FORT COLLINS, COLO. – The 220-unit Preserve at the Meadows in Fort Collins has received $25.1 million in financing. The community is located at 350 Riva Ridge Drive. The fully amortized, FHA-insured 223f mortgage features a 35-year term and a fixed 2.75 percent interest rate. It was arranged by Greg Benjamin and Dan Lucchesi of NorthMarq Capital’sDenveroffice.
Western
CEDAR CITY, UTAH — GAF, North America’s largest roofing manufacturer, has purchased a 534,598-square-foot manufacturing facility in Cedar City for an undisclosed sum. The facility is located at 5080 West Highway 56. GAF plans to manufacture foam insulation boards and single-ply roofing system components at the facility. The company was represented by Eric Dienstbach of Binswanger’s Denver office. The seller was CC Utah Enterprises, LLC.
MANTECA, CALIF. — The 3.1-million-square-foot CenterPoint Intermodal Facility is scheduled to break ground in Manteca within the month. Manteca is situated between Stockton and Modesto in Northern California. The $175-million project will be located just west of Airport Way between Roth Road and Lathrop Road across from the Union Pacific intermodal yards. The funds will be provided by CalPERS. The San Joaquin Partnership estimates the new facility will create 600 permanent jobs.
FORT COLLINS, COLO. – The 220-unit Preserve at the Meadows in Fort Collins has received $25.1 million in financing. The community is located at 350 Riva Ridge Drive. The fully amortized, FHA-insured 223f mortgage features a 35-year term and a fixed 2.75 percent interest rate. It was arranged by Greg Benjamin and Dan Lucchesi of NorthMarq Capital’s Denver office.
CEDAR CITY, UTAH — GAF, North America’s largest roofing manufacturer, has purchased a 534,598-square-foot manufacturing facility in Cedar City for an undisclosed sum. The facility is located at 5080 West Highway 56. GAF plans to manufacture foam insulation boards and single-ply roofing system components at the facility. The company was represented by Eric Dienstbach of Binswanger’s Denver office. The seller was CC Utah Enterprises, LLC.
POMONA, CALIF. – A 43,900-square-foot industrial building in Pomona has sold to Lite Cruise Properties, LLC for $2.7 million. The building is located at 2778-2788 Pomona Blvd. Lite Cruise was represented by CBRE’s Kent Stalwick. The seller, Fluoresco Lighting & Signs, was represented by Mark White and Todd Launchbaugh of Lee & Associates’ Ontario office.
COSTA MESA, SANTA ANA, CALIF. — Stearns Lending has leased a total of 62,517 square feet in Orange County. The national lending institution leased 41,076 square feet within the MetroCenter at South Coast campus. This space is located at 555 Anton in Costa Mesa. It also leased 21,441 square feet at the Xerox Centre. This facility is located at 1851 E. 1st Street in Santa Ana. Stearns was represented by Jack McNutt of Newmark Grubb Knight Frank. RREEF, the MetroCenter landlord, was represented by Brian Harnetiaux of Transwestern. The Xerox Centre landlord, 1851 East First Street Investors LLC, was represented by Justin Hill and Simon Dillon of CBRE.
PHOENIX — Empire West Title Agency has renewed its lease for 1,685 square feet of space at Foothills Gateway Corporate Center. The Class A center is located at 4505 E. Chandler Blvd. Empire West was represented by Justin Himelstein and Jason France with Cassidy Turley Arizona’s Office Tenant Representation group. The landlord, Orsett/Gateway, LLC, was represented by Lee & Associates.
POMONA, CALIF. – A 43,900-square-foot industrial building in Pomona has sold to Lite Cruise Properties, LLC for $2.7 million. The building is located at 2778-2788 Pomona Blvd. Lite Cruise was represented by CBRE’s Kent Stalwick. The seller, Fluoresco Lighting & Signs, was represented by Mark White and Todd Launchbaugh of Lee & Associates’ Ontario office.
COSTA MESA, SANTA ANA, CALIF. — Stearns Lending has leased a total of 62,517 square feet in Orange County. The national lending institution leased 41,076 square feet within the MetroCenter at South Coast campus. This space is located at 555 Anton in Costa Mesa. It also leased 21,441 square feet at the Xerox Centre. This facility is located at 1851 E. 1st Street in Santa Ana. Stearns was represented by Jack McNutt of Newmark Grubb Knight Frank. RREEF, the MetroCenter landlord, was represented by Brian Harnetiaux of Transwestern. The Xerox Centre landlord, 1851 East First Street Investors LLC, was represented by Justin Hill and Simon Dillon of CBRE.