CHANDLER, ARIZ. – Infusionsoft has leased a 92,109-square-foot office building that is currently being built in Chandler. The property, located at 1260 S. Spectrum Blvd., broke ground in January 2012. It is expected to be completed and occupied later this year. Infusionsoft was represented by Eric Jones of Commercial Properties. The building owner and developer, Douglas Allred Company, was represented by Mark Krison and Scott German of CBRE’s Phoenix office.
Western
VISALIA, CALIF. — Visalia Mini Storage, a 66,040-square-foot Self-Storage Facility in Visalia, has sold to an unnamed buyer for $2.7 million. The property was built in 1990 and is located at 725 North Plaza Drive. Christopher R. Secreto represented the seller, a partnership, in this transaction.
SAN DIEGO — HS Partners, LLC has purchased a six-property multifamily portfolio in San Diego for $9,331,000. The portfolio contains 51 units in the city’s North Park and University Heights neighborhoods. The buyer was represented by Robert Vallera of Voit Real Estate Services. The sellers, Goel Trusts A and B, were represented by Chris Siedenburg of Apartment Consultants, Inc.
LOS ANGELES — Nami Media has leased 11,700 square feet inside an office building that is part of the Howard Hughes Center in Los Angeles. The space resides within a 336,000-square-foot, Class A office building at 6701 Center Drive. The company is relocating from its Venice Boulevard location in West Los Angeles. The new space will allow Nami to expand its operation. Brian Davies and Dave Toomey of Cresa Los Angeles represented the tenant, while the landlord, Equity Office Properties, was represented by Rick Buckley and Beau Rawi of LA Realty Partners.
AURORA, COLO. — The Glenview Apartments, a 48-unit apartment community in Aurora, has sold to Elesyah, LLC for $1.75 million. The property is located at 16300 East Colfax. It was 98 percent occupied at the time of sale. Brice W. Head of Pinnacle Real Estate Advisors represented both the buyer and the seller, Glenview, LLC, in this all-cash transaction.
BUENA PARK, CALIF. — Commerce Center at Buena Park, a two-building industrial/cold storage facility, has sold to an undisclosed buyer for an undisclosed sum. The 84,600-square-foot building at 6625 Caballero Blvd. is fully leased to Legacy Farms, while the 140,000-square-foot building at 6535 Caballero Blvd. is fully leased to Fresh Food Concepts. CBRE’s Darla Longo, Barbara Emmons, Art Rasmussen and Rick McGeagh represented both the buyer and the seller, a joint venture between affiliates of Westcore Properties and Dune Real Estate Partners LP, in this transaction.
MESA, ARIZ. – A 336-unit Mesa apartment building has received a $7-million loan. The loan carries a three-year term with the first 18 months being interest only. It was arranged by Neal Churney of Johnson Capital and provided by a regional bank. The borrower recently acquired the garden-style apartment.
SOUTH LAKE TAHOE, CALIF. – The 58-room Ambassador Hotel in South Lake Tahoe has sold to an unnamed buyer for $1,475,000. It is located at 4130 Manzanita Ave. The property was built in 1981. The seller, a private investor, was represented by Taylor Flynn of Marcus & Millichap’s Oakland office. The buyer was represented by Adam Levin and Philip Batlin of the firm’s Palo Alto and San Francisco offices.
BOULDER CITY, NEV. — Los Posados Shopping Center, a 26,192-square-foot retail center in Boulder City, has sold to Los Posados Plaza, LP, for $2,277,250. The center is located at 802 Buchanan Blvd. Notable tenants include Radio Shack, Great Clips, The UPS Store and Anytime Fitness. The seller, GMACCM Note #802, LLC, represented itself in this transaction.
FULLERTON, CALIF. — Progressive Marketing Products/Premier has signed a five-year lease for 62,396 square feet of industrial and office space in Fullerton. The Class A facility is located at 1321 State College Blvd. Progressive was represented by Ian Britton and Clyde Stauff of Colliers International. The landlord, DSA State College Business Park, LLC, was represented by Britton and John Long, also of Colliers.