ONTARIO, CALIF. — Western States Technologies has signed a lease for 50,000 square feet at Sky Tech Worldwide’s 90,000-square-foot industrial building near Ontario International Airport. The lease is valued at $1 million. The facility is located at 1975 E. Locust Street. The cable manufacturer will utilize 7,000 square feet of its space for offices, while the remainder will serve as warehouse and distribution space. Walt Arrington and Jeff Linden of CBRE’s Ontario office represented Western States. Mitch Fisher from Jones Lang LaSalle’s Santa Clarita, Calif., office represented Sky Tech Worldwide.
Western
SHERMAN OAKS, CALIF. — The 29-unit Kester House in Sherman Oaks has sold to Lever Apartments LP for $5.45 million. The property was built in 1984, and is located at 5421 Kester Ave. The sale closed at a 5.4 percent cap rate. The buyer was represented by Paul A. Kenworthy of Charles Dunn Company. The seller, a Los Angeles-based private investor, represented itself in the transaction.
LOS ANGELES — AC Martin Partners has signed a long-term lease for 21,648 square feet on the 12th floor of 444 S. Flower Street in Downtown Los Angeles. The company has been occupying the entire 12th floor through a sublease that has been in effect since 2001. Maury Gentile and Sean O’Leary of Grubb & Ellis’ Tenant Advisory Group represented AC Martin Partners. The office building’s owner, Hines Interests L.P., represented itself in the transaction.
SANTA ROSA, CALIF. – Tektronix has leased 10,042 square feet at the Harvest Business Center in Santa Rosa. The company, which tests, measures and monitors instrumentation, plans to develop a Radio Frequency (RF) Design Center at the location. The five-year lease will commence Oct. 1. Tektronix was represented by Sean Heaton of Cushman & Wakefield. Harvest Business Center’s landlord, Basin Street Properties, was represented by Sean Johnson of Keegan & Coppin Company.
LAKEWOOD, COLO. – The three-story, 31,306-square-foot Belmar Medical Center in Lakewood has been sold to Centum Health Properties, LLC for $1,750,000. Built in 1987, Belmar is currently 76 percent leased. The seller, Coolidge Lakewood Equities, LLC, was represented by Brad Cohen and Larry Thiel of Transwestern.
HENDERSON, NEV. — Mammoth Henderson Center, a 91,636-square-foot office and retail center in Henderson, has sold to Henderson I LLC for $9.5 million. The property was built in 2009, and is currently 40 percent occupied. This was an REO sale. Tom Naseef of Distinct Real Estate Advisors represented both the buyer and the seller, SA California Group, in this transaction.
WOODLAND HILLS, CALIF. — LandMark Retail Group, a subsidiary of NewMark Merrill Companies, has partnered with Accubranch, a strategic planning and market research group that provides real estate advice to the banking industry. “Our partnership with Accubranch expands LandMark Retail Group’s services, providing in-depth analytical data and market research utilized by national retailers together with industry specific data to local regional and community banks that may not otherwise have these essential tools. The sophisticated research provided by Accubranch, combined with LandMark’s market knowledge and experience acquiring and delivering high-traffic sites in densely populated markets, allows us to provide complete real estate strategy and growth solutions to our clients,” said Jeremy Just, principal and CEO of LandMark Retail Group, in a statement.
WEST SAN JOSE, CALIF. — Sunflower Farmers Market has signed a long-term lease for 32,952 square feet inside the West Valley Shopping Center in West San Jose. The store is scheduled to open in fall 2012. Sunflower opened its first California-based store in Roseville earlier this year. It is set to open another outpost in Modesto, and three more stores in Silicon Valley in 2012. Sunflower was represented by James Chung and Patrick McGaughey of Terranomics Retail Services.
LAS VEGAS — LBG Realty Advisors, LLC, in partnership with Blue Vista Sponsor Equity Fund II, LLC, an affiliate of Blue Vista Capital Management, LLC, has acquired the Southwest Marketplace in Las Vegas. The Class A, grocery-anchored shopping center contains 118,284square feet of space, including a 65,400-square-foot Smith’s Food and Drug Store and a Smith’s Gas. Smith’s was included in the acquisition. The center was 85 percent leased at the time of closing. The acquisition also includes two completed building pads that can accommodate an additional 68,000 square feet of development. LBG will be leasing the property, and is in negotiations now with prospective anchor tenants for the large development pad. It is also in talks to fill the vacant spaces and small development pad. The development should be completed in 2013.
WEST HILLS, CALIF. – The 39-unit Villas at Sherman Place in West Hills has sold for $12.8 million. Located at 23130 Sherman Place, the Villas was completed in late 2010. It was delivered completely vacant, allowing the new owner, a publicly traded company based out of Los Angeles, the flexibility to either sell the units individually or lease them as townhome apartments. Kitty Wallace of Colliers International’s West Los Angeles office represented both the buyer and the seller, Quality Properties Asset Management Company.