ALBUQUERQUE – The 80-unit Highland Park Apartments in Albuquerque has received a $3-million acquisition loan. The loan features a 4.13 percent interest rate, a 10-year, fixed-rate term and a 25-year amortization period. It was originated by Matt Stevens of Alliant Capital LLC.
Western
SALT LAKE CITY – The 27-unit Victoria House Apartments in Salt Lake City has received a $1-million refinance loan. The loan features a 4.28 percent interest rate, a 10-year, fixed-rate term and a 30-year amortization period. It was originated by Matt Stevens of Alliant Capital LLC.
SAN PEDRO, CALIF. – The 107-unit La Corona Del Mar Apartments in San Pedro has received $6 million in refinancing. The loan features a 3.87 percent interest rate, a 10-year, fixed-rate term and 10 years of interest-only payments. It was originated by Don Frankman of Alliant Capital LLC.
WEST COVINA, CALIF. – A 42,000-square-foot Ashley Furniture HomeStore has opened at Eastland Center in West Covina. The stand-alone building was previously occupied by Babies “R” Us. It is located 2753 E. Eastland Center Drive. Ashley was represented by Hodgdon Realty Group and Cole Real Estate Investments in this lease transaction. The Hodgdon Group also handled the entitlements and served as the design-build contractor on the building.
GILBERT, ARIZ. — Air Transport Components has signed a 123-month lease for a 62,413-square-foot manufacturing facility in Gilbert. The facility is located at 900 N. Fiesta Blvd. The company will be consolidating from 53,000 square feet at two facilities. The transaction was executed by Bob Kling and Dave Johnson of Lee & Associates Arizona.
PHOENIX —AAA Northern California, Nevada & Utah Insurance Exchange has signed a 40-month lease for 41,752 square feet at Black Canyon Corporate Center in Phoenix. The building is located at 16404 N. Black Canyon Highway. It is now fully occupied. AAA was represented by Wally Hale and Kevin Mechelke of Jones Lang LaSalle. Black Canyon’s landlord, Parallel Capital Partners, was represented by John Bonnell and Brett Abramson, also of Jones Lang LaSalle.
PHOENIX –Allstate Insurance Company has signed an eight-year lease renewal and expansion for 35,560 square feet at Mesa Corporate Center in Phoenix. The 105,168-square-foot office building is located at 1001 W. Southern Ave. Allstate was represented by James Robinson with Phoenix Realty Advisors. The landlord, Parkway Properties, L.P., was represented by Matt Nebeker of Cassidy Turley Arizona’s Office group.
SAN PEDRO, CALIF. – The 107-unit La Corona Del Mar Apartments in San Pedro has received $6 million in refinancing. The loan features a 3.87 percent interest rate, a 10-year, fixed-rate term and 10 years of interest-only payments. It was originated by Don Frankman of Alliant Capital LLC.
WEST COVINA, CALIF. – A 42,000-square-foot Ashley Furniture HomeStore has opened at Eastland Center in West Covina. The stand-alone building was previously occupied by Babies “R” Us. It is located 2753 E. Eastland Center Drive. Ashley was represented by Hodgdon Realty Group and Cole Real Estate Investments in this lease transaction. The Hodgdon Group also handled the entitlements and served as the design-build contractor on the building.
GILBERT, ARIZ. — Air Transport Components has signed a 123-month lease for a 62,413-square-foot manufacturing facility in Gilbert. The facility is located at 900 N. Fiesta Blvd. The company will be consolidating from 53,000 square feet at two facilities. The transaction was executed by Bob Kling and Dave Johnson of Lee & Associates Arizona.