HONOLULU — Holliday Fenoglio Fowler LP has secured $17 million for the refinancing of the 261,038-square-foot Bamboo Commerce Center, an industrial complex situated on 11.4 acres close to the Honolulu International Airport and Honolulu Harbor at 2312 Kamehameha Hwy. On behalf of Fowler Property Acquisitions, HFF’s Tucker Knight placed the 4-year, fixed-rate loan with FundCore Finance. Loan proceeds are refinancing an existing loan encumbering the six-building property, which was completed in 1979 and extensively renovated in 2007.
Western
LAS VEGAS — Faris Lee Investments has completed the $1.835 million sale of a 2,857-square-foot Jack in the Box, located at 9360 W. Tropicana Ave. in Las Vegas, to San Diego-based A. Mashayekan Trust. The fast-food restaurant property was built in 2002. Faris Lee’s Jeff Conover represented the seller in the all-cash transaction.
WINDSOR, CALIF. — Cassidy Turley BT Commercial has brokered the $12.5 million sale of a 65,000-square-foot industrial facility located within the 98-acre, master-planned Shiloh Oaks Commercial Center on the west side of Highway 101 in Windsor. Situated north of Santa Rosa in Sonoma County, the freestanding building is fully net-leased to FedEx Ground. Cassidy Turley’s Chris Sheldon, Andrew Bogardus and Douglas Longyear represented both parties in the transaction.
SAN BERNARDINO, CALIF. — National Equity Advisors has handled the $10.95 million sale of Westside Plaza, a 93,129-square-foot shopping center located at 1554-1594 W. Base Line Street in San Bernardino. Built in 1995, Westside Plaza includes national tenants such as CVS/pharmacy, the U.S. Postal Service, Burger King and Little Caesars Pizza. National Equity Advisors’ Enrique Wong represented the seller, Westside Plaza LLC, in the all-cash transaction involving a California investment buyer.
TEMECULA, CALIF. — Woodside Homes has acquired 210 triplex condominium home sites, located near the intersection of Rancho California and Ynez roads just off Interstate 15 in Temecula, from San Diego-based American Property Enterprises. Terms of the deal were not disclosed. Consisting of 102 finished lots and 108 partially improved lots, the condo community to be known as Maravilla will include a recreation center, a pool and a spa, a covered outdoor picnic/grill area and an observation gazebo. A division of Salt Lake City-based Woodside Group LLC, the homebuilder will be constructing units between 1,124 and 1,753 square feet.
GLENDALE, CALIF. — Jones Lang LaSalle has represented LegalZoom in a 10-year, 48,640-square-foot lease at Glendale City Center, a Class-A, 19-story office building located at 101 N. Brand Blvd. in Glendale. Jones Lang LaSalle’s Mike McRoskey, Gary Horwitz, Tony Morales and Frank Scott represented the online legal document and filing service company in the transaction, and CB Richard Ellis’s Patrick Church and Anneke Greco represented the landlord, Legacy Partners.
BOULDER, COLO. — ARA has brokered the $14 million sale of The Hub Apartments located in Boulder. Constructed in 1994 and 98 percent occupied at the time of closing, the multifamily property includes a clubhouse, a fitness center and a heated outdoor swimming pool. Terrance Hunt, Doug Andrews and Jeff Hawks of Atlanta-based ARA represented the seller in the transaction.
HIGHLANDS RANCH, COLO. — NorthMarq Capital has arranged a permanent loan of $6.2 million for Village Center West, a four-building, 30,397-square-foot neighborhood retail center located at 3620-3626 Highlands Ranch Pkwy. in Highlands Ranch. Tenants include Radio Shack, Supercuts, Baskin Robbins and King Soopers (the latter, grocery tenant not being a part of the collateral). John Stewart and Brock Yaffe of Minneapolis-based NorthMarq arranged the financing for the borrower.
PHOENIX — Cassidy Turley BRE Commercial has completed the $1.6 million acquisition of a 17,524-square-foot office building located at 222 N. 44th Street in Phoenix. Cassidy Turley BRE Commercial’s Chris Walton and Justin Himelstein represented the buyer, North 44th Street Phoenix LLC, a company formed by San Diego-based DPR Construction. CB Richard Ellis’ Rick Murphy and Max Bippus represented the Pleasanton, Calif.-based seller, Bajarang Investments, in the transaction. DPR will occupy the purchased building.
BELLEVUE, WASH. — Essex Property Trust has purchased the 110-unit Courtyard Off Main Apartments, located in the heart of Bellevue, for $30 million. Constructed in 1999 by local developer and seller Courtyard Off Main LLC, the property includes 7,573 square feet of commercial space. GVA Kidder Mathews’ Philip Assouad and Giovanni Napoli handled the transaction. The Palo Alto, Calif.-based apartment REIT’s acquisition is its first in the city located east of Seattle and west of Interstate 405.