LOS ANGELES — A 64,144-square-foot medical office building in Northern California has received a $16.5-million, non-recourse loan with cash out that will be used to refinance the building. The loan carries a fixed rate of 6.01 percent for 10 years, a 30-year amortization schedule and a 68 percent loan-to-value. The building was constructed in 2003. Financing was arranged by Jake Roberts and Anita Paryani of Marcus & Millichap Capital Corporation’s West Los Angeles office.
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LAS VEGAS — Westbay Office Park, a 107,650-square-foot office/medical office building in Las Vegas, has sold to Omninet for $7.8 million. The property is located at 3008 West Charleston Blvd. CBRE’s Charles Moore, Michael Newman and Marlene Fujita represented the lender in this transaction.
CHINO, CALIF. — AMCOR Rigid Plastics USA has subleased a total of 350,660 square feet at two industrial facilities in Chino. NFI Network Logistics Solutionshas agreed to sublease 200,000 square feet at 4281 Edison Ave. for nine months, and 150,660 square feet at 4361-4371 Edison Ave. for 13.5 months. These subleases brought both warehouses to fully occupancy. AMCOR was represented by Walt Chenoweth, Frank Geraci, Patrick Wood and Juan Gutierrez of Voit’s Inland Empire office, along with Greg Kloiber of TG Corporate Real Estate Advisors. NFI was represented by Chuck Belden of Cushman & Wakefield.
NEWBURY PARK, CALIF. – A 19,248-square-foot office building in Newbury Park has sold to Bradley Trust for $2,295,000, or $119 per square foot. The two-story building was constructed in 2002 and is located within the USA Business Center. Bradley Trust was represented by Chris Swatosh and Sam Wagner of TOLD Partners. The seller, Zions First National Bank, was represented by Stuart Scott and Shaun Bieniek of DAUM’s Ventura County office.
DAVIS, CALIF. – The 80-unit Brush Creek Apartments in Davis has sold for $8.2 million. It was sold to HighBridge Properties, which acquired the property on behalf of a private investor. The apartment complex was built in 1981 and is located near the UC Davis campus. HighBridge plans to renovate and reposition the property. The acquisition was sourced, underwritten and managed by Trevor Wilson and Brian Printz of Ridge Capital Investors.
OAKLAND, CALIF. — The historic 85,000-square-foot Oakland Tribune building has sold to CallSocket LP for $8 million. The company plans to create a call center at the building that should create 2,300 new jobs in Oakland over the next three years. CallSocket was represented by CBRE’s David Noravian, Hyoung Chon and Robert Newstead. The seller, special servicer Torchlight Investor, was represented by Lori Bluett of Bluett & Associates, which will also manage the asset.
REDLANDS, CALIF. — Mountain View Industrial Center, a 327,084-square-foot, Class A warehouse/distribution center in Redlands, has sold to Industrial Income Trust. The seller, Canyon Capital Realty Advisors, was represented by Jeffrey Cole, Jeff Chiate, Michael Ma, David Hasbrouck, Ed Hernandez and Phil Lombardo of Cushman & Wakefield.
LOGAN, UTAH — Armor Storage of Logan, a 479,160-square-foot, self-storage facility in Logan, has sold to an unnamed buyer for $7.2 million. It is located at 1095 North 600 West Street. Jason Smith and Russell Packer, self-storage investment specialists in Marcus & Millichap’s Salt Lake City office, represented the seller, a developer.
LAS VEGAS – The 118,763-square-foot Anthem Highlands Shopping Center in Las Vegas has sold to Excel Trust for an undisclosed sum. The neighborhood shopping center is anchored by Albertsons grocery store and CVS/pharmacy. Lucescu Realty represented the seller, Regency Centers, and procured the buyer.
IRVINE, CALIF. — Pacific Trust Bank has leased 41,382 square feet of office space at 18500 Von Karman Ave. in Irvine. The space will serves as the company’s corporate headquarters. The company is currently headquartered in Chula Vista, Calif. It will relocate to the Von Karman space in early 2012. David Giglio and Lori Smith of Grubb & Ellis’ Office Group represented Pacific Trust Bank, a wholly-owned subsidiary of First PacTrust Bancorp, in this transaction. The landlord, the Irvine Company, represented itself.