PHOENIX — Scottsdale, Ariz.-based MC Companies recently closed on the acquisition of Wickertree Apartments in Phoenix. The 226-unit multifamily property sold for an undisclosed price. The acquisition brings the company’s management portfolio total to 6,472 units. Additional information regarding the transaction was not disclosed.
Western
SACRAMENTO, CALIF. — The U.S. Government has signed a 10-year lease for 227,490 square feet at 1325 J St. in Sacramento. UrbanAmerica recently acquired the property, which was constructed as a build-to-suit for the Army Corps of Engineers in the 1980s. Additional terms of the lease were not released. Timothy Hutchins, Jim King and Ali Nadimi of CB Richard Ellis represented the landlord.
KIRKLAND, WASH. — Newmark Realty Capital has arranged a $64 million loan for Carillon Point in Kirkland. Located on 26 acres of waterfront land along Lake Washington, the property features 445,000 square feet of office space, the 100-room Woodmark Hotel and a 200-slip marina. Michael Taylor of Newmark’s Seattle office secured the financing through John Hancock Life Insurance Co. The 20-year loan has a 25-year amortization schedule.
ANAHEIM, CALIF. — Greg Bassirpou of Marcus & Millichap represented the undisclosed buyer in the purchase of Magnolia Court Apartments, a 21-unit apartment building located at 527 N. Magnolia Ave. in Anaheim. The property sold for $3.37 million. The seller was not disclosed.
BEVERLY HILLS, CALIF. — 320 North Crescent Drive LLC has acquired a 10,098-square-foot multifamily property, which is located at 320 N. Crescent Dr. in Beverly Hills, for $3.1 million. Hamid Soroudi of Charles Dunn Co. represented the buyer; Soroudi and Cari Widman, also of Charles Dunn Co., represented the seller, MRD Properties, in the deal.
SAN FERNANDO, CALIF. — An undisclosed limited liability company has purchased a Pep Boys Auto location in a $3.9 million sale/leaseback transaction. The 20,800-square-foot retail property is located in San Fernando. Lior Regenstreif of Marcus & Millichap represented the buyer and the seller, Corporate Pep Boys, in the transaction.
LOS ANGELES — Evan’s First LLC has disposed of an 18,858-square-foot office building, which is located at 2100 Sawtelle Blvd. in Los Angeles. 2100 Sawtelle Blvd LLC, a group of 1031 Exchange buyers, acquired the property for $5.8 million. The three-story garden-style property was 65 percent occupied at the time of acquisition. T.C. Macker and Craig Newlands of Coldwell Banker Commercial WESTMAC represented the seller; Justin Altemus of The Altemus Company represented the buyer in the deal.
ATASCADERO, CALIF. — Brandon Michaels of Marcus & Millichap represented a private investor in the purchase of a Denny’s restaurant location in Atascadero for $1.22 million. Michaels also represented the undisclosed seller in the transaction.
SAN DIEGO — Grubb & Ellis|BRE Commercial’s Capital Market Group has arranged a $12.6 million loan for 3525 John Hopkins Court LLC. The loan is for a 48,233-square-foot wet lab facility located in San Diego’s Torrey Pines submarket. Gary Goss of Grubb & Ellis|BRE Commercial arranged the transaction.
ROSEVILLE, CALIF. — Adventist Health System West has leased more than 37,000 square feet of space at 1101 Creekside Ridge Drive in Roseville. The two-story building offers 88,000 square feet of office space. Tom Bacci of Grubb & Ellis represented the tenant; Jon Walker, also of Grubb & Ellis, represented the landlord, RREEF America REIT II Corp., in the transaction. Additional terms of the lease were not released.