FOUNTAIN HILLS, ARIZ. — Cassidy Turley BRE Commercial has completed the $3.1 million sale of a 42,126-square-foot Class B office building at Red Rock Business Center, located at 17100 E. Shea Blvd. and 9624 N Monterey Road in Fountain Hills. Lincoln, Neb.-based BRM Arizona LLC purchased the 50 percent-leased building from CTF5-Firerock LLC. Cassidy Turley’s Eric Wichterman and Mike Coover represented both the buyer and seller in the transaction.
Western
SAN DIEGO — BAE Systems San Diego Ship Repair Inc. has renewed its lease for an 86,254-square-foot warehouse building located at 655 Gateway Center Way in San Diego. The 5-year renewal agreement is valued at more than $3.5 million. CB Richard Ellis’ Shane Harmon and Rob Hixson represented the landlord, JTF Enterprises, in the lease deal, and CresaPartners’ Glenn Friedrich, Russ Sande and Gene Sachs represented BAE Systems.
WOODLAND PARK, COLO. — Marcus & Millichap has announced the $1.825 million sale of Woodland Park Plaza, a 23,872-square-foot retail property located at 1063-1099 and 1103-1131 East Highway 24 in Woodland Park. The property is anchored by Safeway, which was not included in the deal. Marcus & Millichap’s Jon Hendrickson and Garrette Matlock represented the seller in the short-sale transaction, and the brokerage firm’s Barry Higgins represented the buyer.
TUCSON, ARIZ. — Marcus & Millichap has brokered the $3.5 million sale of a 13,905-square-foot Walgreens in Tucson. The brokerage firm’s Jacob Levy and Hamid Panahi represented the buyer and seller, respectively, of the single-tenant, net-leased property; both participants were limited-liability companies.
BEVERLY HILLS, CALIF. — Charles Dunn Co. has closed Parness Family Trust’s $2.15 million sale of a 9-unit multifamily property located at 8730 Charleville Blvd. in Beverly Hills. Charles Dunn’s Hamid Soroudi and Cari Widman represented the buyer — The Charleville LLC — and seller, respectively, in the all-cash transaction.
SOUTH JORDAN, UTAH — Western National Properties and Kennecott Land are developing the 315-unit Crossing at Daybreak luxury apartment complex within Kennecott’s 4,200-acre, master-planned Daybreak community in South Jordan. It will be the first apartment community at Daybreak and the first project in Utah for Western National Properties, an affiliate of Irvine, California-based multifamily firm Western National Group. Initial occupancy at Crossing at Daybreak will take place this summer.
SAN DIEGO — Construction of two child development centers totaling $10.9 million has begun on Naval Amphibious Base Coronado and Naval Air Station North Island. With the capacity to serve 286 children, the facilities will include play areas, landscaping, new parking lots, drop-off areas and service entrances. Barnhart Balfour Beatty is the contractor for the project, which is slated for completion in January 2011, and the design partner is San Diego-based Roesling Nakamura Terada Architects.
CERRITOS, CALIF. — Marcus & Millichap has brokered the more than $9.8 million sale of the 58,126-square-foot Del Amo Plaza neighborhood retail center located at 11853 Del Amo Blvd. in Cerritos. Built in 1963 but newly renovated, the 91 percent-occupied Del Amo Plaza is anchored by Starbucks Coffee, Bally Total Fitness and Quiznos. Marcus & Millichap’s Chris Maling and David Maling represented the seller in the transaction.
MERCED, CALIF. — McCarthy Building Cos. has completed construction of the new $166 million Mercy Medical Center replacement hospital in Merced. A Catholic Healthcare West affiliate, the medical center consolidates two existing campuses into one facility consisting of an eight-level, 185-bed, 266,000-square-foot general acute tower and a 19,000-square-foot central plant. The Mercy Medical Center includes the following departments: Intensive Care Unit (ICU), Surgery Center, Operation Recovery, Labor and Delivery, Neonatal ICU, Newborn Nursery, Emergency Room and Ambulatory Care. RBB Architects was the project designer, and Harris & Associates was the owner’s construction manager.
PALMDALE, CALIF. — Macy's Inc. has announced that it will open a Macy's store in Palmdale in the fall. Employing approximately 130 associates, the one-level, 110,000-square-foot store will occupy a former Gottschalks location in the Antelope Valley Mall.