OXNARD, CALIF. — Industrial Park Associates has negotiated the $1.95 million purchase of a 7,200-square-foot building, located at 1720 Mountain View Ave. in Oxnard. IPA’s Michael Wax represented the buyer, Juan & Amelia Lujan of J & A Precooling, in the transaction, and CB Richard Ellis represented the seller, N & H Enterprises LLC.
Western
FT. COLLINS, COLO. — 314 East Mountain LLC has purchased an 11,600-square-foot office condo, located at 200 South College Ave. in downtown Fort Collins, from Front Range Land Resources for $1.35 million. Chrisland Commercial Real Estate’s Ryan Schaefer and Jake Hallauer were the listing brokers; Bill Reilly of Sperry Van Ness/The Group Commercial LLC also assisted in closing the transaction.
TUCSON, ARIZ. — 2470 Majestic LLC has purchased 17,664 square feet of industrial space, located at 2470 W. Majestic Park Place in Tucson, from Commerce Drive & W. Majestic LLC for $1 million. PICOR Commercial Real Estate Services’ Pat Welchert represented the buyer in the transaction, and Ron Zimmerman of Grubb and Ellis represented the seller.
COLORADO SPRINGS, COLO. — The Korte Co. has broken ground for a $9.5 million exercise facility addition at the United States Air Force Academy in Colorado Springs. The St. Louis-based design-build construction firm will compose approximately 37,390 square feet of space for weight training (both free and machine), aerobic conditioning, Physical Fitness Test-specific exercises, floor aerobics, fencing and spin-cycling classes. Slated for completion in early 2012 and designed to achieve LEED Silver certification, the facility will utilize tilt-up concrete panels with a marble stone veneer to match the existing U.S. AFA building.
CARSON, CALIF. — Watson Land Co. has leased a 148,725-square-foot industrial property, located on 7.81 acres at 2116 E. 220th Street in Carson, to OHL. Terms of the deal were not disclosed. Situated within the master-planned Watson Corporate Center, the LEED Gold-certified property includes 32 dock-high loading positions, a 185-foot truck turning radius and a 32-foot ceiling clearance. Pro Venture’s Doug McDowell and L2 Cos.’ Lewis Latimer represented OHL in the transaction; WLC was represented in-house by Lance Ryan and Mike Bodlovich.
LOS ANGELES — Hendricks & Partners has brokered the almost $3.53 million sale of National Townhomes, located at 9101 and 9115 National Blvd. in Los Angeles. Consisting of two-bedroom/two-and-a-half-bath units, the 5-unit property at the former address sold for nearly $1.43 million, and the 7-unit property at the latter address, which includes two three-bedroom, two-and-a-half-bath units, traded for $2.1 million. The properties were built in 2003 and 2004, respectively. Hendricks & Partners’ David Harrington represented the Torrance, Calif.-based seller, Equity Holdings LLC, in the all-cash transaction, and Grub & Ellis' Dana Brody-Thaw represented the Beverly Hills-based buyer, National Ten Management LLC.
LOMA LINDA, CALIF. — DMP Properties has purchased a 16,836-square-foot retail building, located at 25710 Barton Road in Loma Linda, from a private investor for $3.6 million. Cassidy Turley BRE Commercial’s Chuck Klein and Kevin Held represented the seller in the transaction; the buyer’s representation was not disclosed.
OAKLAND, CALIF. — Marcus & Millichap has brokered the nearly $3.08 million sale of the 22-unit Fontana Lee East Apartments, located at 290 Lee St. in Oakland’s Adams Point neighborhood. Built in 1968 by Santos Construction, the multifamily property consists of 15 one-bedroom/one-bath units, six two-bedroom/two-bath units and one large two-bedroom/two-bath penthouse with a wood-burning fireplace. Marcus & Millichap’s Kevin Turner represented 290 Lee Street LLC in its disposition of the 21,052-square-foot property to Leeward Ventures LLC.
CITY OF INDUSTRY, CALIF. — Colliers International has negotiated a 5-year lease for a 155,992-square-foot industrial building, located at 14255-14317 Lomitas Ave. in the City of Industry. Built in 2001, the state-of-the-art facility will be used as a warehouse by the new tenant, HOT Services, which was represented by IDS Real Estate Group. Colliers International’s Steve Bellitti, Tom Taylor and Tony Phu represented the Orange County-based landlord, Lomitas LP, in the $3.1 million transaction.
AURORA, COLO. — Marcus & Millichap has presided over the $2.23 million sale of the 57,800-square-foot Kingsborough Crossing, located at 16724 East Iliff Ave. in Aurora. The retail property was renovated in 2007 and approximately 87 percent leased at time of closing. In a transaction involving two limited-liability companies, Marcus & Millichap’s Barry Higgins and Jason Ferdig represented the buyer, and Higgins represented the seller.