DENVER – The West Washington Park Portfolio, which consists of 46 apartment units and one retail unit located in four separate buildings throughout Denver, has sold to a local private investor for $3,854,000. The portfolio included 13 units and one retail unit located at 700 East 1stAve.; 12 units at 66 Clarkson Street; 11 units at 65 Ogden Street; and 11 units at 59 Ogden Street. ARA Denver’s Terrance Hunt and Shane Ozment represented the seller, a local private investor, in this transaction.
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BREA, CALIF. — SAME Investments LLC has purchased a 99,552-square-foot industrial warehouse in Brea. The company plans to operate its screen printing business at the facility, which is located at 333 Cliffwood Park Street. SAME was represented by Joseph Miller and Stan Kwak of Voit’s Anaheim office. CBRE’s Sean Ward, Ben Seybold and Shin Kim represented the seller, Kirkhill-TA Co.
SUNNYVALE, CALIF. — Asante Solutions has leased 28,322 square feet of R&D space at 352 Java Drive in Sunnyvale. The medical device company will be relocating in late November from the 11,846 square feet it currently occupies at nearby 1012 Stewart Drive. Asante was represented by Marne Michaels of Colliers International in this transaction.
CITY OF INDUSTRY, CALIF. — A 96,888-square-foot industrial warehouse in the City of Industry has sold to Asia Direct for $8.24 million. The furniture importer plans to use the warehouse for its new headquarters, which is currently based in Commerce, Calif. Asia Direct was represented by Brian McLoughlin and David Fults of Voit’s Commerce office. The seller, Overton Moore Properties, was represented by Cushman & Wakefield.
GILBERT, ARIZ. — Acquinity Interactive plans to open a new call center at 1030 N. Colorado Street in Gilbert. The Internet marketing firm has leased 22,186 square feet at the single-story office building and has recently announced plans to hire up to 200 workers before year’s end. Jim Trobaugh, Chris Hook and Rob Marsh of CBRE’s Labor Analytics Group represented Acquinity in its four-year lease agreement. The landlord, DT Credit Company LLC, was represented by Mike McQuaid and Mike Garlick of Lee & Associates.
MANHATTAN BEACH, CALIF. — Hendricks & Partners has hired Michael McKinney and Steffan Braunlich, who will open and head up the firm’s new South Bay office in Manhattan Beach. The firm chose to expand into this Los Angeles submarketto capitalize on the momentum in the multifamily industry. McKinney previously served as first vice president at CB Richard Ellis, while Braunlich worked as an associate with CBRE’s Multi-Housing/Private Capital Group.
EL SEGUNDO, CALIF. – A 2.15-acre hotel site at Campus El Segundo has sold to OTO Development, LLC for $4.4 million. OTO plans to use the site for a 143-room Hyatt Place hotel, which will begin construction immediately. There are still 24 acres that remain at Cam pus El Segundo. Jim Thomas, chairman and CEO of the seller, Thomas Property Group, noted his company still has flexible entitlements for about 1.7 million square feet of future development space.
SAN DIEGO – Independence Square Shopping Center in the Kearny Mesa submarket of San Diego has received $12 million for a refinance. The permanent financing was arranged by Newmark Realty Capital. The fixed-rate, non-recourse loan includes a 10-year term. The borrower was a private client and the lender was a national bank. Financing was arranged by James Dick, a vice president in Newmark’s San Diego office.
HAYWARD, CALIF. — The 214,172-square-foot Whipple Industrial Center in Hayward has sold to LBA Realty, LLC from WP Investments for an undisclosed sum. The institutional-quality manufacturing/warehouse facility is fully occupied by Morgan Technical Ceramics, which holds a long-term lease at the center. Whipple was built in 1972 and renovated in 2002. The sale was executed by Greig Lagomarsino and Mark Maguire of Colliers International’s Oakland office, along with Greg Cioth and Edmund Najera of Eastdil Secured.
EL SEGUNDO, CALIF. — Net2EZ has signed a long-term lease expansion for more than 24,000 square feet of space at Digital Realty's El Segundo data center facility. This brings the data center service provider’s total space at the facility to more than 40,000 square feet.