SAN FRANCISCO – Jamestown has purchased 799 Market Street, a 142,902-square-foot, mixed-use property in Downtown San Francisco, for an undisclosed sum. The Class A retail and office building is located on the northeastern corner of Market and Fourth streets at the intersection of the city’s Union Square shopping district and South of Market (SOMA) tech corridor. The building’s 55,000 square feet of retail space is fully occupied by a Ross Dress for Less flagship store. The eight-story property also includes five floors of creative office space. It is currently 89 percent leased. The seller, a partnership between Urban Realty and Commonfund, was represented by Eastdil Secured, which also helped Jamestown secure financing.
Western
BRENTWOOD, CALIF. — The Streets of Brentwood, a 305,428-square-foot lifestyle center in the West Los Angeles submarket of Brentwood, has sold to a partnership between DRA Advisors and RED Development for $72.1 million. It is located at 2565 Sand Creek Road. The acquisition also included a parcel of land approved for Phase II development and 110,000 square feet of additional retail space. Notable tenants at the center include REI, Banana Republic, DSW, Ulta Cosmetics, Ann Taylor and Jos. A. Bank. It is anchored by a 14-screen Rave Theater. Alfred Hackbarth of SRS Real Estate Partners represented both the buyer and the seller, Brentwood Specialty Center, LLC, in this transaction.
OCEANSIDE, CALIF. – A 45,000-square-foot industrial property in Oceanside has sold to Precision One Ventures for $3.9 million. The property is located at 3923 Oceanic Drive. Precision One will occupy about 70 percent of the building. A new tenant signed a lease for the balance of the property during the transaction. Precision One was represented by Greg Pieratt and David Howard of Lee & Associates’ North San Diego County office.
YORBA LINDA, CALIF. – A 34,972-square-foot, multi-use building in Yorba Linda has sold to BSKO, LLC for $3.8 million. The property is located at 22895 Eastpark Drive within the master-planned community of Savi Ranch. The space will serve as BSKO’s new headquarters. The company was represented by Seth Davenport of Voit Real Estate Services. The seller, Eastpark Drive LLC, was represented by Zach Niles, Garrett McClelland and Steve Wagner of Jones Lang LaSalle Orange County.
SANTA MONICA, CALIF. – A 1,987-square-foot retail property in Santa Monica has sold to an unnamed buyer for $1.85 million. It is located at 2301 Wilshire Blvd. across from a Whole Foods Market. The buyer was represented by Mitch Stokes of Madison Partners. The unnamed seller was represented by Geno St. John, William Althouse and T.C. Macker of Coldwell Banker Commercial WESTMAC.
CENTENNIAL, COLO. – Centennial Office Plaza, a 63,380-square-foot, multi-tenant office building, has received $2 million in financing. The property is located at 12150-12200 E. Briarwood Ave. in Centennial. The funding was arranged by Steve Koeneke and Brock Yaffe of NorthMarq’s Denver regional office.
SUPERIOR, COLO. – Kumon Learning Centerhas leased 1,405square feet of space at Superior Marketplace in Superior. Kumon was represented by Jetta Yacovetta of West USA Premier. The landlord, Brixmor Property Group, was represented in-house by Paul Sheppard.
YORBA LINDA, CALIF. – A 34,972-square-foot, multi-use building in Yorba Linda has sold to BSKO, LLC for $3.8 million. The property is located at 22895 Eastpark Drive within the master-planned community of Savi Ranch. The space will serve as BSKO’s new headquarters. The company was represented by Seth Davenport of Voit Real Estate Services. The seller, Eastpark Drive LLC, was represented by Zach Niles, Garrett McClelland and Steve Wagner of Jones Lang LaSalle Orange County.
CENTENNIAL, COLO. – Centennial Office Plaza, a 63,380-square-foot, multi-tenant office building, has received $2 million in financing. The property is located at 12150-12200 E. Briarwood Ave. in Centennial. The funding was arranged by Steve Koeneke and Brock Yaffe of NorthMarq’s Denver regional office.
SANTA MONICA, CALIF. – A 1,987-square-foot retail property in Santa Monica has sold to an unnamed buyer for $1.85 million. It is located at 2301 Wilshire Blvd. across from a Whole Foods Market. The buyer was represented by Mitch Stokes of Madison Partners. The unnamed seller was represented by Geno St. John, William Althouse and T.C. Macker of Coldwell Banker Commercial WESTMAC.