CARPINTERIA, CALIF. — Online software training company, lynda.com, has purchased 57,474 square feet of office and industrial space located at 6410 Cindy Lane in Carpinteria. The company will most likely remodel the 31,553-square-foot office building and update the 25,921-square-foot warehouse building — which together had a listing price of $6 million — for a live-action recording studio for its online training videos. Hayes Commercial Group’s Christos Celmayster represented lynda.com in the transaction; Radius Group’s Bob Tuler, Paul Gamberdella and Gene Deering teamed up with CB Richard Ellis’ Michael Slater and Tom Dwyer to represent the seller, the Salvation Army.
Western
ARVADA, COLO. — Partnering with a private family investment trust, NewMark Merrill Mountain States has purchased the 164,611-square-foot Arvada Marketplace East, located in the northeast quadrant of Interstate 70 and Wadsworth Boulevard in Arvada, from CapMark Bank for $3.35 million. Built in 1987 and 52 percent vacant at the time of sale, the shopping center will be repositioned by NMMS, a move that will include the addition of at least two major anchors. Cushman & Wakefield’s Timothy Richey represented NMMS’s acquisition team in the transaction.
ANAHEIM, CALIF. — Lee & Associates has closed the $5.1 million acquisition of a 52,000-square-foot industrial building located at 4240 E. La Palma in Anaheim. After a major renovation, the facility will be used as the corporate headquarters for InfoSend Inc. starting in first quarter 2011. Lee & Associates-Orange’s Scott Seal represented the buyer, Rezai & Son LLC, in the transaction, and Ben Seybold and Sean Ward of CB Richard Ellis Anaheim represented seller, Anaheim Manufacturing.
HENDERSON, NEV. — Colliers International has completed the $4.8 million sale of the 104,030-square-foot Sunset Pointe Industrial Center, located at 505-585 W. Sunset Rd. in Henderson. Built in 2009, the business park consists of 21 industrial buildings. Colliers’ Scott Heaton, Patrick Barnes and E.J. Paul Sweetland represented the seller, City National Bank, in the transaction; Lee and Associates’ Mel Koich represented the buyer, Laguna Beach, Calif.-based Bakken Wineville Properties LLC.
COMMERCE, CALIF. — Jones Lang LaSalle has represented Maruhana USA Corp. in its 44,897-square-foot industrial lease at a multi-tenant facility located at 4455 Sheila Street in Commerce. Terms of the deal were not disclosed. Jones Lang LaSalle’s Paul Sablock, Barry Hill, Greg Matter and Zac Sakowski, along with Kevin Curtis of Colliers International, represented the Japanese food, wholesale grocery and professional restaurant supply company in the transaction. Jeffrey Stephens of CB Richard Ellis represented the landlord, Verdemont Associates California.
SOUTH SAN FRANCISCO, CALIF. — Terreno Realty Corp. has purchased an 80,524-square-foot warehouse building, located at 238-242 Lawrence Ave. in South San Francisco, from John C. Nickel Properties for $9.6 million. Cassidy Turley’s Matt Squires and Randy Keller represented the buyer in the transaction, and the brokerage firm’s Marshall Hydorn and Jason Cranston represented the seller. The multi-tenant airfreight and distribution/warehousing facility was fully leased at the time of sale.
ONTARIO, CALIF. – CT Realty Investors and Dallas-based Behringer Harvard Opportunity REIT II have purchased the 231,444-square-foot Archibald Business Center, located at 2021 So. Archibald Ave. in Ontario, from Bixby Land Co. for $9.5 million. Fully occupied by SKECHERS USA Inc., the Class A facility features 206,484 square feet of distribution/warehouse space and 24,960 square feet of corporate office space. CT Realty represented itself and Behringer Harvard in the transaction; Rick John of Collins Commercial represented the seller.
LOS ANGELES — Marcus & Millichap has negotiated the $3.5 million sale of a 36-unit apartment property located in the Van Nuys area of Los Angeles. The brokerage firm’s Reza Ghobadi and Frank Pour represented both the financial-institution seller and the limited-liability-company buyer in the transaction.
BUENA PARK, CALIF. — The Buena Park City Council has unanimously approved Jamboree Housing Corp.’s 70-unit affordable-housing project to be developed on a 2-acre urban infill site at 8850 La Palma Ave. Designed by Newport Beach, Calif.-based Newman Garrison + Partners, the four-story apartment community will utilize a sustainable green roof over the interior 142-space parking area, creating more than 20,000 square feet of open space for residents. Irvine, Calif.-headquartered Jamboree will also include amenities such as a residents meeting room, a tutoring center, a fitness center and a kitchen at the multifamily development. Created for residents earning between 30 to 60 percent of the county’s area median income, the apartment property will consist of one-, two- and three-bedroom units. Construction is expected to start next year with completion slated for 2012.
GARDENA, CALIF. — Marcus & Millichap has negotiated the $3.475 million acquisition of a 46-unit apartment property located at 18424 South Normandie Ave. in Gardena. Marcus & Millichap’s Gordon Reese represented the buyer, a limited liability company, in the transaction.