ROSEVILLE, CALIF. — Ellis Partners LLC has acquired a nine-building office portfolio in Roseville for an undisclosed sum. The portfolio contains a total of 670,000 square feet along the region’s Douglas Boulevard. The buildings are located in the Summit at Douglas Ridge, Olympus Corporate Centre, Johnson Ranch Corporate Center and Roseville Corporate Center. Chris Lemmon, Todd Eschelman and Zac Collie of Cornish & Carey Newmark Knight Frank will serve as the portfolio’s exclusive leasing agents. The seller was Hines U.S. Core Office Fund. Hines will handle the portfolio’s property management.
Western
LOS ANGELES – A 46,213-square-foot office building in the Los Angeles submarket of Brentwood has sold to WLA Wilshire, LLC for $15.5 million. It is located at 11859 Wilshire Blvd. WLA was represented by Andrew Jennison of Industry Partners. The seller, 11859 Wilshire, LLC, was represented by Roger Beck and Gelena Skya-Wasserman of Charles Dunn Company. The seller had previously occupied the building as PCS, a communications company that has since moved to Texas.
SCOTTSDALE, ARIZ. – A 66,240-square-foot office/flex building in Scottsdale has sold to Helio Real Estate for $4.3 million. It is located at 8388 E. Hartford Drive. Helio was represented in-house by Adrian Evarkiou. The seller, H-B Perimeter, LLC, was represented by Jeff Adams, Mike Myrick and Alexandra Loye of NAI Horizon.
WEST COVINA, CALIF. – The 65-unit West Covina Senior Villas has received a $3.2-million refinance loan. The loan on this newly built property features a 5 percent fixed interest rate, a 30-year term and a30-year amortization schedule. The funds were arranged by Dale Holzer of Alliant Capital LLC.
RIVERSIDE, CALIF. – A 39,900-square-foot distribution center in Riverside has sold to Dmitriy Burkovskiy, owner of Mile Transport, for $3.2 million. The center is located at 1075 Mt. Vernon Ave. Burkovskiy was represented by John Seoane of Lee & Associates Ontario. The seller, Cornerstone Realty Advisors, was represented by Voit Real Estate Services.
LOS ANGELES – A 46,213-square-foot office building in the Los Angeles submarket of Brentwood has sold to WLA Wilshire, LLC for $15.5 million. It is located at 11859 Wilshire Blvd. WLA was represented by Andrew Jennison of Industry Partners. The seller, 11859 Wilshire, LLC, was represented by Roger Beck and Gelena Skya-Wasserman of Charles Dunn Company. The seller had previously occupied the building as PCS, a communications company that has since moved to Texas.
SCOTTSDALE, ARIZ. – A 66,240-square-foot office/flex building in Scottsdale has sold to Helio Real Estate for $4.3 million. It is located at 8388 E. Hartford Drive. Helio was represented in-house by Adrian Evarkiou. The seller, H-B Perimeter, LLC, was represented by Jeff Adams, Mike Myrick and Alexandra Loye of NAI Horizon.
WEST COVINA, CALIF. – The 65-unit West Covina Senior Villas has received a $3.2-million refinance loan. The loan on this newly built property features a 5 percent fixed interest rate, a 30-year term and a30-year amortization schedule. The funds were arranged by Dale Holzer of Alliant Capital LLC.
RIVERSIDE, CALIF. – A 39,900-square-foot distribution center in Riverside has sold to Dmitriy Burkovskiy, owner of Mile Transport, for $3.2 million. The center is located at 1075 Mt. Vernon Ave. Burkovskiy was represented by John Seoane of Lee & Associates Ontario. The seller, Cornerstone Realty Advisors, was represented by Voit Real Estate Services.
LEHI, UTAH — Perry & Associates will develop Traverse Ridge Center I, a 70,000-square-foot office building in Lehi, in March 2013. The building will be built near the new Adobe Campus, Cabela's and the Outlets at Traverse Mountain as part of a 22-acre, mixed-use campus. Construction is scheduled for completion in May 2014. Eric Smith, Kreg Peterson, James Mecham and Jessmine Kim of CBRE will serve as the leasing agents.