TUCSON, ARIZ. — Campbell Plaza, a 190,000-square-foot, grocery-anchored retail center in Tucson, has sold to Krausz Puente LLC and Krausz RC Properties One LLC for $32.3 million. The center is located on the northeast corner of Campbell Avenue and Glenn Street. It was 95 percent occupied at the time of sale. Notable tenants include Albertsons, Ace Hardware, Panda Express, Rubio’s Fresh Mexican Grill, T-Mobile, Jamba Juice, GameStop, Old Chicago Restaurant, Five Guys Burgers and Fries, and Sauce Pizza and Wine. The seller, Camelback Corporate Center Joint Venture LLC, was represented by CBRE’s Mike Sandahl, Nancy McClure and Bob Young.
Western
SCOTTSDALE, ARIZ. — A 127,750-square-foot office building in Scottsdale that houses the headquarters for Fender Musical Instruments Group has sold to Bruce Karsh for $29.8 million. The Class A building is located at 17600 N. Perimeter Drive. It was fully leased at the time of sale. The seller, WDP Partners LLC, was represented by Jim Fijan in CBRE’s Phoenix office.
PHOENIX — Hines U.S. Office Value Added Venture III has purchased 24th at Camelback I in Phoenix for an undisclosed sum. The 302,209-square-foot, Class A office tower is located in Phoenix’s Camelback Corridor submarket. The property also contains 27,209 square feet of ground-floor retail space.
SAN DIEGO — The Uptown District Shopping Center, a 148,638-square-foot, mixed-use retail center in San Diego, has sold to Regency Centers Corporation for $81.1 million. It is located at 940 University Ave. in the city’s Hillcrest neighborhood. Notable tenants at the center include Ralphs, Trader Joe’s, Wells Fargo, Panera Bread and Starbucks. The sale was executed by the Mansour Group of Marcus & Millichap.
TUCSON, ARIZ. — Campbell Plaza, a 190,000-square-foot, grocery-anchored retail center in Tucson, has sold to Krausz Puente LLC and Krausz RC Properties One LLC for $32.3 million. The center is located on the northeast corner of Campbell Avenue and Glenn Street. It was 95 percent occupied at the time of sale. Notable tenants include Albertsons, Ace Hardware, Panda Express, Rubio’s Fresh Mexican Grill, T-Mobile, Jamba Juice, GameStop, Old Chicago Restaurant, Five Guys Burgers and Fries, and Sauce Pizza and Wine. The seller, Camelback Corporate Center Joint Venture LLC, was represented by CBRE’s Mike Sandahl, Nancy McClure and Bob Young.
SCOTTSDALE, ARIZ. — A 127,750-square-foot office building in Scottsdale that houses the headquarters for Fender Musical Instruments Group has sold to Bruce Karsh for $29.8 million. The Class A building is located at 17600 N. Perimeter Drive. It was fully leased at the time of sale. The seller, WDP Partners LLC, was represented by Jim Fijan in CBRE’s Phoenix office.
PHOENIX — Hines U.S. Office Value Added Venture III has purchased 24th at Camelback I in Phoenix for an undisclosed sum. The 302,209-square-foot, Class A office tower is located in Phoenix’s Camelback Corridor submarket. The property also contains 27,209 square feet of ground-floor retail space.
SAN FRANCISCO — The Swig Company has purchased an 88,668-square-foot office building in San Francisco for an undisclosed sum. The four-story property is located at 901 Battery Street. The acquisition also includes a parking structure that resides at 998 Sansome Street. The fully leased building is home to KMD Architects, Viscira, MediaOne, Fox News and New Deal Design.The seller, a partnership that had owned the property for several decades, was represented by Tony Crossley and Erik Hanson of Colliers International. Mee Mee Kiong and Peter Nelson of HSBC Bank provided the acquisition financing.
POMONA, CALIF. — A 355,162-square-foot distribution center in Pomona has sold to CMC Dragon, LP for $28.4 million. It is located at 1388 W. Holt Ave. The furniture manufacturer and importer will be relocating from nearby Fontana. The facility will serve as CMC’s West Coast distribution center. The company will occupy 80 percent of the building. The remaining space will be leased to Nina Footwear, an existing tenant at the building. CMC was represented by Brian McLoughlin and David Fults of Voit’s Greater Los Angeles office. The seller, CH Realty III, was represented by Frank Geraci, Walt Chenoweth, Juan Gutierrez and Patrick Wood ofVoit’s Inland Empire office.
ALAMEDA, CALIF. – The 615-unit Summer House Apartments in Alameda has received $19.4 million in financing. This was a supplemental Freddie Mac loan that was added to the community’s existing financing. The loan was arranged for Kennedy Wilson by Berkeley Point Capital.