GLENDALE, ARIZ. — Phoenix-based Irwin Union Bank has completed the $1.7 million disposition of Glen Park, an 88-unit multifamily property located at 6301 N. 64th Dr. in Glendale. The Class C property consists of 10 two-story buildings offering one-, two- and three-bedroom units, which average 795 square feet. Community amenities include covered parking, an on-site laundry facility, a pool, courtyards and landscaping. Ric Holway of Hendricks & Partners’ Phoenix office represented the seller. The buyer was not disclosed.
UKIAH, CALIF. — Santa Monica, Calif.-based Columbus Pacific Properties has acquired Ukiah Crossroads Shopping Center, a 110,000-square-foot retail center located at North State Street and US 101 in Ukiah. The center is anchored by a 61,046-square-foot Raley’s supermarket. The buyer was represented in-house by Phillip Duke; Dan Wald, Dave Nord, Steve Holm, Mark Koenig and John Schaefer of Terranomics Retail Services represented the seller, a joint venture between Kimco Realty Corp. and Prudential Real Estate Investors, in the transaction.
HAYWARD, CALIF. — Jesse Lucas of Lee & Associates represented an undisclosed buyer in the acquisition of a two-building package warehouse, which is located at 27,317 and 27279 Industrial Blvd. in Hayward. LRF Properties sold the 66,612-square-foot property for $5.5 million. The seller was represented by BT Commercial.
TOLLESON, ARIZ. — First Industrial Realty Trust has leased 98,230 square feet of distribution space to Holsum Bakery, a subsidiary of Flowers Foods Inc. Located at 9180 W. Buckeye Rd. in Tolleson, the space will be used to distribute Holsum Bakery’s breads, buns and rolls to locations throughout Arizona and California. The cross-docked facility features 29-foot clear heights, space for future expansion, large truck courts, trailer parking, frontage on Buckeye Road and proximately to Interstate 10 and the Loop 101 freeway. Gordon Rasmussen of Martin Property Advisors, along with Joe Porter, Pat Feeney, Dan Calihan and Rusty Kennedy of CB Richard Ellis, brokered the transaction.
IRVINE, CALIF. — AFCowan has purchased a 10,568-square-foot office property in Irvine. Located at 17772 Cowan, the property sold for $3.45 million. Greg Sargenti of Voit Real Estate Services represented the buyer; David Bolt and Chip Wright of CB Richard Ellis represented the seller, Carmen LLC, in the transaction.
SAN DIEGO — Carlsbad, Calif.-based Allgire General Contractors, serving as general contractor, has completed the construction of Studio 15, a $24.2 million multifamily property located at 70 15th St. in San Diego’s East Village area. The 122,462-square-foot property features 275 studio residences with a seating lounge area, underground parking, a resident café, a television room and interior courtyard amenities. The project was developed by Affirmed Housing Group. Rick Engineering Co. and Carrier Johnson also assisted with the project.
ORANGE COUNTY, CALIF. — The Leaverton Company has selected Essex Realty Management to provide leasing, property and construction management for its 800,000-square-foot Orange County portfolio of multi-tenant business parks. The currently 84-percent-occupied portfolio includes the 452,000-square-foot La Palma Business Park, the 102,000-square-foot Orangethorpe Business Park, the 197,000-square-foot Anaheim Business Park and the 50,000-square-foot L Business Park in Orange, Calif.
OCEANSIDE, CALIF. — DEI LLC has purchased La Pacifica, a 226,220-square-foot industrial project in Oceanside, for an undisclosed price. Located at 3801, 3809 and 3817 Ocean Ranch Blvd., the property was approximately 80 percent leased at the time of acquisition. Rusty Williams and Larry Strickland of Lee & Associates represented the buyer; Brian Driscoll, Rick Redder and Dennis Visser of Grubb & Ellis|BRE Commercial represented the seller, RREEF, in the transaction.
REDLANDS, CALIF. — ProLogis has leased 498,000 square feet to Continental Tire North America (CTNA), a business of Continental AG. CTNA will occupy space at a recently developed 600,000-square-foot distribution facility within ProLogis Park Redlands in Redlands. CTNA will use the space to store and distribute tires to its customers throughout the region.
ALBUQUERQUE, N.M. — Ed Graf and Ted Sannella of Houlihan-Parnes Realtors has brokered the acquisition of The Ladera Shopping Center in Albuquerque. Located at 3301 Coors Blvd. N.W., the property offers 128,712 square feet of retail space. Built in 1986, the center is currently 95 percent occupied by 23 national, regional and local tenants, including John Brooks Supermarket, Dollar Tree, Taco Cabana, Bank of Albuquerque, Planet Fitness, the UPS Store, Supercuts, H&R Block and T-Mobile. The undisclosed buyer assumed the existing financing of $8.96 million at 5.25 percent interest only through the maturity of the loan. Additional details regarding the transaction were not disclosed.