VALENCIA, CALIF. – Arvato Digital Services has renewed its lease for a 165,141-square-foot industrial property in Valencia. The five-year lease is valued at $6.3 million. The property is located at 29011 Commerce Center Drive. Arvato was represented by John DeGrinis, Patrick DuRoss and Jeff Abraham of Colliers’ Encino office. The landlord, Sares Regis Group, was represented by CBRE’s Craig Peters.
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LIVERMORE, CALIF. — A 36,400-square-foot R&D building in Livermore has sold to Globalhawk Insurance for $3.87 million. The property is located at 2525 Colliers Canyon Road within the Shea Business Center. Globalhawk will be relocating from nearby 3090 Independence Drive. The buyer was represented by Mark Dowling and Matt Manos of Cassidy Turley. The seller was Shea Center Livermore Office, LLC.
SAN FRANCISCO – Sun Life Assurance of Canada has purchased 660 Market Street, a 52,842-square-foot office building in San Francisco. The building features ground-floor retail along the Market Street Corridor. The seller, Union Property Capital and Heitman, was represented by Tony Crossley, Tim Maas and Erik Hanson of Colliers’ San Francisco Investment Services Group.
ESCONDIDO, CALIF. – Oak Creek Energy Systems has leased 7,526 square feet at La Terraza Corporate Plaza in Escondido. The seven-year lease is valued at $1.44 million. The 78,477-square-foot, Class A office building is located at 500 La Terraza Blvd. Oak Creek was represented by Joseph Portelli of Marubeni America Corporation and in-house by Carina Leegaard. The landlord, Cypress La Terraza, LLC, was represented by CBRE’s Larry Cambra and Dan Yielding.
REDONDO BEACH, CALIF. – A 103,000-square-foot industrial property in Redondo Beach has sold to Terreno Realty Corporation for $14.2 million. The property is located at 2475-2477 Manhattan Beach Blvd. It is fully leased to one tenant.
PORTLAND, ORE. – New Relic has leased 19,482 square feet at the US Bancorp Tower in Portland. The new space will allow the company to expand and relocate from the nearby Commonwealth Building this November. New Relic will initially house a 45-person engineering team at the new facility, but eventually plans to grow its presence to about 200 employees. The tenant was represented by Jake Lancaster of Jones Lang LaSalle’s Portland office. The landlord, Unico Properties, was represented by Joe Vaughn, also of JLL.
THOUSAND OAKS, CALIF. – The Village Trader Market and Deli will open at The Village at Dos Vientos Ranch, a retail and office complex in Thousand Oaks, on Aug. 9. The 6,400 square-foot retailer will be the first grocery store in the Dos Vientos Ranch master-planned community. The complex is owned by Paradise Capital Group.
LAS VEGAS — M&L Self Storage, a 91,760-square-foot self-storage facility in Las Vegas, has sold to a REIT for $2.1 million. The facility was built in 1986 at 1675 North Lamb Blvd. It is currently 46 percent occupied. Cameron Glinton of Marcus & Millichap’s Las Vegas office represented both the buyer and the seller, a developer, in this transaction.
DENVER — A 17-unit apartment complex located at 15 Washington Street near Denver’s Washington Park neighborhood has sold to 15 Washington, LLC for $1.47 million. The complex was built in 1967. The buyer was represented by Jeff Johnson, Matt Ritter and Jim Knowlton of Pinnacle Real Estate Advisors. The seller represented itself in this transaction.
VICTORVILLE, CALIF. — Pacific Aviation Group, LLC and Fastenal Company have signed new leases at the Southern California Logistics Centre (SCLC) in Victorville. SCLC is a 2,500-acre industrial and commercial complex that is currently undergoing an expansion. Pacific Aviation signed a 64-month renewal that will allow the company to expand into a 58,732-square-foot facility. Fastenal Company signed a 36-month renewal for its 6,322-square-foot facility. The lease renewals were executed by Anita Tuckerman of Stirling Capital Investments.