SANTA ANA, CALIF. — The 84-unit Tustin View apartments in Santa Ana has sold for $14.4 million. The property is located at 2002 and 2010 Ponderosa Street and was built in 1968. The seller was Peak 1031 Exchange, Inc, a California corporation, which acted as a qualified intermediary for JHPark Villa, LLC. The transaction was negotiated by Peter M. Hauser, Robin D. Ossenbeck and Steven C. Brombal of Hendricks & Partners.
Western
VISTA, CALIF. – The 45-unit Newport Vista Apartments in Vista have sold to Tesoro Del Sol I for $5.9 million. The 40,500-square-foot property is located at 845 Newport Terrace Drive. Tesoro was represented by Ethan L. Smith of Real Estate Services. The sellers, Phyllis Newman Foster & William Foster, et al., were represented by Dennis Leslie and Dan Zendejas of ACI.
GLENDALE, CALIF. – A 40-unit apartment property located at 401-403 W. Glenoaks Blvd. in Glendale has sold to Meridian-Kenwood, LLC for $4,462,000. The property was fully occupied at the time of closing. Meridian-Kenwood was represented by Han Widjaja Chen of Colliers International. The seller, Arcadia-based 727 Del Coronado, LLC, was represented by Judy Stevens of Prudential California.
AURORA, COLO. — The Bahamas Apartments, a 100-unit apartment community in Aurora, has sold to Fitzsimons Place, LLC for $3 million. The property is located at 1568 Nome Street. The sale was brokered by Brice Head of Pinnacle Real Estate Advisors.
RIO RANCHO, N. MEX. — Southern & Unser Shops, a 9,135-square-foot retail center in Rio Rancho, has sold to PASSCO Companies for $2.85 million. The Class A center was built in 2011 and is fully occupied. Notable tenants include Five Guys Burgers and Fries, Papa Murphy’s, Supercuts, Nutrishop, Sushi King and Cold Stone Creamery. Passco was represented in-house by Alan Clifton, while the seller, Southern & Unser LLC, was represented by Jim Wible of NAI Maestas & Ward.
SORRENTO MESA, CALIF. – Mesa Rim Corporate Center, a 23,277-square-foot flex industrial building in the Sorrento Mesa region of San Diego, has sold to SR Commercial for $2.12 million. The property is located at 6675 Mesa Ridge Road. SR was represented by Vincent Punzi with VPC. The seller, ECT Mesa Ridge, LLC, was represented by Paul Komadina of CBRE Private Capital Group, along with Paul Lafrenz of CBRE Private Capital Group.
BUCKEYE, ARIZ. — Elianto LANDVEST has purchased about 2,389 acres of land at the northeast corner of Sun Valley Parkway and Thomas Road in Buckeye for $7.4 million. The buyer is an entity formed by LANDVEST North America of California. The land is part of a former Lennar project that was fully entitled and ready to break ground. LANDVEST plans to hold the property and re-introduce it for development at an appropriate time. The company was represented by John Finnegan, Chaz Smith and Ramey Peru of Colliers International’s LandSource Group. The seller, Bank Midwest, was represented by Ryan Semro, Bret Rinehart and Ben Heglie of Land Advisors.
LAS VEGAS — The 114,500-square-foot Konami Gaming Building in Las Vegas has sold to Konami Digital Entertainment for an undisclosed amount. The built-to-suit facility is located within the Hughes Airport Center. The seller was CIP.
PLAYA VISTA, CALIF. — California Pizza Kitchen (CPK) has leased 33,000 square feet for its corporate headquarters at 12181 Bluff Creek Drive in Playa Vista, a Los Angeles submarket. The headquarters will reside within a 240,000-square-foot, Class A office building that was developed by Lincoln Property Company. The building is now owned by JP Morgan. This space is a portion of the square feet leased by Fox Interactive Media in 2008. CPK has signed an approximate nine-year sublease at the building. Dave Toomey and Brian Davies of Cresa Los Angeles represented California Pizza Kitchen. Fox Interactive Media was represented by Eric Duncanson and Gideon Orion of Cushman & Wakefield.
AMERICAN CANYON, CALIF. — A 284,000-square-foot winery, warehouse and distribution facility in American Canyon that is fully leased to the Hess Collection Winery has sold to an unnamed buyer for $27.8 million. The facility is located at 1166 Commerce Blvd. The seller was represented by Doug Longyear, Andy Bogardus and Chris Sheldon of Cassidy Turley’s Net Leased Investment Services.