SAN FRANCISCO — Marcus & Millichap has brokered the $3.15 million sale of a 14,342-square-foot mixed-use property located at 1007-1017 Valencia St. and 3285-3287 21st St. in San Francisco. Constructed in 1900, the property consists of six one-bedroom/one-bath units, two two-bedroom/one-bath units and six commercial units. Marcus & Millichap’s Brad Lagomarsino and James Devincenti represented both the seller, a partnership, and the buyer, a private investor.
Western
SAN DIEGO — Cushman & Wakefield has negotiated San Diego County’s largest industrial lease since 2006 with Mor Furniture For Less’ 10-year, 199,359-square-foot signing in Brown Field Business Park, located at 7757 St. Andrews Ave. in San Diego. Financial terms were not disclosed. Cushman & Wakefield’s Eric Northbrook and Sean Williams represented the lessee, and the firm’s Charles Adolphe and Bryan Teel represented the lessor, Brown Field Business Park LP.
INDIAN WELLS, CALIF. — Stoneridge Capital Partners has acquired The Village at Indian Wells from A&B Properties Inc. in a $20 million all-cash transaction. Located at the corner of Cook Street and Highway 111 in Indian Wells, The Village at Indian Wells is a 104,600-square-foot retail center anchored by a Ralph’s Fresh Fare and CVS/pharmacy. CB Richard Ellis’ Sam Alison represented A&B Properties Inc. in the sale of the property; Newport Beach, Calif.-based Stoneridge did not use broker representation.
BEVERLY HILLS, CALIF. — Coldwell Banker Commercial WESTMAC has brokered FH Distributors’ $3.6 million sale of a 4,000-square-foot office building, located at 193 N. Robertson Blvd. in Los Angeles. Built in 1951 and 100 percent occupied by two tenants at the time of sale, the two-story boutique office building was used as the exterior setting for Townsend Investigations in the popular T.V. show “Charlie’s Angels,” which ran from 1976 to 1981. Coldwell Banker’s Bill Althouse, T.C. Macker and Michael Rojas represented the seller, and Kim Capobianco of Re/Max represented the buyer, So Nice LLC.
REDMOND, WASH. — Gary Merlino will develop a new 32,000-square-foot medical office facility in Redmond for Evergreen Healthcare’s family practice, urgent care and radiology clinic operations. Seattle-based CollinsWoerman is the design firm, and Sellen Construction is the contractor on the project, which is expected to begin in the spring and be completed in summer 2011. The three-story, Class A medical office building will occupy the site of the former Gray Barn Nursery at the corner of state Route 202 and Northeast 90th Street in the Bella Bottega shopping center.
SAN DIMAS, CALIF. — Raintree Partners has acquired the 168-unit Mountain View Apartments, located at 650 E. Bonita Ave. in San Dimas, for $21 million. Mountain View consists of two- and three-bedroom residences and includes amenities such as a fitness center, a swimming pool with a spa, a renovated clubhouse and covered parking. CB Richard Ellis’ Sean Deasy represented the seller, an affiliate of Apartment Investment & Management Company, in the transaction.
VISTA, CALIF. — Construction is complete on a 63,000-square-foot medical office park at Via Centre Drive in Vista. Designed by KMA Architecture & Engineering, CreekView Medical Park consists of 12 separate, single-story buildings, ranging in size from 3,765 to 8,496 square feet.
HIGHLANDS RANCH, COLO. — Marcus & Millichap has brokered the $3.23 million sale of Village Center at Highlands Ranch, a 9,919-square-foot retail property located at 9579 S. University Blvd. in Highlands Ranch. The property was 100 percent occupied by three tenants at the time of the sale. Marcus & Millichap’s Jon Hendrickson, Michael Fassel and Garrette Matlock represented the seller, a limited liability company, in the transaction.
SAN DIEGO — McCarthy Building Companies Inc. will construct the new 180,000-square-foot Math and Science Building at San Diego Mesa College, located at 7250 Mesa College Dr. in the Clairemont area of San Diego. Construction on the new $92 million instructional building is expected to begin in early September 2010, with completion slated for November 2012. Designed by Architects | Delawie Wilkes Rodrigues Barker for LEED certification, the facility will house four floors of classrooms, laboratory space and offices for the departments of biology, chemistry, mathematics and physical sciences.
TEJON RANCH, CALIF. — A $25 million TA travel center has opened within Tejon Industrial Complex (TIC) in Tejon Ranch. The new retail facility offers consumer motorists a 24-pump Chevron gas station; two food courts featuring quick-serve restaurants such as Burger King, Taco Bell, Pizza Hut, Subway and Popeye’s Chicken; a TA Café Express convenience store; and many clean restroom facilities. Professional drivers can find facilities to address all of their truck repair and maintenance needs. Tejon Ranch Co. partnered with TravelCenters of America on the project.