LOVELAND, COLO. — Golden Corral will be opening an 11,270-square-foot establishment at Van de Water, McWhinney’s 370-acre mixed-use development located at Highway 34 and Sculpture Drive in Loveland. Situated directly across from Kohl’s department store, the family-friendly buffet and grill restaurant will be able to accommodate 398 guests when doors open in August.
Western
HAWTHORNE, CALIF. — Marcus & Millichap has negotiated the almost $6.73 million purchase of an 81-unit apartment property located at 13715 Cordary Drive in Hawthorne. The brokerage firm’s Gordon Reese represented the buyer, a limited-liability company, in the transaction.
SANTA CLARA, CALIF. — CresaPartners has represented Tellabs Inc. in its 75,000-square-foot office lease at a 300,000-square-foot building located at 4555 Great America Pkwy. in Santa Clara. Terms of the deal were not disclosed. When the mobile technology company relocates next month to the six-story Class A office/R&D property, it will occupy approximately one quarter of the two-building, 600,000-square-foot office park. CresaPartners’ Scott Kinder represented the tenant in the transaction, and CB Richard Ellis’ Bob Steinbock, Christian Marent and Mark Christiersen represented the landlord, Prudential Insurance Co.
ALISO VIEJO, CALIF. — Represented by UGL Services, AVANIR Pharmaceuticals has agreed to relocate its corporate headquarters from 101 Enterprise to 20 Enterprise in Aliso Viejo. Terms of the deal were not disclosed. The publicly traded pharmaceutical company is scheduled to move approximately 60 employees into 29,790 square feet of space, located in a 118,000-square-foot Class A office building on the Summit Campus, at the start of third quarter. UGL’s Drew Netherton and Justin Hodgdon represented the tenant in the lease transaction, and CB Richard Ellis represented the property owner, Parker Properties LP.
RANCHO CUCAMONGA, CALIF. — Marcus & Millichap has negotiated the more than $3.3 million acquisition of a 3,672-square-foot Comerica Bank building, located at 12035 Foothill Blvd. in Rancho Cucamonga. Situated within the Victoria Commons master-planned project, the property is 100 percent net-leased to Comerica with 23 years remaining on the term and two 5-year renewal options. Marcus & Millichap’s Dennis Weisberg and Peter Deltondo represented the private-investor buyer in the transaction.
HENDERSON, NEV. — Gatski Commercial Real Estate Services has closed the $1.39 million sale of a 14,936-square-foot retail property located at 249 N. Stephanie St. in Henderson. Gatski’s Rob Lujan represented Fischer Family Trust in its disposition of the pad building to Stephanie 249 LLC, which plans to convert the former furniture showroom space into a home-improvement/flooring store.
FAIRFIELD, CALIF. — The Silver Group has arranged the almost $1.26 million sale of a Wendy’s restaurant in Fairfield. Greg Cunha of the San Rafael, Calif.-based firm handled the off-market transaction involving a local private investor seeking a Bay Area addition to his portfolio. The new tenant at the fast-food property is a multi-unit franchisee with several Bay Area Wendy’s locations.
SAN DIEGO — Voit Real Estate Services has directed a $1.15 million industrial land deal at 1002 West Juniper Street in downtown San Diego. Voit’s Rex Huffman represented both the buyer, George Khouli of Payless Car Rental, and the seller, Bayview Inn Partners LP, in the transaction. The 20,000-square-foot parcel was formerly used as a parking lot for Greyhound buses.
VENTURA, CALIF. — NorthMarq Capital has arranged $12.5 million in financing for The Palms at Bonaventure, a 97-unit assisted-living and memory-care facility located at 111 North Wells Road in Ventura. Built in 2006, the two-story, 81,330-square-foot building includes a library, a full-service beauty salon/barber shop, whirlpools, and a dining room with fireplace and grand piano. Gordon Mickelson and Angela Jordan of Minneapolis-based NorthMarq arranged the financing for the borrower.
MONTEREY, CALIF. — Walker & Dunlop LLC has provided an almost $6.35 million refinance loan secured by the 70-unit Olympia Pines, a garden-style apartment community located in Monterey. Underwritten to a 58.8 percent loan-to-value, the financing has a 20-year term and a 20-year amortization. Walker & Dunlop’s Verne Murray and Jeffrey Burns led the lending team on the deal. Built in 1965, Olympia Pines includes a recreation building, a swimming pool and a tot lot.