POMONA, CALIF. — Overton Moore Properties has sold a 132,655-square-foot industrial building, located at 2303 Mt. Vernon Ave. in Pomona, to Pearson Food Co. for an undisclosed amount. Including 7,500 square feet of office space, the state-of-the-art facility is the fourth and final building sold by OMP at Empire Gateway Business Center, which was completed in 2008. Cushman & Wakefield’s Stuart Milligan, Phil Lombardo and Ty Newland represented OMP in the transaction, and David Wu of Grubb & Ellis represented the California-based buyer.
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BURBANK, CALIF. — Marcus & Millichap has brokered the $6.1 million sale of the Big Boss Creative office property located at 135 West Magnolia Blvd. in Burbank. Built in 1959 and renovated in 2004, the 23,485-square-foot building is 100 percent leased. Marcus & Millichap’s Mike Malick represented the buyer and seller, both limited liability companies, in the transaction.
OAKLAND, CALIF. — The new $44.5 million, five-story Trestle Glen, a transit-oriented, affordable apartment community located adjacent to the Colma BART Station, has opened at 370 F Street in Oakland. Developed by BRIDGE Housing Corp. and designed by KTGY Group Inc., Architecture and Planning, Trestle Glen offers 28 one-, 44 two- and 47 three-bedroom apartment homes, providing workforce housing to families earning between 20 and 50 percent of the area median income. Located in an unincorporated area of San Mateo County, the eco-friendly multifamily development includes a community center with kitchen, a 56-space childcare facility with outdoor play space, landscaped courtyard areas, a basketball court and laundry facilities. The 2.7-acre, 119-unit infill development features on-grade parking under four residential floors.
PHOENIX — Cassidy Turley BRE Commercial has completed the $4.23 million sale of the 83,000-square-foot Gilbert Business Center located at 963, 971 and 979 N. Gilbert Road in Phoenix. Gilbert Business Park Properties LLC, dba Affinitas Corp., purchased the Class A office complex with plans to occupy 21,000 square feet. Cassidy Turley’s Gregg Sherman represented the Omaha, Neb.-based buyer in the transaction, and the brokerage firm’s Eric Wichterman, Rick Danis and Mike Coover represented the seller, Heritage Bank N.A.
SANTA ROSA, CALIF. — Arroyo & Coates has handled the sale of the 78-unit Mountainview Villas Apartments located in Santa Rosa. Terms of the deal were not disclosed. Built in 2000 at the corner of Kawana Springs and Petaluma Hill roads, Mountainview Villas consists of one-, two- and three-bedroom units averaging approximately 858 square feet. Arroyo & Coates’ Jamie Clifford, David Silver and Pedro Arroyo represented 2146 Bedford Street LLC, a California-based private owner, in its disposition of the multifamily community to Bedford Santa Rosa Associates LLC.
ANAHEIM, CALIF. — Marcus & Millichap has brokered the almost $4.3 million sale of the 29-unit Los Arcos Apartments located at 3340 W. Orange Ave. in Anaheim. The brokerage firm’s Greg Bassirpou and Nicholas Petrosian represented the seller, a limited liability company, in its disposition of the multifamily property to a 1031-exchange buyer.
HAWTHORNE, CALIF. — A partnership of Kearny Real Estate Co. and Morgan Stanley Real Estate Fund V has sold 1.4 million square feet of industrial and manufacturing space, located at 190th and Figueroa Street within the Century Business Center in Hawthorne, to Buchanan Street Partners and Zelman Development Co. for $40 million. The entire space is leased by Vought Aircraft Industries, which recently renewed its space commitment through 2015. The sale involves one five-story, 254,000-square-foot office building and six industrial manufacturing buildings, including a 1 million-square-foot facility used by Vought as the sole manufacturing center for fuselage panels for Boeing's 747 aircraft. Kearny was represented by Fisher Corporate Real Estate’s Jeff Kernochan and Bill Palmer of The Palmer Team; Buchanan Street Partners and Zelman Development were represented in-house.
SUNNYVALE, CALIF. — In a joint venture with Harbert United States Real Estate Fund IV LP, Trumark Commercial has acquired a 130,000-square-foot office building located at 645 Almanor Ave. in the Perry Park area of Sunnyvale. Built in 1972, the two-story property has been vacant for several years; a $6 million to $7 million renovation of the property is scheduled to begin in 3 months with completion slated for year’s end. The all-cash transaction was brokered by Cornish & Carey Commercial’s Christine Sahadi-Slonek and Jeff Ramirez.
OCEANSIDE, CALIF. — Cushman & Wakefield has negotiated the $9.7 million sale of the 88-unit Forest Glen multifamily property located at 612 Los Arbolitos Blvd. in Oceanside. The 89,119-square-foot for-rent condominium development features one-, two- and three-bedroom units ranging from 700 to 1,220 square feet. Cushman & Wakefield’s Alejandro Lombrozo and Rachel Stankowski represented both the buyer, Virtu Investments, and the seller, Pacifica Companies, in the transaction.
SANTA MONICA, CALIF. — Sixteenth Street Medical Center LP will develop a three-story, 50,000-square-foot outpatient surgery facility located at 1223 16th Street in Santa Monica. The development team, led by Randall Miller of The Nautilus Group, will build the facility for UCLA, which signed a long-term lease in February to occupy the entire building. The Michael W. Folonis Architects-designed property will be situated across the street from the Santa Monica-UCLA Medical Center and Orthopedic Hospital and is expected to obtain LEED Gold certification upon completion.