HILLSBORO, ORE. — StanCorp Real Estate LLC has sold Tanasbourne Lot 19 – Retail, a three-building property located at 2550-2770 NW 188th Ave. in Hillsboro, to Atlas Investments for $7.1 million. NAI Norris, Beggs & Simpson Chris Johnson and MaryKay West represented the seller of the 21,154-square-foot complex, site of Stanford’s Restaurant & Bar, Red Robin and U.S. Bank. The 7-acre, NNN-leased property is situated in the Tanasbourne community near the Intel campus, the new Kaiser Westside Medical Center, and the Genentech and SolarWorld locations.
Western
TACOMA, WASH. — Marcus & Millichap has closed the nearly $1.87 million sale of a 3,723-square-foot Burger King, located at 1420 72nd Street East in Tacoma. The brokerage firm’s Peter Nisbet represented the seller, Emerald Land Assets LLC, in the transaction, and Sean Shiau of GLC RE Group represented the buyer, Emerald CT Investment Corp.
SAN JOSE, CALIF. — Holliday Fenoglio Fowler LP has arranged $9.99 million in refinancing for a 166,600-square-foot industrial/warehouse facility located at 940 Remillard Court in south San Jose. Originally built in 1976 and situated on 7.6 acres close to Interstates 101 and 280 and the San Jose International Airport, the property was fully renovated in 2000 and 2008. On behalf of Remillard Court Holdings LLC, HFF’s Peter Smyslowski and Kevin Redford placed the 5.98 percent fixed-rate loan with Wells Fargo Bank. Retiring a maturing loan on the fully leased property, the refinancing has a 10-year term and 30-year amortization schedule.
LOS ANGELES — Committing to its 15th new location in the past 22 months and its 24th location in Los Angeles County, Premier Business Centers will set up shop at the prestigious AT&T Center, located at 1150 South Olive Street in the City of Angels. Opening at the end of February on the 20th floor of the 32-floor skyscraper, PBC's new executive suite will feature 39 offices and two conference rooms. Companies renting in the 10,319-square-foot facility will share the use of a receptionist, a mailroom, a waiting area and kitchen/lounge/cafe.
MESA, ARIZ. — Colliers International has negotiated the $3.4 million acquisition of the 67,208-square-foot Pennington Place, a two-story, garden office building located at 1855 W. Baseline Road in Mesa. Colliers’ Todd Noel represented the buyer, Community Bridges, in the transaction, and Cassidy Turley BRE Commercial’s Steve Lindley, Robert Buckley and Tracy Cartledge represented the local seller, The Cardon Group. The private non-profit organization’s corporate headquarters will occupy 20,000 square feet; 56 percent of Pennington Place is currently leased.
LOS ANGELES — NAI Capital has presided over the $2.6 million sale of a 16,770-square-foot correctional facility located at 8141 Orion Ave. in the Van Nuys area of Los Angeles. The halfway house is situated on 25,735 square feet of land. NAI Capital’s Chuck Carmichael represented both the buyer, Behavioral Systems Southwest, and the seller, William S. Heller Co., in the transaction.
ALBUQUERQUE, N.M. — NAI Maestas & Ward Commercial Real Estate’s Jim Hakeem represented Twisters in the purchase of a 25,000-square-foot parcel of vacant land in the retail center located near the northwest corner of Paseo del Norte and Wyoming in Albuquerque. Terms of the deal were not disclosed. According to NAI Maestas & Ward, the acquisition will accommodate the fast-casual restaurant company’s 15th location.
MOUNTAIN VIEW, CALIF. — Cassidy Turley BT Commercial Palo Alto has presided over the $8.55 million investment sale of a 23,611-square-foot Class A office building, located at 800 California Street in downtown Mountain View. The three-story, multi-tenant building was fully leased at the time of trade. In the transaction, Cassidy Turley’s Brian Henry, Kalil Jenab and Mike represented both the buyer and seller, Menlo Park, Calif.-based Peninsula Land & Capital LLC and 800 California LLC, respectively.
SAN DIEGO — Jones Lang LaSalle has closed a $13.5 million lease renewal and expansion at the San Diego Tech Center, a landmark, Class A complex located at 9645 Scranton Road in the Sorrento Mesa area of San Diego. The new 60-month lease totaling more than 96,000 square feet renews Novatel Wireless’ commitment for four suites at the property and adds 20 percent more space. Jones Lang LaSalle’s Jay Alexander, Chad Urie and Tim Olson represented MPG Office Trust – San Diego Tech Center in the transaction, and Cushman Wakefield’s Dennis Hearst and David Viani represented the tenant. The San Diego Tech Center includes a five-acre Japanese garden and an on-site Karl Strauss Brewery.
POMONA, CALIF. — On behalf of Structural Composites Industries, The Saywitz Co. has negotiated an 11-year, $11 million manufacturing and industrial lease for 173,200 square feet at 336 Enterprise Place in Pomona. Barry Saywitz of the Newport Beach, Calif.-based brokerage firm represented the tenant in the transaction; the seller, TA Realty Associates, was represented by Davis Partners.