GOODYEAR, ARIZ. — Binswanger has negotiated a 460,000-square-foot industrial lease on behalf of a solar-related tenant at the former Rubbermaid manufacturing site in Goodyear. Binswanger’s Doug Heller, Eric Dienstbach and Rob Gemerchak represented both the lessee and the landlord, BET Investments, in the transaction.
Western
ONTARIO, CALIF. — Grubb & Ellis has represented Saddle Creek Corp. in a 432,308-square-foot warehouse/distribution lease at 5431 E. Philadelphia St. in Ontario. The third-party logistics company immediately took occupancy at the ProLogis Corp. property after signing a 5-year lease. Grubb & Ellis’ Ron Washle and Mark Kegans teamed up with Ladson Montgomery of Grubb & Ellis|Phoenix Realty Group to represent the Lakeland, Fla.-based lessee in the transaction; the property’s landlord represented itself.
LOS ALTOS, CALIF. — Cassidy Turley BT Commercial has negotiated the more than $6 million investment sale of a two-story, 14,250-square-foot office building located at 110 First Street in downtown Los Altos. Cassidy Turley’s Kalil Jenab and Greg Pickett represented the seller in its disposition of the totally vacant property to 110 First Street LLC.
LAS VEGAS — Marcus & Millichap has brokered the $2.75 million acquisition of Silver Creek Office, a 43,226-square-foot complex located at 9708-9848 Gilespie Street in Las Vegas. Sixty percent occupied at the time of sale, the property consists of five separately parceled buildings with 174,000 square feet of excess land for future development. Marcus & Millichap’s Ned Zivkovic, Tina Taylor, Andy Glinski and Jacob Steele represented the buyer, a private investor, in the all-cash transaction.
ANAHEIM, CALIF. — Ashwill Associates has negotiated Advantage Mailing Inc.’s nearly $11.2 million acquisition of a 154,225-square-foot industrial property located at 1600 N. Kraemer Blvd. in Anaheim. Ashwill’s Steve Brackmann and Shaun Kearney represented the buyer in the transaction, and CB Richard Ellis’ Ben Seybold, Ian Britton, Rick McGeagh and Darren Kim represented the seller, Crossroads Investors LP.
GILROY, CALIF. — Libitzky Property Cos. has purchased a 125,000-square-foot warehouse and manufacturing facility, located at 8190 Murray Ave. in Gilroy, for $5.5 million. Lee & Associates’ Drew Fischer and Jesse Lucas represented the buyer in the sale-leaseback transaction, and Marcella Harrison of GVA Whitney represented the seller, Angelica Corp.
HOLLYWOOD, CALIF. — On behalf of the Lowe California Community Fund, Lowe Enterprises has acquired the 100-unit Lido Apartments, located at 6500 Yucca Street in Hollywood, for $9.4 million. Lowe acquired the five-story building, which was built in 1928, in an off-market transaction brokered by Darin Beebower of Madison Partners. Virtu Property Management will handle management and leasing at the Lido as well as oversee the property renovations.
LOS ANGELES — PMCF Properties LLC has sold an 82,000-square-foot office building, located at 12304 Santa Monica Blvd. in west Los Angeles, for $16 million. Built in 1981, the three-story, multi-tenant office building was 55 percent occupied at the time of sale. Madison Partners’ Bob Safai, Lynwood Fields and Joe King represented the seller in the lender-facilitated transaction, and Craig Newlands and T.C. Macker of Coldwell Banker Commercial WESTMAC represented the buyer, 12304 Santa Monica Blvd LLC.
IRVINE, CALIF. — Grubb & Ellis has represented JPMorgan Chase Bank in a 5-year, 127,718-square-foot office lease renewal at 1833 Alton Parkway in Irvine. Grubb & Ellis’ Chon Kantikovit, Maury Gentile and Mike Carson represented the financial services firm, which utilizes the facility for loan servicing operations. Legacy Partners, the property’s landlord, represented itself in the transaction.
CITY OF INDUSTRY, CALIF. — Lee & Associates has negotiated Sun Hing Foods’ almost $10 million purchase of an 111,794-square-foot industrial property located at 14841 Don Julian Road in the City of Industry. Constructed in 2002, the distribution facility includes 12,104 square feet of modern office space and 21 dock-high truck-loading positions. Lee’s Adam Dzierzynski and Dennis Keane represented the buyer, a food wholesaler and distributor, in the transaction, and Colliers International’s Patrick Remolacio represented the seller, Bechler Corp.