SAN DIEGO — The 31,960-square-foot Padre Plaza office building, located at 3505 Camino del Rio South in San Diego, has been sold for $3.9 million. Cushman & Wakefield’s Barry Mahlberg and Derek Applbaum represented the seller, Lewis D. Hutchins, Hampshire Investments LLC, in the transaction, and Jerome Sili represented the buyer, Atlantida LLC.
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DENVER — HL Commercial Real Estate has brokered the $22.5 million acquisition of the 135,499-square-foot Quad at Lowry office building in Denver. Located on 8.15 acres, the property is mostly occupied by Kaiser Permanente. HL Commercial’s Tony Diosi represented the Marin County, California-based buyer in the transaction, and Sperry Van Ness’ Dean Corey and Troy Meyer represented the seller, SGMP/Quad at Lowry LP.
WESTMINSTER, COLO. — Marcus & Millichap has brokered the $14.5 million sale of the 118,673-square-foot Mission Commons Shopping Center located at 7615-7689 West 88th Ave. and 8895 Wadsworth Blvd. in Westminster. Anchored by a Sears’ outlet store, Bally Total Fitness and Big 5 Sports, the property comprises two inline strip buildings and a freestanding Long John Silver’s pad site. Marcus & Millichap’s Garrette Matlock and Jon Hendrickson represented the seller in the transaction.
FONTANA, CALIF. — Grubb & Ellis has brokered the $5.1 million purchase of a 90,250-square-foot manufacturing building located at 13470 Philadelphia Ave. in Fontana. Built in 1998, the freestanding building is situated on approximately 6.2 acres of land within close proximity of State Route 60 and Interstate 15. Grubb & Ellis’ Brad Yates represented the buyer, Crown Cedar, in the transaction, and CB Richard Ellis’ Kevin McKenna represented the seller, Operating Engineers Fund LLC.
WILSONVILLE, ORE. — Grubb & Ellis has negotiated a 131,793-square-foot, Class A office lease at 27500 SW Parkway Ave. in Wilsonville. Grubb & Ellis’ David Squire and Jake Lancaster represented the building owner, Washington Capital Management, in the transaction with the lessee, Oregon Institute of Technology, which was represented by Melvin Mark Brokerage Co.’s Pat Schreck and Tim Parker. The college signed a 10-year lease with an option to purchase at the four-story building, which was previously InFocus’ headquarters.
CALIFORNIA — Developers Diversified Realty Corp. has sold three former Mervyn's locations in California — a 75,207-square-foot property at Southland Plaza Shopping Center in San Diego, an 88,223-square-foot property at Westfield Solano Shopping Center in Fairfield and a 79,808-square-foot location at Westfield Eastland Shopping Center in West Covina. Terms of the deals were not disclosed.
SCOTTSDALE, ARIZ. — CB Richard Ellis (CBRE) has negotiated the sale of the 202-unit Desert Parks Vista Apartments, a luxury multifamily community located at 9393 E. Palo Brea Drive in Scottsdale. The purchase price was not disclosed. Built in 2005, Desert Parks Vista was 95 percent occupied at the time of sale. Situated within the exclusive DC Ranch master-planned community, the property includes a resort-style swimming pool with spa, a conference room, a state-of-the-art fitness center and a clubhouse with plasma TV and fireplace. CBRE’s Tyler Anderson and Sean Cunningham represented the Scottsdale-based seller, The PB Bell Cos., in the transaction; the buyer, a company formed by Irvine, Calif.-based PASSCO Cos. LLC, was represented by PASSCO’s Gary Goodman.
IRVINE, CALIF. — Grubb & Ellis has represented Goodyear Investment LLC in its $11.6 million sale of 20 Goodyear, a 135,777-square-foot industrial building located in Irvine. Built in 1983, the single-story manufacturing facility includes dock-high and ground-level loading docks. Grubb & Ellis’ David Kluver and Nick Carey represented the seller in the transaction, and The Heger Company’s Hak Chung represented the buyer, Navien America.
SAN DIEGO — Stoneridge Capital Partners has acquired the 46,620-square-foot Four Governor Park office property located at 5080 and 5090 Shoreham Place in San Diego. The multi-tenant development is currently 90 percent leased. Cassidy Turley/BRE Commercial’s Brian Driscoll represented the seller in the all-cash transaction.
SANTA MARIA, CALIF. — Through its affiliate Union Development Co. (UDC), Los Angeles-based real estate developer Barker Pacific Group has acquired A-American Self Storage, a self-storage and RV-storage facility in Santa Maria, for $4.5 million. Purchased from A-American/Santa Maria Storage Partners, the facility will be re-branded under UDC’s Storage Solutions name. The acquisition includes 108,564 square feet of rentable space across 849 storage units and 99 RV parking spaces on 5.65 acres.