CHINO, CALIF. — The Carson Companies has retained Grubb & Ellis’ Mark Kegans and Ron Washle, senior vice presidents in the firm’s Industrial Group, to market and lease its new 398,000-square-foot speculative industrial development inside the Chino South Business Park. Kegans and Washle will carry out this task alongside their firm’s Global Logistics practice group. The facility is currently seeking LEED certification. It is scheduled for completion in the first quarter of 2012.
Western
REDWOOD CITY, CALIF. – A 5,985-square-foot office property located at 2944-2946 Broadway Street in Redwood City has sold for $1,425,000. The buyer plans to renovate the facility before moving into its vacant space. The property is currently 50 percent leased to the U.S. Government and the Veteran’s Center. It was marketed exclusively by Bill Allen, an investment specialist in Marcus & Millichap’s Palo Alto office.
FULLERTON, CALIF. – Johnson Capital has arranged a $6-million loan secured by Harbor Medical, a 30,786-square-foot medical office building in Fullerton. The debt was provided by a local bank. The non-recourse loan features a fixed rate of less than 5 percent for seven years. There are no pre-payment penalties. The loan was arranged by Greg Richardson, managing director, and Scott Watson, vice president of Johnson Capital’s Irvine, Calif., office.
RANCHO CUCAMONGA, CALIF. — Milliken Point at Empire Lakes, a one-story, 25,939-square-foot office building in Rancho Cucamonga, has sold for $4.3 million. The buyer was represented by Eileen Schuler and Suzanne Schuler of Schuler Commercial Real Estate. The seller, The Lindsay Group, was represented by Ed Hernandez, Kyle Kehner and Jeffrey Cole of Cushman & Wakefield’s Capital Markets Group.
OXNARD, CALIF. — Solar Surgical Center, LLC has leased 5,281 square feet of ground-floor office space at Solar Drive Business Park in Oxnard. The value and terms of the lease were not disclosed. Steve Doll and Bill Kiefer with NAI Capital’s Ventura County office represented both Solar Surgical and the building owner, Hines, in this transaction.
WEST HOLLYWOOD, CALIF. – The 15-unit La Ventana apartment complex in West Hollywood has sold for $5,555,000. The recently renovated complex is located at 1031 North Crescent Heights Blvd. The all-cash transaction was negotiated by Robin D. Ossenbeck, a partner in the Los Angeles office of Hendricks & Partners, and Peter M.Hauser, an associate partner in the firm’s Newport Beach, Calif., office.
SAN DIEGO – A multi-tenant strip center that is located in the Torrey Highlands master-planned community in a San Diego submarket has sold to Paragon Acquisitions, LLC for $5,254,000. Paragon represented itself in the transaction, while the seller, Torrey Highlands Plaza, LLC, was represented by Paul Lafrenz, Paul Komadina, Reg Kobzi and Joel Wilson of the CBRE Private Capital Group.
ALISO VIEJO, CALIF. — A 7,068-square-foot, single-story, pre-school facility located at 10 Mareblu in Aliso Viejo has sold for $1.95 million. The sale was executed by Allen Basso, senior vice president of Lee & Associates’ Irvine, Calif., office.
MARINA DEL REY, CALIF. — C3 Jian has leased 34,544 square feet of office flex space inside a 60,500-square-foot life science building at 4503 Glencoe Ave. in Marina del Rey. The company plans to use the space, which was previously occupied by Abraxis, for biomedical research and production. The 10-year lease is valued at more than $10 million. C3 Jian was represented by Mathew Miller of CRESA Partners. The building’s owner, Hankey Investment Company, was represented by Jones Lang LaSalle’s Chris Strickfaden and Scott Dobbins, who worked in-house on behalf of Hankey.
CHINO, CALIF. – A 78,021-square-foot industrial building in Chino has been sold to Yama Seiki for $4.2 million. This is the second time this property has been sold by Richard Schwartz and Brad Yates of Colliers’ Inland Empire office in 2011 alone. The milling machine manufacturer plans to use it as its U.S. headquarters. Yama Seiki was represented by Eddie Lee of Ashwill Associates. Schwartz and Yates represented the seller, Shield Packaging.