PHOENIX – Goodwill has leased a 50,000-square-foot space at the northwest corner of Thomas Road and 32nd Street in Phoenix. The company will be expanding and relocating to this new space once it opens in early 2013. Goodwill was represented by Andy Kroot of Velocity Retail. The landlord, Bodega Latina Corporation, was represented by Ed Beeh and Robbie Petty of SRS Real Estate Partners.
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OAKLAND, CALIF. – The 39-unit Kensington Plaza apartments in Oakland has sold to a limited liability company for $2.47 million. The community was built in 1928 and is located at 1757 26th Ave. David Wolfe of Marcus & Millichap represented both the buyer and the seller, a government agency, in this transaction.
OTAY MESA, CALIF. – JJB Silverhawk, a Hamann partnership, has purchased 16.6 acres of commercial land in Otay Mesa for $3.8 million. The lot is currently entitled for 335,000 square feet of warehouse/manufacturing space. This is Hamann’s third Otay Mesa purchase within the past eight months. CBRE’s Rob Hixson and Rich Kwasny represented both the buyer and the seller, South Bay Distribution, LLC, in this transaction.
SAN DIEGO – Qualcomm Incorporated has leased 46,411 square feet of office space in San Diego. The property, which is located at 5505 Morehouse Drive, is a part of a closed-end fund managed by Grosvenor Fund Management. The new 72-month lease brings the building to full occupancy. Qualcomm represented itself in the transaction, while the landlord was represented by Tom Mercer, Ty Moffatt and Scott Moffatt of Colliers International.
TORRANCE, CALIF. – A2,180-square-foot retail property in Torrance has sold to Bobecka LLC for $1.75 million. The free-standing building was constructed in 1973. Sheri Messerlian and Damon Wyler of NAI Capital’s South Bay office represented both the buyer and the seller, Rosenbaum, in this transaction.
HILLSBORO, ORE. – Technology Center One and Two, a pair of office and technology buildings in Hillsboro, has sold to Watumull Properties Corp. for $6.9 million. The buildings contain a total of 95,000 square feet located in the city’s Sunset Corridor. Keith Young of Kidder Mathews represented both the buyer and the seller, BH Properties, in this transaction. Young and Joshua Swartz, also of Kidder Mathews, have been selected to fill the centers’ remaining vacancies.
THORNTON, COLO. – Riverdale Shops, an 11,127-square-foot retail building in Thornton, has sold to Hyde Grandchildren, LLC for $2.7 million. The building is located at 12840 North Holly Street. It was built in 2008 and was fully occupied at the time of sale. The buyer was represented by Tom Ethington and Rob Edwards of Pinnacle Real Estate Advisors. The unnamed seller was represented by CBRE’s Riki Hashimoto and Dan Grooters.
MIDVALE, UTAH – Woodbury Strategic Partners Fund has purchased Midvale Plaza, a 105,174-square-foot retail strip center in Midvale. The sales price was not disclosed. The property is located at 73 West 7200 South. Tod Jones of Marcus & Millichap’s Salt Lake City office represented the seller, a national real estate developer, and procured the buyer in this transaction.
CARLSBAD, CALIF. – A 75,160-square-foot, Class A office building in Carlsbad has received $10.2 million in financing. The building is located at 5791 Van Allen Way. It was built in 1999 and is fully leased on a triple-net lease basis to Life Technologies. The loan was arranged for Mararisk Carlsbad, LLC by Mararisk Carlsbad, David Bleiweiss and John Chun of HFF.
DINUBA, CALIF. – Mercantile Row Shopping Center, a 98,520-square-foot shopping center in Dinuba received $2.85 million in first-mortgage financing. The center is located at 2100-2242 E. El Monte Way. Financing was based on a one-year, interest-only term for about 73 percent of the discounted payoff amount. Financing was arranged by Michael Elmore and David Blum of NorthMarq’s Los Angeles office through its relationship with a hard money lender. .