MESA, CALIF. — Mitel Networks Corporation has signed a 5.5-year lease for 38,157 square feet of warehouse space at Broadway 101 Commerce Park in Mesa. The warehouse is located at 2160 W. Broadway Road. Mitel plans to use the space as its warehouse distribution center. The company will relocate from its current facility in Tempe this fall. Mitel was represented by Robert Stephens and Tricia Gumulka of Newmark Grubb Knight Frank. The landlord, Lincoln Property Company, was represented by Mike Haenal and Mark Tuite of Cassidy Turley in this transaction.
Western
SOUTH LAKE TAHOE, CALIF. — The 262-room Best Western Plus Timber Cove Lodge in South Lake Tahoe has sold to Urbana Realty Advisors for an undisclosed sum. The seller, the property’s original developer, was represented by Tom Sommer and Mike Armstrong of HREC Investment Advisors.
TEMECULA, CALIF. — A single-tenant Panera Bread in Temecula has sold to a private investor for $2,715,000. The 4,850-square-foot building was constructed in 2010 and is located at 41798 Nicole Lane. Patrick G. Kent of Hanley Investment Group Real Estate Advisors represented both the buyer and the seller, Creekside Retail Investors, LLC, in this transaction.
LOS ANGELES — A 20-unit apartment community located at 225 N. Ave. 53 in the Los Angeles submarket of Highland Park has sold to Remedy Investors 2, LLC for $2,075,000. The property was built in 1991 and was 90 percent occupied at the time of sale. Albert Shilton and Blake Rogers of Charles Dunn Company represented both the buyer and the seller, 225 Avenue 53, LLC, in this transaction.
SAN DIEGO — An 18,000-square-foot residential lot in the College Area of San Diego has sold to Warmington Residential California for $2.7 million. It is fully approved for a 94-bed student housing complex. The lot is located at 6229 Montezuma Road. Warmington represented itself in this transaction, while the seller, Aztec Greystone Associates, was represented by David Santistevan and Gunder Creager of Colliers International of San Diego.
SAN DIEGO — A 31,421-square-foot office building located at 9980 Carroll Canyon Road in San Diego has sold to National University for $5.6 million. The university plans to use this building for administrative and educational purposes. National University was represented by John Bucher of John Bucher Real Estate. The seller, Rancho Santalina, LLC, was represented by Brian Mulvaney, Bruce Sanders, Paul Brown and Matthew Bean of Voit’s San Diego office.
CYPRESS, CALIF. — Chuze Fitness has signed a 10-year lease for 20,250 square feet of space at Cypress Plaza in Cypress. The lease is valued at $2.4 million. Cypress Plaza is located at 9851 Walker Street. Chuze Fitness was represented by Chad Iafrate of Cassidy Turley. The landlord, Broadmarket Plus II, LP, was represented by Kim Watson of Investment Concepts.
WOODLAND HILLS, CALIF. — Patriot National Insurance Group has leased 14,557 square feet of office space at LNR Warner Center IV in Woodland Hills. The company plans to use the space for its regional headquarters. Patriot National was represented by Dan Sanchez and Jim Cahlin of Jones Lang LaSalle. The landlord, LNR, was represented by Sanchez.
HAYWARD, CALIF. – A 108,000-square-foot warehouse located at 31056 Genstar Road in Hayward has sold to Win Woo Trading for more than $7 million. Win Woo plans to expand into the facility, while maintaining its presence at its current 25,000-square-foot facility. The company was represented by Jesse Lucas and Ryan Martens of Lee & Associates Oakland. The seller, Welcome Markets, was represented by CTBT.
LA MIRADA, CALIF. — La Mirada Data Center, a 16,529-square-foot data center in La Mirada, has sold to McKinney Management for $5 million. The center is located at 16680 Valley View Ave. Lynwood Fields of Madison Partners and Gary Weiss of L.A. Realty Partners represented both the buyer and the seller, OneWest Bank F.S.B., in this transaction.