CHINO, CALIF. — Grubb & Ellis has facilitated the $6.4 million purchase of an 86,000-square-foot warehouse facility, located within Chino Centerpointe at 4850 Eucalyptus Ave. in Chino. Represented by the brokerage firm’s David Wu, McFerran Furniture purchased the Class A property from United Overseas Bank Ltd.
Western
SEATTLE — Marcus & Millichap has arranged the more than $2 million sale of the 37-unit Sunview Apartments, located at 10245 Des Moines Memorial Drive South in Seattle. Built in 1967, the multifamily property consists of 27 one-bedroom/one-bathroom units and 10 two-bedroom/one-bathroom units. Marcus & Millichap’s Matthew Bohner, Marc Cunningham and Robert Francis represented the private-investor seller in the transaction.
GOLDEN, COLO. — NorthMarq Capital has arranged a $3.1 million first mortgage for Building K within Green Mountain Corporate Center at 221 Corporate Circle in Golden. Based on a 10-year term and a 25-year amortization schedule, financing was arranged by NorthMarq’s Nancy Ferrell and Steven Koeneke for the borrower, Green Mountain Corporate Center IV LLC, through Symetra Financial. The 47,000-square-foot flex building was developed by the owner/borrower.
SCOTTSDALE, ARIZ. — CB Richard Ellis has negotiated the $6.9 million sale of Lincoln Center, a 13-building office complex located at 7100 E. Lincoln Drive and 6510-6590 N. Scottsdale Road in Scottsdale. Built in two phases in 1978 and 1980, the 91,328-square-foot property was vacant at the time of trade to a local buyer, Covington Asset Management LLC. In the transaction, CBRE’s Barry Gabel and Mindy Korth represented the Dallas-based seller, Orix Capital Markets LLC, which acquired the property through foreclosure in April 2010.
CHANDLER, ARIZ. — Toyota Motor Credit Corp. has committed to a 65-month extension of its lease of Wells Real Estate Investment Trust II’s 133,317-square-foot building at One San Tan Corporate Center in Chandler. Terms of the transaction were not disclosed. In the deal that extends the lease until April 2017, Jones Lang LaSalle’s Wade and Rhonda Clark represented Toyota, which has occupied the entire building since its expansion in 2006.
MILPITAS, CALIF. — Cassidy Turley CPS has presided over the sale of a 55,612-square-foot vacant R&D building located within the Oak Creek Business Park at 1623 Buckeye Drive in Milpitas. Terms of the deal were not disclosed. Cassidy Turley CPS’s Eric Fox, Sutton Roley and Mike Baker represented the seller, South Bay Development Co., in the transaction, and the brokerage firm’s Scott Borgia represented the private-investor buyer.
LAS VEGAS — Commercial Executives has negotiated the almost $6.15 million, 120-month lease of approximately 25,600 square feet of office space located at 9555 Hillwood Drive, Suite 200, in Las Vegas. CE’s Soozi Walker and Bobbi Miracle represented the law-firm tenant, Holland & Hart, in the transaction, and Doug Crook of Douglas Crook & Associates represented the limited-liability-company landlord, Margel/Parkway Pointe LLC.
COMPTON, CALIF. — Grubb & Ellis has negotiated the $6 million sale of a 72,239-square-foot freestanding industrial building, located at 1250 W. Artesia Blvd. in Compton. Grubb & Ellis’ James Biondi, Terry Reitz and Gerald Kim represented the seller, AMB Property Corp., in the transaction, and Craig Poropat of Lee & Associates represented the buyer, Frontier Imaging.
LAS VEGAS — On behalf of the lessor, Great Wash Park LLC (Tivoli Village), CB Richard Ellis’ Randy Broadhead and Brad Peterson have negotiated the more than $4.39 million, 120-month lease of approximately 12,635 square feet of office space, located at 400 S. Rampart Boulevard in Las Vegas, to HQ Global Workplaces LLC.
VERNON, CALIF. — Voit Real Estate Services has negotiated Intimo’s $3 million acquisition of a 44,460-square-foot warehouse, located at 3251 Leonis Blvd. in Vernon. The garment manufacturing company creates branded products carried in approximately 1,500 department and specialty stores worldwide. Voit’s Brian McLoughlin and David Fults represented the buyer in the transaction, and Peter Bacci of Lee & Associates represented the seller, Fortune Fashions.