LONE TREE, COLO. — Developer and design-builder Opus Northwest has started construction on the 100,000-square-foot second phase of the Lincoln Commons Retail District at Ridgegate in Lone Tree. Sprouts Market will anchor the second phase upon completion in the summer of 2010. The Mulhern Group is the project architect, and the project owner is Lincoln Commons North Inc.
Western
SAN DIEGO — Grubb & Ellis|BRE Commercial has presided over the $13.8 million sale of the 42,973-square-foot ground-floor retail space occupied by Albertson’s at Market Street Village in San Diego. Grubb & Ellis’s Chuck Klein, Tim Winslow, Kevin Held and Jason Kimmel represented the seller, EVALBS LLC. Douglas Hamm of Narven Enterprises Inc. represented the buyer, LIAD LLC.
CHINO, CALIF. — Represented by Voit Real Estate Services’ Commercial Brokerage division, Westinghouse Lighting Corporation has leased a new 137,523-square-foot building at 6718 Bickmore Avenue in Chino. Relocating from Santa Fe Springs, Westinghouse Lighting will use the new location as its regional distribution facility. Voit’s Peter Castleton represented the tenant in the transaction, and Jim Koenig of CBRE represented the landlord, Manulife Financial.
AUBURN, WASH. — On behalf of Panattoni Development, The Andover Company Inc./CORFAC International has handled Pacific Cascade’s lease of the remaining 48,885 square feet at Auburn Park 277, a 141,970-square-foot high-bay distribution building in Auburn that was completed by Panattoni in June 2008. The Andover Company’s Brian Bruininks and George Rockwell represented the owner in the transaction.
FRUITA, COLO. — Stan Johnson Co. has brokered the sale of a Walgreens store in Fruita, located along Interstate 70, just 15 miles west of Grand Junction. An individual investor purchased the 14,490-square-foot store in a tax-deferred 1031 exchange. Stan Johnson Co.’s Ken Hedrick and Jerry Hopkins represented the seller, a merchant Walgreens developer, and the firm’s Jim Gibson represented the buyer. This constitutes the 17th drugstore transaction for the brokerage firm in 2009.
PHOENIX — CB Richard Ellis (CBRE) has negotiated a 38,988-square-foot lease at a warehouse/distribution building located at 1511 S. 47th Ave. in Phoenix. Pat Feeney, Dan Calihan and Rusty Kennedy of CBRE’s Phoenix office represented the landlord, Los Angeles-based EJM Development, in the 3-year lease agreement. Lee & Associates’ Allen Lowe represented the tenant, Calhoun, Ga.-based Mohawk Industries Inc. Financial terms of the transaction were not disclosed.
SAN CLEMENTE, CALIF. — A 1,300-square-foot The Flame Broiler restaurant recently opened at Centro Properties Group’s Ocean View Plaza, located between Camino de los Mares and Interstate 5 in San Clemente. NAI Capital’s Les Yamamoto represented The Flame Broiler, and Centro Properties Group was represented in house by Matthew Berger and Gavin Gray.
PORTLAND, ORE. — Reno, Nevada-based DP Partners will break ground on a 10.7-acre, 105,000-square-foot build-to-suit headquarters property in Portland for Morgan Distributing LLC. Located at LogistiCourt at Portal Way, the new building will accommodate Morgan’s central operations as well as the warehousing and distribution of Anheuser-Busch products when completed in spring 2010. Group Mackenzie and Perlo McCormack Pacific, both based in Portland, are the architect and contractor, respectively, on the project.
BARSTOW, CALIF. — Revolutions has purchased the more than 35,000-square-foot Barstow Bowling Alley, located at 750-760 East Main Street in Barstow. Dr. Ronald J. Barbieri of the Inland Empire North office of Lee & Associates represented both the buyer and undisclosed seller in the transaction.
LOS ANGELES — Restaurateur James Li has opened a new 1880 Café on the ground floor of Held Properties’ 1880 Century Park East office building, located in the Century City submarket of Los Angeles. The restaurant’s 1,100-square-foot interior incorporates green building materials such as low VOC paint.