REBusinessOnline

Overton Moore Properties Acquires Concourse Tech Park in San Jose for $13.5M

SAN JOSE, CALIF. — Overton Moore Properties has purchased Concourse Tech Park, an office, research and development building in San Jose. A private family sold the asset for $13.5 million.Located at 1953-1965 Concourse Drive, the 110,148-square-foot property features two loading docks, eight at-grade roll-up doors, substantial power, ample parking and significant clear heights. At the time of sale, the building was 10 percent leased.Steven Golubchik, Seth McKinnon, Darren Hollak and …

IPA Negotiates $117.5M Sale of Onnix Multifamily Property in Tempe, Arizona

TEMPE, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of sale of Onnix, an apartment community located in Tempe. Bridge Investment Group sold the asset to Western Wealth Capital for $117.5 million, or $178,300 per unit.Constructed in 1984 on 30 acres, Onnix features 659 apartments at the intersection of Broadway Road and McClintock Drive. The property offers a mix of studio, one- and two-bedroom layouts and one …

Dornin Investment Group Sells Two Flex Office Buildings in Arizona for $24M

TEMPE, ARIZ. — Dornin Investment Group (DIG) has completed the sale of two multi-tenant flex office buildings located at 1711 W. Greentree Drive and 8945 S. Harl Ave. in Tempe. A Texas-based private investment company purchased the two-building portfolio for $24 million, or $170 per square foot.Totaling 141,336 square feet, the buildings are located within Agave Business and Corporate Center. At the time of sale, the asset was stabilized at a combined occupancy of more than 97 …

Colliers Arranges $6.1M Acquisition of Industrial Property in North Las Vegas

NORTH LAS VEGAS, NEV. — Colliers International | Las Vegas has arranged the purchase of an industrial and retail facility located at 1011 E. Alexander Road in North Las Vegas. Michael F. Colvin acquired the 45,659-square-foot asset from an undisclosed seller for $6.1 million.Dean Willmore, Lauren Willmore, Mike Willmore and Stacy Shapiro of Colliers represented the buyer in the

Nexus Commercial Brokers $2.4M Sale of Apartment Building in Denver

DENVER — Nexus Commercial Realty has directed the sale of 1302 Milwaukee, a multifamily property in Denver. The property traded hands for $2.4 million. The names of the buyer and seller were not released.Brandon Kaufman and Nik MacCarter of Nexus represented the seller, while Gunnar Wilson of Nexus represented the buyer in the transaction.Located at the corner of 13th Avenue and Milwaukee Street, the property consists of 10 one-bedroom units and two studio apartments. The seller …

Hawthorne Hydroponics Leases 378,000 SF Industrial Facility at Blue Lake Corporate Park in Gresham, Oregon

GRESHAM, ORE. — Hawthorne Hydroponics has signed a long-term lease to occupy a newly constructed 378,000-square-foot industrial building at Blue Lake Corporate Park in Gresham. A supplier of horticulture, organics, hydroponics and lighting supplies, the tenant is expanding its operations within the region and will retain a presence in Vancouver, Washington.The building is part of Airport Way’s newest industrial development, which consists of two buildings totaling 463,500 square feet on …

Newcastle Partners to Develop Three Spec Industrial Facilities Totaling 824,300 SF in Inland Empire

REDLANDS AND RIVERSIDE COUNTY, CALIF. — Newcastle Partners is developing three speculative industrial properties in the Inland Empire totaling 824,500 square feet.The company, in partnership with Sun Life, plans to construct Redlands Commerce Center, a 190,000-square-foot warehouse distribution facility in Redlands. Construction costs are estimated at $20.1 million for the speculative industrial facility.In a joint venture with Rockefeller Group Development, Newcastle has planned a …

Advanced Real Estate Services Acquires The Crossings Apartment Complex in Chino Hills for $120M

CHINO HILLS, CALIF. — Advanced Real Estate Services has purchased The Crossings, a multifamily property located in Chino Hills. An undisclosed seller sold the asset for $120 million in an off-market transaction.Constructed in 2019 on more than 32 acres, The Crossings features 346 apartments, a resort-style pool area, clubhouse, two-story fitness center, turf soccer field, dog park, electric-vehicle charging stations, package lockers, a business center and playground.Mike Elmore, Joe …

Rexford Buys Two Industrial Properties for $27.6M, Sells Three Others for $44.2M in Southern California

SANTA FE SPRINGS, SYLMAR, OCEANSIDE, NATIONAL CITY AND SANTA ANA, CALIF. — Rexford Industrial Realty has acquired two industrial facilities for $27.6 million and completed the disposition of three properties for $44.2 million. The acquisitions were funded using cash on hand.Rexford purchased 12133 Greenstone Ave. in Santa Fe Springs for $5.5 million, or $26 per land square foot, through an off-market transaction. The single-tenant container storage facility features a 12,586-square-foot …

Trojan Purchases Hawthorne Mini Storage in Salem, Oregon for $8.3M

SALEM, ORE. — Los Angeles-based Trojan Storage has acquired Hawthorne Mini Storage in Salem from a private investor for $8.3 million. Nick Walker, Trevor Roberts and Morgan Windbiel of CBRE represented the seller in the deal.Located at 1241 Hawthorne Ave. NE, the 99,435-square-foot property offers 654 self-storage units ranging in size from 25 square feet to 750 square feet. Additionally, the facility features covered RV and boat parking. The property consists of 14 single-story and …

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