FEDERAL WAY, WASH. — Brandon Grishman of Marcus & Millichap represented a private investor in the acquisition of Seatac Village, a 22-unit apartment property located at 1808 S. 311th Pl. in Federal Way. The property sold for $1.58 million. The community offers one- and two-bedroom units featuring wood-burning fireplaces, garbage disposals and storage space. Grishman also represented the undisclosed seller.
Western
SANTA CLARITA, CALIF. — Side Yard LLC has purchased a 93,228-square-foot industrial warehouse/showroom building, which is located at 26455 Ruether Ave. in Santa Clarita, for $9.87 million. The property received a renovation in 2005 and was converted into a retail furniture showroom/warehouse from an industrial manufacturing facility. The buyer plans to lease the property back to an undisclosed company. Chris Jackson and Todd Lorber of NAI Capital’s Santa Clarita office represented the buyer; Gary Cohen of Cohen Commercial Real Estate Group Inc. represented the seller, a private family trust, in the transaction.
SAN DIEGO — Francisco Gutierrez Mercado has acquired two industrial condominiums totaling 23,482 square feet at Britannia Crossings, a 150,000-square-foot industrial park in the Otay Mesa submarket of San Diego. The condos are located at 7577 Airway Rd., Suites G and H. Britannia Crossings LLC sold the property for $2.3 million. Rollin Sutton and Eduardo Colon Marin of Rollin A. Sutton Real Estate represented the buyer; Charles Adolphe and Bryan Teel of Cushman & Wakefield represented the seller. The buyer plans to use building for distribution center.
ONTARIO, CALIF. — Denver-based ProLogis has leased 215,000 square feet of distribution space to Golden State Container, an international provider of packaging and storage solutions. The tenant will occupy space at ProLogis Park Ontario Airport, a newly constructed 369,000-square-foot facility in Ontario. The value of the transaction was not disclosed.
SAN JOSE, CALIF. — Justin Bautista of NAI BT Commercial represented both undisclosed parties in the sale and acquisition of a 23-unit multifamily property, which is located at 2090 Radio Ave. in the Willow Glen area of San Jose. The property features two studios, 17 one-bedroom/one-bath apartments, two two-bedroom/one-bath units and two two-bedroom/one-bath townhomes. Built in the mid-1960s, the complex also features a swimming pool.
PHOENIX — St. Mary’s Food Bank Alliance has purchased an industrial building, which is located at 3131 W. Thomas Rd. in Phoenix. The 20,400-square-foot facility sold for $1.93 million. John Filli, Jeff Hays and Chad Neppl of NAI Horizon represented the buyer; Paul Boyle of Grubb & Ellis represented the seller, R&H Investments, in the transaction.
SEATTLE — Emerald Bay Equity has developed Sweetbrier, a mixed-use development located in the Upper Queen Anne area of Seattle. Located at 8 W. Crocket St., the 54,000-square-foot project features 12,600 square feet of ground-floor retail space, 45 apartments and 82 underground parking stalls. Designed by Seattle-based Tiscareno Associates, the project is slated to achieve LEED certification. Other project partners include DCI Engineers, PACLAND, Veach Consulting Engineers and BrN Engineering. Charter Construction served as general contractor for the project.
PORTLAND, ORE. — NBS Financial Services has arranged $15.1 million in refinancing for the Wieden + Kennedy Headquarters Building, which is located at 224 NW 13th Ave. in Portland’s Pearl District. The five-story building, which underwent a more than $35 million renovation, offers 160,000 square feet of office space. The building also features 30,000 square feet of ground-floor retail space, which is occupied by Bluehour, Design Within Reach and ZoomCare. Ken Griggs and Paddy Ryan of NBS Financial Services arranged the financing, which was provided by John Hancock Life Insurance Co.
SURPRISE, ARIZ. — Developed by UDR, The Residences at Stadium Village has opened in Surprise. The seven-building multifamily neighborhood is located along North Stadium Way and is adjacent to Surprise Cactus League spring training stadium. The 15-acre project features 382 one-, two- and three-bedroom luxury apartments ranging in size from approximately 700 to 1,300 square feet. The units feature 42-inch flat-screen televisions, black and stainless steel appliances, brushed nickel hardware, walnut cabinetry, washers and dryers and spacious balconies. Community amenities include two pools, a hot tub, an open-air fire pit, a fireplace with kitchen, a 24-hour Internet café, a gaming center with Nintendo Wii and Xbox 360, and a 24-hour fitness center.
CARLSBAD, CALIF. — Johnson & Jennings General Contracting has a $2.18 million renovation project for a new 149,016-square-foot research/development, manufacturing and office facility for Alphatec Spine Inc., which is located at 5818 and 5830 El Camino Real in Carlsbad. The renovation project included construction of production space for research and manufacturing, development labs, Class 10,000 clean rooms and supporting mechanical yards. The project also included build-out of private and open office areas as well as an entry lobby featuring glass security walls, incorporating natural day lighting, energy-efficient lighting and new mechanical systems.