SAN DIEGO — Voit Real Estate Services has completed the $6.7 million sale of the 55,761-square-foot Rancho Serra Mesa Shopping Center, located on 4.69 acres at 3202 – 3304 Greyling Drive and 3332 Sandrock Drive in the Serra Mesa submarket of San Diego. Anchored by a CVS/pharmacy, the property was sold through San Diego-based Douglas Wilson Cos., the receiver, to Beverly Hills-based Omninet Capital LLC. Voit’s Mark Caston, Tony O’Neill and Kendrick Askew represented the seller in the transaction.
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SANTA MONICA, CALIF. — Game Show Network has renewed an approximately 50,000-square-foot lease at the Arboretum Courtyard office complex, located at 2150 Colorado Blvd. in Santa Monica. The producer of nationally televised game shows, including “Wheel of Fortune” and “Jeopardy,” inked a 7.5-year deal at the two-building, 143,555-square-foot property, which was built in 1998. Cresa Partners’ Dave Toomey and Brian Davies represented the tenant in the lease transaction, and Scott Rigsby and Jim Jacobsen of Industry Partners represented the landlord, Equity Office. An Arboretum Courtyard tenant since 2002, GSN currently occupies all but a portion of the ground floor of one of the four-story, Class A buildings. Other notable tenants in the complex include Google, Fentress Architects and Business.com.
LOS ANGELES — Investment Real Estate Associates has negotiated the $3.3 million sale of the 10-unit Wellesley Penthouse Loft Apartments, located at 1250 Wellesley Ave. in west Los Angeles. Built in 1962, the four-story building is situated just one block south of Wilshire Boulevard and two blocks east of the City of Santa Monica border. IREA’s William Everitt and Clark Everitt represented the seller, a private individual, in the transaction, and Darin Beebower of Madison Partners represented the buyer, Wellesley Apartments Partners LLC.
PHOENIX — Affiliates of The Mack Co. have purchased the 75,050-square-foot Whispering Wind Corporate Center, located at 2205 and 2225 W. Whispering Wind Drive in northwest Phoenix, for $5.65 million. Representing the lender, JP Morgan Chase, KM Realty Services’ Kelly McKone was the court-appointed receiver for the property. The previous owner was Vazza Phoenix LLC of Canton, Mass. The two-building, two-story, multi-tenant office complex was roughly 60 percent leased at the time of sale.
TEMPE, ARIZ. — On behalf of Mobile Mini, McShane Construction Co. has completed a 20,000-square-foot office improvement project in Tempe, an expansion that included nine private offices, 158 open workstations, two galley kitchens, one 1,800-square-foot break room, one training room and four conference rooms. The international firm currently occupies 85 percent of the facility, which houses its corporate headquarters and national sales center operations. McCarthy Nordburg Architectural Interior Design provided the architectural services for the project.
DUPONT, WASH. — Marcus & Millichap has negotiated the almost $1.55 million sale of a 5,314-square-foot Jack in the Box, located at 1275 Center Drive in DuPont. Situated within close proximity to the Fort Lewis Army base, the single-tenant, net-leased property incorporates a sublease from Jack in the Box to Chevron Corp. for a convenience store with fuel pumps. Marcus & Millichap’s Dino Christophilis represented the seller, a partnership, in the transaction.
SAN RAMON, CALIF. — William Wei-Ming Ting and Florah Hsieh Ting have purchased a 9,792-square-foot office building, located at 2262 Camino Ramon in San Ramon, from H. Michael Vawter and Charyl D. Vawter for $1.6 million. Grubb & Ellis’ Sonny O’Drobinak represented the buyer in the transaction, and Jeff Weil, Bruce Witt and Eric Erickson of Colliers International represented the seller.
MURRIETA, CALIF. — Voit Real Estate Services has directed the $7.5 million purchase of a 122,935-square-foot industrial property located at 26305 – 26499 Jefferson Ave. in Murrieta. Voit’s Alan Pekarcik, Dan Vittone and Nick Frasco represented the buyer, Frome Realty Fund – Alpha LLC, in the transaction, and Brandon Sudweeks and Matt Haskin of Sudweeks Commercial Real Estate represented the seller, Gateway Business Park LP.
SURPRISE, ARIZ. — Marcus & Millichap has brokered the $6.2 million sale of a portfolio of single-tenant, NNN ground leases in Surprise. The portfolio of ground leases, consisting of four properties leased to Chili's, Olive Garden, Red Lobster and U.S. Bank, encompasses approximately 5.05 acres of land. Marcus & Millichap’s Jamie Medress and Mark Ruble represented the private-investor seller in the transaction.
SANTA ANA, CALIF. — Grubb & Ellis has presided over the $5.3 million sale of the 75-unit Montecito Assisted Living building, located at 2025 N. Bush St. in Santa Ana. Robertson Property Group purchased the building out of foreclosure from Wells Fargo Bank N.A. Grubb & Ellis’ Alan Ursillo, Robert Black and Sean McNee represented both parties in the transaction. Reconstructed in 2008, the facility was 95 percent leased at the time of sale.