CONCORD, CALIF. – The Fresenius USA building, a 152,000-square-foot, single-tenant office/R&D building in Concord, has received a $4.5-million mezzanine loan. The building is fully leased to Fresenius USA, a subsidiary of Fresenius Medical Care AG & Co KgaA. It serves as the company’s North America medical equipment manufacturing facility. The financing allowed the building’s owner, Harvest Properties, to purchase, renovate and expand the property to 183,149 square feet. The investment was made on behalf of Pearlmark Mezzanine Realty Partners III. The transaction was arranged by Bill Swackhamer and Rachael Litvin of Pearlmark Real Estate Partners.
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SANTA CLARA, CALIF. – ATopTech has leased 26,000 square feet of office and R&D space in Santa Clara. The company is relocating to 2111 Tasman Drive from 3099 North First Street in San Jose. The new space will serve as the company’s headquarters. ATopTech was represented by Mike Mordaunt and Scott Kinder of Cresa San Jose. The landlord, RREEF, was represented by CBRE’s Joe Kelly and Rob Shannon.
CULVER CITY, CALIF. – Gentleman Scholar multimedia production studios has leased 7,322 square feet at Blackwelder, a 6.4-acre creative office and media campus in Culver City. The long-term lease is valued at $2.5 million. Other tenants at the center include The Mill, Hungryman, On Board Entertainment, Soap Creative and Bandito Films. The landlord, Alcion Ventures, was represented by Jim Jacobsen and Scott Rigsby of Industry Partners.
LONG BEACH, CALIF. – The 160-unit Archstone Long Beach Harbor has sold to Kennedy Wilson and one of its investment partners for $26.8 million. The Long Beach complex was built in 1999 and features 9,500 square feet of retail space. Fannie Mae provided the financing at a 3.665 percent fixed interest rate for 10 years. Kennedy Wilson plans to rebrand the property as Westerly on 3rd.
RENO, VERDI AND DAYTON, NEV. — Affinity Gaming, LLC has agreed to sell three of its non-core, Northern Nevada casino properties to Truckee Gaming, LLC for $19.2 million. The casinos are located in Reno, Verdi and Dayton. Affinity Gaming’s current COO, Ferenc Szony, will be leaving the company to serve as a managing principal at Truckee Gaming.
IRVINE, CALIF. – The Cheesecake Factory has purchased a 29,074-square-foot office building in Irvine for $4.7 million. The company plans to house its design division in the new space, which is located at 19 Corporate Park. The Cheesecake Factory was represented by Trent Walker of Voit Real Estate Services’ Irvine office. The sellers, Richard C. and Betty Jane Farrell, were represented by CBRE’s Richard Pincott.
LIVERMORE, CALIF. – Pacific Corporate Center, a 208,000-square-foot complex in Livermore, has sold to an entity controlled by Vertical Ventures Capital LLC and their JV equity partner for an undisclosed sum. The five-building complex is located at 7005 Southfront Road, 7401-7501 Longard Road and 501 Lawrence Road. Dan Bergen, Michael Lloyd and Andy Zighelboim of Colliers International represented both the buyer and the seller, Greenville Investors, an affiliate of Pacific Union Holdings, in this transaction.
BROOMFIELD, COLO. – The 82-unit Courtyard Apartments in Broomfield has sold to a private individual for $5.4 million. The property was 91 percent occupied at the time of this REO sale. The seller was represented by Terrance Hunt and Shane Ozment of ARA Colorado.
COSTA MESA, CALIF. – The 40-bed Autumn Years at Newport Mesa has received a $5.14-million loan refinancing. The facility was built in Costa Mesa in 1999. It specializes in memory impairments like Alzheimer’s, Parkinson’s and other related dementias. Financing was secured by Artin Anvar of Love Funding’s Washington office. It was arranged for AY Newport Mesa LP.
SAN MARCOS, CALIF. – A 47,037-square-foot industrial property in San Marcos has sold to SR Commercial for $3.67 million. The property is located at 120 Mata Way. The four-tenant property was vacant at the time of sale. Henry Zahner and Jon Busse of Colliers International represented both the buyer and the seller, Ontel Products, in this transaction. Zahner and Busse are also the exclusive leasing agents on the building.