SAN MARCOS, CALIF. — Sawtooth Development Group has completed the first two phases of Windy Point Corporate Center, a master-planned three-phase complex in San Marcos. The University of St. Augustine for Health Sciences is leasing a total of 75,000 square feet of space at the center, including 30,000 square feet in the first phase, 20,000 square feet in the second phase and 25,000 square feet in the third phase. The first phase of the complex features 40,000 square feet in two buildings. Construction on phase three is slated to begin in November with completion scheduled for November 2010. Peter Curry and Matt Campbell of Grubb & Ellis|BRE Commercial represented the lessee; Curry, Campbell and Mike Erwin, also of Grubb & Ellis|BRE, represented the landlord in the lease transaction.
CHANDLER, ARIZ. — Q10|Dwyer-Curlett has arranged a $16.25 million permanent construction loan through The Guardian Life Insurance Company of America. The loan is for a three-building, 133,122-square-foot business park, which is slated for development in Chandler. The borrower was not disclosed.
CALIFORNIA — NAI Capital’s Newport Beach, Calif., office has brokered two deals totaling more than $3.5 million in California. In the first transaction, David Knowlton of NAI Capital and David Bauman of NAI Utah represented the seller, Corporation of the Presiding Bishop of the LDS, in the sale of 4 acres of vacant land, which is located at 10635 N. Woodman Ave. in Mission Hills. Syrian Orthodox Patriarchate of Antioch purchased the property for $2.1 million. Knowlton represented the buyer. In the second transaction, Brian Childs and JR Williams of NAI Capital represented the lessor, 27611 La Paz LLC, in the lease of an 11,045-square-foot industrial building in Laguna Nigel. All Motion Hockey Training leased the property, which is located at 27612 El Lazo, Suite 100, for $1.5 million.
PHOENIX — McShane Development Company/Buchanan Street Partners have developed 101 Medial Office Center, a four-story, 80,000-square-foot medical office in Phoenix. Located at Thomas Road and 91st Avenue, the property offers medical office suites starting at 2,000 square feet with flexible floor plans for custom layouts and configurations. McShane Construction Company provided design/build construction services; The Orcutt/Winslow Partnership provided architectural services for the project.
CARLSBAD, CALIF. — Construction is complete for ECR Corporate Center, a two-building, 90,000-square-foot complex located at 6250 and 6260 El Camino Real in Carlsbad. The project consists of Tri-City Wellness Center, a two-story, 63,000-square-foot building, and a two-story, 27,000-square-foot medical office building. The Tri-City Wellness Center is a health club and rehab facility that offers lap, exercise and therapy pools; spas; a walking and running track; exercise studios; locker rooms; and physical therapy rooms. The medical office building is being managed by Tri-City Medical Center. Smith Consulting Architects provided architectural services for the project. Lusardi Construction served as general contractor.
FOUNTAIN VALLEY, CALIF. — Mitsubishi Materials U.S.A. is breaking ground on a 52,840-square-foot headquarters facility, which will be located in Southpark Business Center in Fountain Valley. The company, which is currently headquartered in Irvine, Calif., has signed a 10-year lease with Southpark Business Center to occupy the building. Dave Desper and Chip Wright of CB Richard Ellis represented Mitsubishi Materials U.S.A. in the lease transaction.
REDLANDS, CALIF. — Kenco Logistic Services LLC has signed a 60-month lease for 517,346 square feet of space within Watson Commerce Center Redlands in Redlands. The lease is valued at more than $11 million. Kenco will use the LEED-certified facility as a cross-dock operation for all order fulfillment, shipping, receiving and inventory management of Ralston Foods’ Post brand cereal business. The facility is located at 26875 Pioneer Ave. Kenco is a third-party logistics solutions company. Ron Washle and Mark Kegans of Grubb & Ellis represented Kenco Logistic Services; Tom Taylor, Steve Bellitti and Josh Hayes of Commercial International represented the landlord, Watson Land Company, in the transaction.
LAS VEGAS — NorthMarq Capital has arranged first mortgage financing of $8.7 million for the Indian Ridge Apartments, a 184-unit apartment complex located in Las Vegas. Financing was based on a 15-year term and a 15-year amortization schedule. The lender was 40/86 Mortgage Capital.
CASTAIC, CALIF. — Castaic Universal Investors LLC has completed the development of Castaic Lake Plaza, a two-building complex located at 31905 and 31929 Castaic Rd. in Castaic. The project consists of a 15,000-square-foot Class A medical/professional office building and a 7,500-square-foot retail building, which is divisible to 750 square feet. Initial tenant occupancy for both buildings is slated for summer. The Equipoise Group and PacifiCal Development developed the project. Calabasas, Calif.-based Leslie Lippich Architect & Associates provided architectural services; Burbank, Calif.-based McCormick Construction served as general contractor for the project.
LITTLETON, COLO. — Sugarberry Holdings LLC has purchased 293 and 343 West Powers Place and 5600 and 5665 South Bannock Street in Littleton. The properties, which total 98 units, sold for $4.18 million. Greg Price of Marcus & Millichap’s Denver office represented the seller, Chase Bank, in the transaction.