SALT LAKE CITY — The Surgical Weight Loss Center of Utah has purchased the 6,216-square-foot Madison Building located at 100 S. 1046 E. in Salt Lake City. Terms of the deal were not disclosed. NAI Utah’s Jim Balderson and Collin Perkins represented the seller, Madison Building LLC, in the transaction. Built in 1956, the original two-story property was torn down by developers Jim Jensen and Rebecca Maw of Madison Building LLC, who completed a new building on the site earlier this year.
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REDMOND, WASH. — Five Guys Burgers and Fries has leased 2,475 square feet at Regency Centers’ Overlake Fashion Plaza, located at 2150 148th Ave. NE in Redmond. Terms of the deal were not disclosed. The commitment by the quick-service provider of freshly made burgers, hot dogs and fries will bring the 80,555-square-foot center to 100 percent occupancy when the restaurant opens for business this summer. Angela Oliveri of First Western Properties represented the tenant in the transaction, and Leibsohn & Co.’s Tyler Jones represented the Jacksonville, Fla.-based shopping center owner, operator and developer. The lease agreement constitutes the second Five Guys Burgers and Fries restaurant in Regency’s Pacific Northwest portfolio.
EL DORADO HILLS, CALIF. — Grubb & Ellis has brokered the sale of a 17,603-square-foot office building, located at 1104 Investment Blvd. in El Dorado Hills. Represented by the brokerage firm’s Clyde Rawlings, Thomas Walcott and Toss Vallentine, DST Realty sold the property to Frontier Dental Laboratories. Terms of the deal were not disclosed.
GARDEN GROVE, CALIF. — NAI Capital has brokered the $5.64 million sale of a 44,066-square-foot retail property located at 9912-9952 Katella Ave. in Garden Grove. Represented by Flag Financial Realty’s Ahmed Alam, Garden Grove Town Center Plaza purchased a portion of the Albertsons-anchored center from LNR Partners in order to open an ethnic market. NAI Capital’s Fariba Kavian represented the seller in the transaction.
SANTA ANA, CALIF. — NAI Capital has brokered the more than $4.1 million sale of a 49,506-square-foot industrial building located at 2249 Yale Street in Santa Ana. The brokerage firm’s J.R. Williamson and Chip Dever represented the seller, a private family trust, in the transaction, and Prestige Realty Group’s Joseph Muljana represented the buyer, JP California Property Management LLC.
BREA, CALIF. — Lee & Associates has brokered the $3.3 million purchase of a 32,842-square-foot industrial building located at 1545 Moonstone Street in Brea. The brokerage firm’s Luke Hudson and Scott Seal represented the buyer, Nail Harmony, in the transaction, and CB Richard Ellis’ Tom Dorman and Ian Britton represented the seller, Cohen Asset Management.
LOS ANGELES — An affiliated entity of L.A. Family Housing (LAFH) has acquired more than an acre of land in the northeast Los Angeles community of Tujunga with plans to build 48 units of permanent, supportive housing. Represented by Capital Realty Solutions’ Ash Joshi, Day Street LP purchased two vacant parcels comprising 47,655 square feet of land at 7655 Day St. BRC Advisors’ Ram Rafiee represented the seller, Day Street Condominiums LLC, in the $1.58 million transaction.
ORINDA, CALIF. — Newmark Realty Capital has arranged $11.8 million in financing for the 88,000-square-foot Pine Grove Business Center, an office building located in Orinda. Set up by Newmark’s Eric Von Berg and Tom Dao through a life insurance company, the 15-year loan is amortized over 25 years.
LOS ANGELES — Marcus & Millichap has presided over the nearly $1.48 million sale of a seven-unit apartment property located at 13951 Milbank Street in the Sherman Oaks area of Los Angeles. Built in 1990, the apartment building consists of two two-bedroom/two-bathroom loft units, three two-bedroom/two-bathroom units, one one-bedroom/one-bathroom loft unit and one one-bedroom/one-bathroom unit. Marcus & Millichap’s Tony Azzi represented the buyer and the seller, both private investors, in the transaction.
PARKER, COLO. — Goldman Sachs Mortgage Co. has sold a 1,392-square-foot retail building, located at 10502 South Parker Road in Parker, to Dandt LLC. Terms of the deal were not disclosed. Jason Schmidt of Cassidy Turley Fuller Real Estate represented the seller in the transaction.