SEATTLE — The 23-unit Clar-Ann apartment community in Seattle has sold to Eastlake 23, LLC for $2,970,000. The complex was built in 1957 and resides just blocks from Lake Union. Marty Leith and Kenny Dudunakis of Hendricks & Partners’ Seattle office represented the seller, Clar-Ann Apartments, LLC.
Western
KENT, WASH. – The 28,512-square-foot Old Orchard Shopping Center has sold to a limited liability company for $5.4 million. The center is anchored by Value Village, O’Reilly Auto Parts and Washington Federal Savings Bank. The property was marketed exclusively by Dino A. Christophilis, an investment specialist in Marcus & Millichap’s Seattle office on behalf of the seller, which was also a limited liability company. Christophilis represented the buyer, as well.
HUNTINGTON BEACH, CALIF. – A 20,200-square-foot industrial building in Huntington Beach has sold to 17832 Gothard, LLC for $2.32 million. The owner-user manufacturing facility is currently occupied by Creative Imaginations. Carl Capitano of Re/Max Masters Realty represented the buyer. Mike Bouma of Voit Real Estate Services’ Anaheim Metro office represented the seller, Empty Suits.
TEMPE, ARIZ. — Anasazi Software has leased 19,685 square feet at the Warner Business Center in Tempe. The company will be expanding as it moves from 14,000 square feet at a building in Ahwatukee, Ariz. The move is set for January 2012, at which time the seven-year lease will commence. Anasazi was represented by Jerry McCormick and John Werstler in CBRE’s Phoenix office. Pete Wentis, Kevin Cosca, Bill Bayless and Andrew Brigham, also of CBRE’s Phoenix office, represented the landlord, Carlson Real Estate Company.
MARIN CITY, NAPA, CALIF. — Cassidy Turley Northern California has sold two area shopping centers for a total of $55.8 million. The first is the Marin Gateway Shopping Center in Marin City, which sold for $36 million. The buyer was an affiliate of the Gerrity Group. The seller was the Bay Area Smart Growth Fund, an affiliate of PCCP, LLC in partnership with the Marin County Community Development Corporation. The second was Kohl’s Parkway Plaza Shopping Center in Napa, which sold for $19,825,000. The buyer was an affiliate of Cole Real Estate Investments. Cole was represented in-house by Scott Holmes, vice president of acquisitions. The seller was an affiliate of Lubert Adler Partners. Cassidy Turley’s Dan Wald and Dave Nord led the marketing team for both properties. Mark Koenig and John Schaefer of Cassidy Turley Northern California’s retail leasing division, Terranomics Retail Services, also participated in the marketing effort as leasing market specialists.
BREA, CALIF. – A 45,560-square-foot industrial building in Brea has sold to Nail Harmony for $4 million. The building is located at 1425 Moonstone Street. Nail Harmony was represented by Luke Hudson and Scott Seal of Lee & Associates’ Orange, Calif., office. The seller, Cohen Asset Management, was represented by Tom Dorman of CB Richard Ellis and Ian Britton of Colliers International.
NEWHALL, CALIF. – A 2,700-square-foot property that is currently occupied by Carls Jr. has sold for $2,015,000. The single-tenant, NNN leased property was purchased by PBKL, LLC. Though the sales sum was not disclosed, Faris Lee, which represented the buyer, said the property sold above list price. Matt Mousavi, a director with Faris Lee Investments, executed this all-cash transaction on behalf of PBKL. John Glass of Marcus and Millichap represented the seller, Carl Karcher Enterprises. The deal was a corporate sale-leaseback with Carls Jr. Corporate.
CAMARILLO, CALIF. — A 52,380-square-foot industrial building in Camarillo has sold to Binder-USA, a subsidiary of Franz Binder GmbH & Co., for $5.5 million. The facility is located at 3903 Calle Tecate. Binder-USA was represented by Michael and Melinda Walsh of Daum Commercial. The seller, Batarse Family Partners, a California-based L.P., was represented by Timothy P. Foutz, senior executive vice president with NAI Capital’s Encino office. Foutz noted that Binder-USA originally signed a lease at the building 4.5 years ago with an option to buy.
PHOENIX — Plaza 777, a 40,251-square-foot multi-tenant retail property in Scottsdale, was sold to KT 777, LLC for $2.587 million. The plaza was built in 1960 and includes five buildings situated on 4.47 acres. The seller, Coastline RE Holdings Corp., was represented by Paul Boyle and Rick Danis with Cassidy Turley BRE Commercial’s Capital Markets Group, and Brian Kocour and Courtney Auther Van Loo with Cassidy Turley BRE Commercial’s Retail Group.
PALO ALTO, CALIF. — GameStop, a 2,850-square-foot, single-tenant, net-leased property in Palo Alto, has sold for $3,059,000. The property was marketed exclusively by Kevin Turner and Michael Cisternino, investment specialists in Marcus & Millichap’s Oakland office, on behalf of the seller, a partnership.