SAN FRANCISCO — Access Properties has purchased a 12,484-square-foot office building, which is located at 91 Westborough Blvd. in San Francisco, for $3.2 million. The buyer plans to occupy the first floor of the property; the second floor is leased by Varsity Logistics. James Marzoni and Graham Woodall of Cornish & Carey Commercial represented the buyer; Simon Clark of Grubb & Ellis represented the undisclosed seller in the deal.
Western
SANTA ANA, CALIF. — An undisclosed buyer has acquired The Atlas Building, which is located at 1833 E. 17th St. in Santa Ana. The 20,539-square-foot office building sold for $1.8 million. The property consists of 42 suites. Pasha Darvishian of Marcus & Millichap’s Newport Beach, Calif., office represented the seller, a private investor, in the transaction.
LOS ANGELES — Step It Up on Second Inc. has acquired 1057 Vine Street, a 20,700-square-foot property in Los Angeles, for $3 million. The Santa Monica-based non-profit agency plans to remodel the property, which features 32 units and ground-floor retail space, for its own use. Leonard Bailes of Bailes & Associates represented the buyer; Martin McDermott of Grubb & Ellis represented the undisclosed seller.
SAN DIEGO — LifeCare Solutions Inc. has leased 35,840 square feet of industrial space at 10115-10119 Carroll Canyon Rd. within Scripps Ranch Business Center in San Diego. The 60-month lease is valued at $2.44 million. The tenant is expanding its space to occupy an entire building from 24,406 square feet. Jeff Saywitz of The Saywitz Company represented the tenant; Bill Dolan and Chris Pascale of CB Richard Ellis represented the landlord, HG Fenton Co., in the deal.
BEVERLY HILLS, CALIF. — Hong Kong-based Allied Golden has purchased an 11,333-square-foot retail property, which is located at 414 N. Rodeo Dr. in Beverly Hills, for $28 million. The property is currently leased to Hugo Boss. Orbell Ovaness of National Equity Advisors Inc. represented the seller, Spain-based Llardo, in the transaction.
VICTORVILLE, CALIF. — The Housing Authority of San Bernardino County has acquired a $13.3 million bank note for The Andalusia, a new 168-unit multifamily property located at 13520 Third Ave. in Victorville. At the time of acquisition, 128 units were completed with 90 percent occupancy. The buyer plans to complete construction on the remaining 40 units. The property consists of 42 two-story buildings offering two- and three-bedroom units. Other amenities include a clubhouse and a swimming pool. Anton Qiu of TRI Commercial/CORFAC International brokered the deal.
LAS VEGAS — Panattoni Development Co. has acquired a 19-acre office and industrial property near Buffalo and Post roads in Las Vegas. The project consists of eight completed industrial buildings totaling 72,656 square feet and four completed office buildings totaling 25,896 square feet. The office buildings range from 6,150 to 7,446 square feet. Additionally, the project features 11 acres of fully improved land for build-to-suit or sale opportunities. Pat Marsh and Eric Molfetta of Colliers International will market the property for Panattoni.
MEDFORD, ORE. — A private investor has acquired A-1 Secured Storage, a 47,065-square-foot self-storage facility located at 1011 Narregan St. in Medford. The property consists of eight buildings and offers 252 storage units. Joel Deis, Michael Morgan, Christopher Secreto and Tony Cassie of Marcus & Millichap represented both parties in the transaction. The seller was not disclosed.
GILBERT, ARIZ. — Autoline Industrial has purchased a general industrial building, which is located at 115 N. Sunway Dr. within Sunrise Business Park in Gilbert. Built in 1998, the 20,193-square-foot property sold for $1.7 million. Joe Cryan of NAI/Horizon represented the buyer; Kris Martin of Grubb & Ellis|BRE Commercial represented the seller, Creta Hevle of Eagle Distributing, in the deal.
PALO ALTO, CALIF. — The electric vehicle maker Tesla has leased a 350,000-square-foot office from an undisclosed party to serve as its new corporate headquarters. The brownfield property, which will be renovated to environmental standards, is located at 3500 Deercreek Rd. in Palo Alto. The company will consolidate its operations from various buildings and move into its new space later this year. Shawn Kellenberger, John Yandle and Jack Lewis of Cornish & Carey Commercial/ONCOR International’s Santa Clara, Calif., office represented Tesla in the transaction.