YORBA LINDA, CALIF. – Radius Power has purchased a 34,972-square-foot industrial building in Yorba Linda for $3.8 million. It is located at 22895 Eastpark Drive. The company plans to relocate its headquarters and expand its manufacturing operations at the new facility. Radius Power was represented by Mitch Zehner of Voit’s Anaheim office. The seller, Eastpark Drive, LLC, was represented by Zach Niles of 360 Commercial Partners.
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GLENDALE, ARIZ. – Big Lots has leased 34,800 square feet in Glendale. The discount retailer will occupy the former Ultimate Electronics building at the northwest corner of Bell Road and 75th Avenue. Big Lots was represented by Chris Hinkson of Hinkson Company, LLC. The landlord, VP Arrowhead, LLC, (Vintage Partners), was represented by Mike Polachek and Brian Polachek of SRS Real Estate Partners.
SCOTTSDALE, ARIZ. – A 44,088-square-foot office building in Scottsdale has sold to STORE Capital for $10 million. The building is located at 5656 E. Greenway Parkway. Stacie Harrison of NAI Horizon represented the buyer. The seller, Arizona Prep Real Estate, was represented by Scott Shelbourne with Cushman & Wakefield.
SAN DIEGO – A 77,760-square-foot industrial building in San Diego has sold to ALCO Investment Company for $4 million. The building is located at 1840 Dornoch Court. ALCO was represented by Darren Mullins and Erik Parker of Cassidy Turley San Diego. The seller, CRE LJ CA, LLC c/o OneWest Bank, was represented by Tim Winslow, Jason Kimmel, Kevin Nolen, Trevor Jenson and Regan Tully, also of Cassidy Turley.
MURRAY, UTAH — The former 154,000-square-foot Utah Fun Dome was purchased by Kimball Investments and ICO Construction for an undisclosed sum. The building is located at 4998 South Galleria Drive. The new owners plan to develop a mixed-use property on the site. The seller, First Citizens Bank and Trust Co., was represented by CBRE’s Doug Scheel and Marty Plunkett.
RANCHO DOMINGUEZ, CALIF. — Davis Trucking, LLC has leased a 57,600-square-foot warehouse/distribution facility in Rancho Dominguez. The company plans to relocate its Los Angeles operations to the new facility, which is located at 3090 Via Mondo. It is relocating from nearby Carson. The seven-year lease was valued at $2.8 million. Davis Trucking was represented by Tommas Golia of Pacific Coast Commercial. The landlord, KTR Capital Partners, was represented by Frank Schulz, Todd Taugner and David Prior in Klabin/CORFAC’s Torrance office.
SANTA MONICA, CALIF. – An eight-unit apartment complex in Santa Monica has sold to San Vicente, LLC for $4 million. The community is located at 522 San Vicente Blvd. The buyer was represented by John Taksa from RE/MAX. The seller, The Francis Claire Drooz Family Trust, was represented by Kimberly Roberts Stepp of Charles Dunn Company in this all-cash transaction.
CHANDLER, ARIZ. — Warner Commerce Park, an 85,985-square-foot industrial property in Chandler, has sold to Dalfen America for $3.35 million. The center is located at 455-495 E. Warner Road. The REO property was sold by US Bank. The sale included two manufacturing/distribution buildings, a 50,436-square-foot building at 455 E. Warner and a 35,551-square-foot building at 495 E. Warner. Dalfen America was represented by Pete Klees, Paul Boyle and Rick Danis with Cassidy Turley BRE Commercial.
PORTLAND, ORE. — A123-unitapartment complex located at 2121 Belmontin Portland has received $2 million. The 43-month,interest-onlyloan was provided by Gardiner Champlin, Marty Meagher and Erick Flycktof NorthMarq’s San Diego regional office through the firm’srelationship with a life insurance company.
GLENDALE, ARIZ. – The 69-unit Village Diamante in Glendale has sold to JHL Real Estate, LLC for $6.7 million. The apartment community is located at 8050 North 61st Ave. It was built in 2009 by Lucchesi Construction. JHL Real Estate was represented by Barbara Lloyd, Lane Neville, Brad Ranly, and Gabe Ortega of NAI Horizon in Phoenix. The seller, First International Bank & Trust, was represented by Cliff David, Steve Gebing and Brian Tranetzki of Marcus & Millichap’s Phoenix office.