SAN DIEGO — Canyon Terrace, a 28,444-square-foot industrial property in San Diego, has sold to Prinbo, LLC for $2.9 million. Prinbo soon plans to relocate its company, Swagelok, to the flex building. The company was represented by Glenn Arnold of Cassidy Turley. Randy LaChance and Jon Danton out of Voit’s San Diego office represented the seller, LMC Camino Santa Fe.
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MISSION VIEJO, CALIF. — The 52,091–square-foot Mission Foothills Professional Building in Mission Viejo has sold to Providence Mission Foothills for $6.5 million. Providence plans to lease the vacant space inside the Class A office building. The company was represented by Stan Tomer of CBRE. Dan Vittone, Alan Pekarcik and Tim Walker of Voit’s Irvine, Calif., office represented the seller, special servicer Orix Capital Markets, LLC.
PHOENIX — Higley Village, a 44,484-square-foot mixed-use plaza in Phoenix, has sold to Jorde Hacienda for $3,750,000 million. The plaza includes 22,527 square feet of retail space throughout three buildings, 21,957 square feet of office space throughout three other buildings, a 3.53-acre parcel that will house a gas/convenience/fast food stop and a .70-acre pad that will house a 33,061-square-foot office building. Higley Village was built in 2007. The retail portion was 31 percent occupied and the existing offices were 80 percent occupied at the time of sale. Jorde Hacienda intends to stabilize and hold the property. Kevin Petersen of Petersen Properties & Management represented Jorde Hacienda. Rick Danis, Paul Boyle, Ryan Schubert and Michael Hackett with Cassidy Turley BRE Commercial’s Capital Markets Group represented the seller, Meridian Bank.
HUNTINGTON BEACH, CALIF. — A new 34,000-square-foot Nordstrom Rack is set to open at Edinger Plaza in Huntington Beach. The store is scheduled to open in fall 2012. Edinger Plaza’s other anchor tenants include Dick’s Sporting Goods, Michaels and PetSmart. The plaza is managed and leased by Watt Companies.
INGLEWOOD, CALIF. — Luxury home furnishings manufacturer J. Robert Scott has signed a 78-month lease extension for a 76,675-square-foot industrial facility in Inglewood. The facility, which is located at 500 N. Oak Street within the Airport Business Park, will serve as the corporate headquarters for his company’s operations. The lease is valued at $4.3 million. Scott was represented by Doug Marshall of Klabin/CORFAC’s Los Angeles office. The landlord, Roxbury Property Management, was represented by F. Ronald Rader, also in the firm’s Los Angeles office.
RENO, NEV. – The 80-unit El Chaparral Apartments has sold for $3,250,000, or $40,625 per unit. The bank-owned community is located near Downtown Reno and the University of Nevada, Reno. It contains 54,800 square feet of rentable space. Scott MacDonald and Ric Russell with Cassidy Turley’s Multi-Family Group represented the seller.
PLEASANTON, CALIF. — Axis Community Health has purchased 5925 W. Las Positas Blvd., a 24,188-square-foot office flex building in Pleasanton. The building was previously occupied by DirectBuy.com. This purchase represents an expansion for Axis, which is relocating their health center and headquarters from its current location on nearby Railroad Avenue. Mark Triska of Colliers International represented Axis. Anton Qui with TRI Commercial represented the seller, Cathay Bank.
MURRIETA, CALIF. – The 60,390-square-foot Margarita Center in Murrieta has sold to Mon Mon, LLC for $8.5 million. Mon Mon plans to lease the center’s remaining vacant space. The company was represented by Todd Holley in Voit’s San Diego office. CBRE’s John Read, Patrick Toomey and Phillip Voorhees represented the seller, MS Kearny CPB 3 LLC.
BELLEVUE, WASH. – The Avalon Meydenbauer Shopping Center in Bellevue has received $6.8 million in financing. The mixed-use development was built in 2007 and contains a North Building and a South Building. The North Building features 9,601 square feet of retail, while the South Building boasts 9,837 square feet of retail for a total of 19,438 square feet. The center also features a 55,000-square-foot Safeway and five levels of apartments atop the retail. Neither was included in this collateral. Financing was arranged by John M. Stewart and Brock Yaffe out of NorthMarq’s Denver office for the California-based borrower.
SAN BERNARDINO, CALIF. — Grant & Bowman have signed a 36-month lease for a 141,200-square-foot industrial space at 1050 Orange Show Road in San Bernardino. The company was previously located in nearby Ontario. It was represented by Jeff Smith of Lee & Associates’ Ontario office. The landlord, Investment Building Group, was represented by Herrick Johnson of Lee & Associates’ Riverside office.