LOS ANGELES — A 5,000-square-foot, single-tenant property occupied by Chase Bank has sold to Golden Matrix for $7.51 million. The space is located at 11975 Santa Monica Blvd. The sellers, HJRJ LLC, et al., were represented by Charles DeSantis of Charles Dunn Company.
Western
LAS VEGAS – An 87-unit apartment complex in Las Vegas has sold to Kothari Property Group for $3.35 million. The community is located at 5055 Tamarus Street. The seller, Tamarus Apartments, was represented by Patrick Sauter, Art Carll and Devin Lee of NAI Sauter Companies in Las Vegas.
COMPTON, CALIF. — Forever Collectibles California has leased a 146,362-square-foot facility in Compton. The company plans to use the space, located at 1600 Anderson Ave., as a distribution center. Forever Collectibles was represented by Barry Hill of Jones Lang LaSalle. The landlord, Prologis, was represented by David Prior, Todd Taugner and Frank Schulz of The Klabin Company/CORFAC International’s Torrance office.
PHOENIX – The 72-unit Indian Canyon Apartments in Phoenix has sold to Hanson Capital Group for $1.55 million. It is located at 2130 W. Indian School Road. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both the buyer and the seller, Raul Tapia and Ofelia Tapia Trust, in this transaction.
OXNARD, CALIF. — An 80-unit multifamily project in Oxnard has received a $10-million construction loan. The loan features a three-year term, a 5.5 percent interest rate and a 60 percent loan-to-value. The loan was arranged by Jake Roberts and Anita Paryani of Marcus & Millichap Capital Corporation’s West Los Angeles office.
HILLSBORO, ORE. – A pair of R&D buildings in Hillsboro has sold to WPC Tech LLC for $6.9 million. The buildings include One and Two Technology Centers, which are located at 7431 & 7451 NW Evergreen Parkway. They total 95,000 square feet situated on 8.5 acres. Keith Young of Kidder Mathews represented both the buyer and the seller, BH Two Tech LLC and Force-BH LLC, in this transaction.
CITY OF INDUSTRY, CALIF. — Railroad Handel, a 76,180-square-foot industrial building in the City of Industry, has received $3.3 million in first-mortgage refinancing. The facility is located at 18451-18467 Railroad Street. It is 80 percent leased. The 10-year loan features a 25-year amortization schedule. Financing was arranged by Michael Elmore of NorthMarq Capital’s Los Angeles office through the firm’s relationship with a national bank.
CHANDLER, ARIZ. — QBE First, part of QBE Insurance Group Limited, has signed an 11-year lease for 183,000 square feet of call center space in Chandler. The space is located at 2700 Corporate Center. The company will move into the facility in the fourth quarter of 2012. QBE was represented by Greg Bast and Wally Hale of Jones Lang LaSalle. The landlord, Regent Properties, was represented by Bill Blake and Colton Trauter of Lee & Associates.
SELMA, CALIF. — Selma Square, a 104,371-square-foot retail center in Selma, has received $9.3 million in first-mortgage refinancing. The center is located at 2751-2883 Highland Ave. Notable tenants include Food 4 Less Store and Office Max. The loan features a 10-year term and a 30-year amortization schedule. It was arranged by Michael Elmore and David Blum of NorthMarq Capital’s Los Angeles office through the firm’s relationship with a CMBS lender.
PETALUMA, CALIF. — East Washington Place, a new 380,000-square-foot shopping center in Petaluma, has secured several new tenants. They include Dick's Sporting Goods, T.J. Maxx/Homegoods, Sprouts Grocery and Ulta Salon and Cosmetics & Fragrance. Dick’s absorbed 50,000 square feet; T.J. Maxx grabbed 46,000 square feet; Sprouts has 25,000 square feet; and Ulta secured 10,000 square feet. Other notable new tenants include Panera Bread, Subway, Sport Clips and Sift Cupcake & Dessert Bar. The center will be anchored by Target, which purchased 10 acres of vacant space where it’s constructing a separately owned 140,000-square-foot store. The landlord, Regency Centers, was represented by Matt Kircher, John Schaefer and Katie Singer with Terranomics Retail Services. Singer procured all the above-mentioned tenants except for Sift Cupcake, which was procured by Trish Gonsalves, also of Terranomics.