GOLDEN, COLO. — Marcus & Millichap has brokered the $7.25 million sale of the 79,705-square-foot Clear Creek Square, located at 600 12th Street in Golden. Built in 2001, the office property is situated between Washington Street and the entrance to the home of Coors. Marcus & Millichap’s Jacob Steele and Andy Glinski represented the court-appointed receiver in the transaction, and Steele and the brokerage firm’s Andy Glinski represented the buyer, a real estate investment firm.
Western
DENVER — Pinnacle Real Estate Advisors LLC has managed the $5.1 million sale of the 81-unit William Tell Apartments, an affordable housing community located at 1599 Williams Street in central Denver. Constructed in 1964, the multifamily property consists of eight studio, 72 one-bedroom/one-bathroom units and one two-bedroom/one-bath unit. Pinnacle’s Joe Hornstein, Kevin Calame and Matt Lewallen assisted both the buyer, Brothers Redevelopment, and the seller in the transaction.
CHINO, CALIF. — Lee & Associates has presided over the $8.5 million sale of a 189,990-square foot industrial property located at 13780 Central Ave. in Chino. Built in 1988, the single-building development is situated near the 60 and 71 freeways, as well as the Chino Airport, in the western part of San Bernardino County. Lee & Associates’ Bill Heim and Eloy Covarrubius represented buyer, DCT Industrial, in the transaction, and the brokerage firm’s Jack Cline, Patrick Bogan and Steve Coulter represented the seller, Gamm Enterprises. The buyer plans to renovate the property and lease it out.
FT. COLLINS, COLO. — NorthMarq Capital has arranged $7 million in refinancing for the 345-unit Aspenleaf Apartments located at 3501 S. Stover Street in Ft. Collins. Built in 1973, the multifamily complex consists of 15 two-and-a-half-story buildings and includes a clubhouse, a heated swimming pool, a playground, and basketball, volleyball and tennis courts. NorthMarq’s Steve Koeneke and Chris Williams arranged the financing for the borrower.
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.
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.