SAN JOSE, CALIF. — Kimberly O’Sullivan has purchased a 43,250-square-foot research and development building, which is located at 1525-1531 Atteberry Lane in North San Jose. Jane S. Roos et al. sold the property, which includes a fenced parking/yard area, for $3.5 million or $81 per square foot. The buyer plans to occupy a portion of the facility. Kevin Sweatt of NAI BT Commercial San Jose and Charles Strouss of GVA Kidder Mathews represented the buyer in the transaction.
PUEBLO, COLO. — Randy Lee of Mumford Co.’s Dallas office represented Motel 6 and Accor Hospitality in the sale of the Motel 6 property in Pueblo. The buyer, Rocky Mountain Lodging, plans to re-brand the hotel to an alternative franchise. The acquisition price was not disclosed.
UNION CITY, CALIF. — RJAN, dba 99 Ranch Market, has acquired a 35,400-square-foot warehouse building for $2.5 million or $71 per square foot. Located at 2821 Faber St. in Union City, the property is adjacent to 99 Ranch Market’s new distribution center. The seller was Diane Davies. Sam Higgins and Tom Damaschino of NAI BT Commercial Oakland, Calif., represented the buyer in the transaction.
ONTARIO, CALIF. — Myers Power Products has acquired a manufacturing, distribution and warehouse facility, which is located at 2950 Philadelphia in Ontario. TA Associates Realty sold the 221,921-square-foot property for $14.6 million. Myers is a manufacturer of electrical switchgear, service pedestals, custom cabinets and enclosures, UPS, and emergency power and emergency lighting systems. Chris Migliori of DAUM Commercial Real Estate Services represented the buyer; Mark Zorn and Tal Siglar, also of DAUM, represented the seller in the transaction.
LAS VEGAS — Conti Properties has acquired an industrial property, which is located at 3965 W. Post Rd. in Las Vegas. Lehigh Nevada Corp. sold the 24,893-square-foot property for $3 million. Brian Riffel of Colliers International – Las Vegas represented the seller in the transaction.
TUCSON, ARIZ. — CB Richard Ellis has brokered four leases at Tri-Pointe Plaza, a 153,000-square-foot office property located at 6367 E. Tanque Verde Rd. in Tucson. David Volk and Bruce Suppes of CBRE’s Tucson office represented the landlord, Los Altos, Calif.-based Tri Pointe Tucson, in the transactions. San Diego-based Sony Online Entertainment signed a 5-year lease for 10,823-square-feet of office space. Bob Davis and Howard Kong of Grubb & Ellis Tucson represented the tenant. Tucson-based Bayada Nurses Inc. signed a 7-year, 5,882-square-foot lease. Dr. Ellen Elchler inked a 7-year lease for 2,660 square feet of space. Additionally, Cory G. Hicks & Associates signed a 5-year, 2,150-square-foot lease. Tom Nieman of PICOR Commercial represented the tenant. Financial terms of the transactions were not disclosed.
LOS ANGELES — Dallas-based 7-Eleven Inc. is planning an aggressive growth plan for Southern California. The company plans to open more than 100 stores across the region in the next 3 years. The expansion will span seven counties: Los Angeles, Orange, Riverside, San Bernardino, San Diego, Ventura and Santa Barbara. The expansion investment for 2009 is approximately $50 million and expected to be more than $60 million for 2010. The company has hired CB Richard Ellis to serve as its exclusive brokerage firm in Southern California.
PORTLAND, ORE. — ProLogis has leased Building 4, a 246,000-square-foot industrial facility, to CNH Parts Service, the product support business of agricultural and construction equipment maker CNH Global. The space is located at ProLogis Park PDX, which is located near the intersection of Interstate 84 and Northeast 148th Avenue in Portland. This lease brings the 500,000-square-foot facility to full occupancy. CNH plans to use the space to distribute replacement parts and serve more than 130 New Holland, Case IH and Case Construction equipment dealerships in the Pacific Northwest. Additional terms of the transaction were not disclosed.
BURBANK, CALIF. — Preferred Media has signed a 10-year lease for 46,934 square feet of industrial/warehouse space at 2777 N. Ontario St. in Burbank. The company will consolidate several facilities into the new space. Steve Scott of Lee & Associates-LA North/Ventura represented the tenant; Gregory Geraci and David Harding of CB Richard Ellis represented the landlord, Second Street Ventures, in the transaction.
LOS ANGELES — The Grubb & Ellis Los Angeles offices have completed two transactions in the area. In the first transaction, MNM Group sold an 8,000-square-foot office complex, which is located at 1721-1725 Victory Blvd., for $1.8 million to The Witkin Family Trust. Darren Cline, George Stavaris and Colette Ramirez of Grubb & Ellis’ North Los Angeles office represented both parties. In the second transaction, Dana Brody of Grubb & Ellis’ West Los Angeles office represented the undisclosed seller in the $1.3 million disposition of 1234 North Virgil Avenue, a nine-unit multifamily property. Matt Artukovich of Lee & Associates represented the undisclosed buyer.