PERRIS, CALIF. — Cassidy Turley BT Commercial has negotiated the almost $2.2 million acquisition of a 3,000-square-foot Jack in the Box building in Perris. Cassidy Turley’s Andy Bogardus and Jay Hagglund represented the buyer, a private investor, in the transaction.
Western
SEATTLE — Amazon.com has signed an approximately 180,000-square-foot lease for the remainder of Class A office space at Vulcan Inc.’s 2201 Westlake in the South Lake Union area of Seattle. The company expects a mid-year move-in at the mixed-use, LEED Gold-certified development, which was completed in July 2009.
PHOENIX — Marcus & Millichap has brokered the $5.5 million sale of the approximately 81,332-square-foot North Valley Medical Plaza located at 3811 E. Bell Road in northeast Phoenix. The brokerage firm’s Steve Gonzalez represented the sellers, Snowflake Holdings LLC and Phoenix North Star Limited Partnership, in the transaction; the buyer was 3811 Bell Medical Properties LLC. Constructed in 1993, North Valley Medical Plaza is located on the Paradise Valley Hospital Campus.
SAN BERNARDINO, CALIF. –– Cushman & Wakefield has negotiated Kohl’s purchase of Gateway South, a 970,000-square-foot distribution center located at 825 East Central Ave. in San Bernardino, for an undisclosed price. The facility offers immediate access to Interstates 215 and 10. Cushman & Wakefield’s Phil Lombardo and John McMillan represent the buyer, and Jones Lang LaSalle’s Mike McCrary and Peter McWilliams represented the seller.
PHOENIX — Stoneridge Capital Partners has acquired the 119-room Hotel Highland located at 2310 East Highland Ave. in Phoenix’s Biltmore District. The purchase marks the Newport Beach, Calif.-based real estate investment company’s entry into the hospitality sector. Bill Murney of Hospitality Real Estate Counselors represented Stoneridge in the transaction, and Stan Kozlowski, Jr. of CBRE Hotels represented the undisclosed seller.
CARSON, CALIF. — Grubb & Ellis has represented Epson America in its 180,000-square-foot, 68-month lease renewal at the Dominguez Technology Center, a Class A industrial building located at 18300 Central Ave. in Carson. The tenant has fully occupied the property since it was built in 2000. Grubb & Ellis’ Jim Biondi, Terry Reitz and Gerald Kim represented Epson in the transaction, and the property owner, Carson Dominguez Properties L.P., represented itself.
PHOENIX — Marcus & Millichap has brokered the $2.9 million sale of a Fry's Shops located at 4212 West Cactus Road in Phoenix. Built in 1990, the 17,055-square-foot retail property is 81 percent occupied by nine tenants. Marcus & Millichap’s Jesse Goldsmith and Steve Julius represented the seller, Bell Rd 67 LLC, in the transaction.
LONG BEACH, CALIF. — NAI Capital represented SJK Properties LLC in its $1.8 million sale of an 11,760-square-foot industrial building located at 3850 Gilman in Long Beach. NAI’s Neil Miyazaki and Junko Masubayashi represented the seller, and Transwestern Commercial Services represented the buyer, FCI Management Consultants Inc.
LOS ANGELES — E! Entertainment Television has signed a substantial lease renewal for 355,304 square feet of office space at the Wilshire Courtyard located at 5700 and 5750 Wilshire Blvd. in the Miracle Mile area of Los Angeles. Madison Partners’ Brad Feld represented the landlord, RREEF, and Mark Sullivan and David Gordon of Studley represented the tenant in the transaction, a 10-year renewal set to begin in January 2012. E! Entertainment Television currently occupies 70 percent of the Wilshire Courtyard’s 5750 Blvd. building.
LAS VEGAS — Dunbar Commercial represented Ashley Furniture in its $4.8 million purchase of a 37,707-square-foot free-standing retail building located at the Galleria at Sunset Mall in Las Vegas. Previously occupied by Linens Ôn Things, the property has been vacant for nearly 2 years. Bill Dunbar of Dunbar Commercial, an X Team International partner, represented the buyer, which will move from its 35,261-square-foot location at nearby Sunmark Plaza.