SANTA CLARA, CALIF. — Cassidy Turley BT Commercial and Kidder Matthews have brokered the $5.2 million sale of a 97,307-square-foot warehouse property located at 725 and 825 Mathew Street in Santa Clara. Situated just west of the San Jose International Airport, the development consists of two mid-size warehouse buildings and a small, freestanding, single-story office building. Previously leasing at the location, Diana Land Two LLC, doing business as Diana Fruit Co., purchased the complex from Triad Investments LLC, which was represented by Cassidy Turley BT Commercial’s Kevin Sweatt and Charles Strouss of Kidder Matthews. The producer of Maraschino Cherries will maintain occupancy of its 33,574 square feet of warehouse space at the property.
Western
LAS VEGAS — Colliers International has negotiated the more than $1.95 million purchase of a 23,000-square-foot retail property, located at 3030 E. Sahara Ave. in Las Vegas. The brokerage firm’s Grant Traub and Keith Cubba represented the buyer, DriveTime Car Sales Co. LLC, in the transaction, and Kevin Higgins of Voit Real Estate Services represented the seller, Bill Haden Inc.
CARLSBAD, CALIF. — Cassidy Turley BRE Commercial has negotiated the $1.2 million purchase of an industrial building, located at 2704 Gateway Road in the Bressi Ranch area of Carlsbad. With a conditional-use permit from the city, Waterworks Aquatics’ newly built 8,700-square-foot swim facility will serve all of north San Diego County. Cassidy Turley BRE Commercial’s Dennis Visser and Aric Starck represented both Waterworks Aquatics and the seller, LJR LLC, in the transaction. Orange County’s number one swim school and aquatics center company is scheduled to open its state-of-the-art indoor swim facility on April 28.
PHOENIX — Marcus & Millichap has facilitated the $1.1 million sale of the 27,562-square-foot Bella Vista Center, an office property located at 5818 N. 7th Street in Phoenix. The buyer will renovate and occupy the building with plans to operate it as a charter school starting the 2011-2012 school year. Marcus & Millichap’s Greg Guglielmino represented the seller, a limited-liability company, in the transaction.
OXNARD, CALIF. — Industrial Park Associates has negotiated the $1.95 million purchase of a 7,200-square-foot building, located at 1720 Mountain View Ave. in Oxnard. IPA’s Michael Wax represented the buyer, Juan & Amelia Lujan of J & A Precooling, in the transaction, and CB Richard Ellis represented the seller, N & H Enterprises LLC.
FT. COLLINS, COLO. — 314 East Mountain LLC has purchased an 11,600-square-foot office condo, located at 200 South College Ave. in downtown Fort Collins, from Front Range Land Resources for $1.35 million. Chrisland Commercial Real Estate’s Ryan Schaefer and Jake Hallauer were the listing brokers; Bill Reilly of Sperry Van Ness/The Group Commercial LLC also assisted in closing the transaction.
TUCSON, ARIZ. — 2470 Majestic LLC has purchased 17,664 square feet of industrial space, located at 2470 W. Majestic Park Place in Tucson, from Commerce Drive & W. Majestic LLC for $1 million. PICOR Commercial Real Estate Services’ Pat Welchert represented the buyer in the transaction, and Ron Zimmerman of Grubb and Ellis represented the seller.
COLORADO SPRINGS, COLO. — The Korte Co. has broken ground for a $9.5 million exercise facility addition at the United States Air Force Academy in Colorado Springs. The St. Louis-based design-build construction firm will compose approximately 37,390 square feet of space for weight training (both free and machine), aerobic conditioning, Physical Fitness Test-specific exercises, floor aerobics, fencing and spin-cycling classes. Slated for completion in early 2012 and designed to achieve LEED Silver certification, the facility will utilize tilt-up concrete panels with a marble stone veneer to match the existing U.S. AFA building.
CARSON, CALIF. — Watson Land Co. has leased a 148,725-square-foot industrial property, located on 7.81 acres at 2116 E. 220th Street in Carson, to OHL. Terms of the deal were not disclosed. Situated within the master-planned Watson Corporate Center, the LEED Gold-certified property includes 32 dock-high loading positions, a 185-foot truck turning radius and a 32-foot ceiling clearance. Pro Venture’s Doug McDowell and L2 Cos.’ Lewis Latimer represented OHL in the transaction; WLC was represented in-house by Lance Ryan and Mike Bodlovich.
LOS ANGELES — Hendricks & Partners has brokered the almost $3.53 million sale of National Townhomes, located at 9101 and 9115 National Blvd. in Los Angeles. Consisting of two-bedroom/two-and-a-half-bath units, the 5-unit property at the former address sold for nearly $1.43 million, and the 7-unit property at the latter address, which includes two three-bedroom, two-and-a-half-bath units, traded for $2.1 million. The properties were built in 2003 and 2004, respectively. Hendricks & Partners’ David Harrington represented the Torrance, Calif.-based seller, Equity Holdings LLC, in the all-cash transaction, and Grub & Ellis' Dana Brody-Thaw represented the Beverly Hills-based buyer, National Ten Management LLC.