BALDWIN PARK, CALIF. — NorthMarq Capital has arranged $6.5 million in permanent financing for the 24,605-square-foot Baldwin Park Towne Center in Baldwin Park. The single-story inline retail building was built in 1987. Notable tenants include Verizon Wireless, GameStop and AT&T. Financing was arranged by the firm’s John M. Stewart and Brock Yaffe through a correspondent relationship with one of NorthMarq’s life insurance companies.
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ATWATER, CALIF. — Dollar Tree has leased 9,264 square feet at Applegate Ranch Shopping Center in Atwater. The 464,136-square-foot shopping center’s anchors include Super Target, Walmart, Marshalls and PETCO. Dollar Tree was represented by Rick Amerine of Commercial West Associates. Applegate’s owner, Regency Centers, was represented in-house byMichael Arfsten of Retail California.
CUPERTINO, CALIF. – Roamware has relocated its headquarters and tripled its space by leasing an office at 20401 Stevens Creek Blvd. in Cupertino. It was previously located at 3031 Tisch Ave. in San Jose. The mobile solutions provider was represented by Sushma Malhotra and Mike Mordaunt of CresaPartners in San Jose. The building’s landlord, De Anza Properties, was represented in-house by Carla Wilkey.
MOUNTAIN VIEW, CALIF. – Synopsys and 690 E. Middlefield Road Fee, a joint venture of Dostart Development Company and Rockwood Capital, have entered into a long-term lease agreement for a new Class A office campus in Mountain View. The project is located at 690 E. Middlefield Road and is entitled for 340,000 square feet. It is scheduled to open in 2015 and is designed to achieve LEED-Gold certification. Synopsys was represented by Warren Wixen and Scott Flanagin of Warren Wixen Real Estate Services, and Gregg von Thaden and Jeffrey Nochimson of Colliers International. The joint venture was represented by Phil Mahoney, Jeff Arrillaga and Kevin Cunningham of Cornish & Carey Commercial Newmark Knight Frank.
WOODLAND HILLS, CALIF. — Music Reports has leased 31,630 square feet at 21122 & 21204 Erwin Street in the Warner Center area of Woodland Hills. This additional space will allow Music Reports to expand with its growing business. It also occupies an adjacent building. Jay Rubin and Marc Spellman of Lee & Associates-LA North/Ventura represented both the tenant and the landlord, Turnberry Properties, in this transaction.
PHOENIX – The 48-unit Continental Apartments in Phoenix has sold to FRI Continental LLC for $1.25 million. The apartment community is located at 1030 N. Third Street. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both the buyer and the seller, PMCM I LP.
TEMPE, ARIZ. – Normal Junction, a two-building, 140,000-square-foot warehouse/distribution center in Tempe, has sold to BlackRidge Real Estate Group for $7.65 million. The buildings are situated on 7.22 acres at 1895 South Los Feliz Drive and 1715 South Holbrook Lane. Cushman & Wakefield’s Mark Detmer, Bo Mills, Will Strong and Jackie Orcutt represented both the buyer and the seller in this transaction. The team will continue to act as the property’s exclusive leasing agent. Normal Junction is currently home to General Dynamics and Jabil Circuit, among other tenants. There is one 20,000-square-foot unit currently available.
CHINO, CALIF. — The Carson Companies has retained Grubb & Ellis’ Mark Kegans and Ron Washle, senior vice presidents in the firm’s Industrial Group, to market and lease its new 398,000-square-foot speculative industrial development inside the Chino South Business Park. Kegans and Washle will carry out this task alongside their firm’s Global Logistics practice group. The facility is currently seeking LEED certification. It is scheduled for completion in the first quarter of 2012.
REDWOOD CITY, CALIF. – A 5,985-square-foot office property located at 2944-2946 Broadway Street in Redwood City has sold for $1,425,000. The buyer plans to renovate the facility before moving into its vacant space. The property is currently 50 percent leased to the U.S. Government and the Veteran’s Center. It was marketed exclusively by Bill Allen, an investment specialist in Marcus & Millichap’s Palo Alto office.
FULLERTON, CALIF. – Johnson Capital has arranged a $6-million loan secured by Harbor Medical, a 30,786-square-foot medical office building in Fullerton. The debt was provided by a local bank. The non-recourse loan features a fixed rate of less than 5 percent for seven years. There are no pre-payment penalties. The loan was arranged by Greg Richardson, managing director, and Scott Watson, vice president of Johnson Capital’s Irvine, Calif., office.