GOODYEAR, ARIZ. — Kitchell Development and Newland Communities have partnered to develop Mountain Ranch Marketplace, a 22-acre shopping center located at the entrance to the master-planned Estrella community in Goodyear. The 109,000-square-foot first phase is currently under construction. The center will be anchored by a 49,343-square-foot Bashas’ Supermarket, which is slated to open in November. Other signed tenants include Mini-Skool Early Learning Centers, Chase, Walgreens, Papa John’s, Great Clips, The UPS Store, Estrella Family Cosmetic Dentistry and Nails of the World. Designed by Butler Design Group in a cottage-bungalow style, the center will offer 165,000 square feet of grocery and retail space when completed.
SHERMAN OAKS, CALIF. — Jared Levine of RE/MAX Commercial – Sherman Oaks represented the undisclosed Los Angeles-based buyer in the acquisition of a two-building multifamily property. Located in Sherman Oaks, the 80-unit property sold for $9.5 million. Hirsch Sherman of RE/MAX Commercial – Sherman Oaks represented the undisclosed San Fernando Valley, Calif.-based seller in the transaction.
LAS VEGAS — Chris Cunning of Marcus & Millichap’s Las Vegas office represented both parties in the disposition and acquisition of Parksale Plaza, a 27,850-square-foot shopping center in Las Vegas. Located at 4171-4213 Boulder Highway, the property sold for $4 million or $144 per square foot. At the time of acquisition, the property was 100 percent occupied by six tenants.
COLORADO SPRINGS, COLO. — Love Funding has secured a $9.4 million refinance loan for Apollo Village, a multifamily property located in Colorado Springs. The 496,623-square-foot property features 216 apartment units. The borrower, Apollo Apartments LLC, received a 6.25 percent fixed-rate loan with a 35-year amortization schedule.
COMMERCE, CALIF. — ACCO Engineering Systems has purchased a 150,000-square-foot industrial property, which is located at 6446 E. Washington Blvd. in Commerce. Joseph T. Ryerson & Son Inc. sold the property for $15 million. Paul Sablock, Greg Matter, Barry Hill and Zac Sakowski of Jones Lang LaSalle represented the buyer; Jack Whalen of McKinney Travers represented the seller in the transaction.
HEMET, CALIF. — Barnhart Inc., serving as general contractor, has completed the construction of Tahquitz High School in Hemet for Hemet Unified School District. The $110 million, 238,145-square-foot campus serves 2,400 students and was funded by Measures E and T general obligation bonds, which were approved by voters in 2002 and 2006. The 83-acre campus features five classroom buildings, science and art labs, music rooms, a 500-seat performing arts center, a 1,200-seat gymnasium with three basketball courts, baseball and softball fields, an Olympic-size pool, special education classrooms, an administration center, an auto shop, tennis courts, and a 4,000-seat football and track stadium. Trittipo Architecture & Planning provided architectural services for the project.
CARLSBAD, CALIF. — Pacific Ridge School has acquired a 4-acre land parcel, which is located on the corner of El Fuerte Street and Poinsettia Lane in Carlsbad. The Corporation of the Presiding Bishop of The Church of Jesus Christ of Latter-day Saints sold the property for $4.05 million. The buyer plans to develop the site for its own use. Bill Hensley and Colleen Knowlton of Hensley Properties represented the buyer; David Knowlton of NAI Capital’s Newport Beach, Calif., office represented the seller in the transaction.
LA JOLLA, CALIF. — Construction is complete on a 2,878-square-foot professional office building in La Jolla. Located at 7841 Fay Ave., the two-story property offers a 780-square-foot interior courtyard. Mike Slattery and Erika Kruse of Grubb & Ellis|BRE Commercial are listing the property on behalf of the undisclosed owners.
SAN DIEGO — Clem Abrams has completed the development of Abrams Westview Plaza, a 96,481-square-foot, Class A office building located along Interstate 15 in the Scripps Ranch area of San Diego. The three-story multi-tenant facility features tilt-up concrete wall panels, limestone tile accents, high performance glazing and an overhead glass canopy supported by cantilevered steel framing highlights. Additionally, the property offers a two-level, 69,000-square-foot parking structure. Bycor Construction served as general contractor for the project. Smith Consulting Architects provided architectural services. Tom Nicholas and Pat Rohan of Cushman & Wakefield are leasing agents for the property.
PHOENIX — Orange, Calif.-based American Technologies has acquired a 33,502-square-foot build-to-suit facility at Parkside Business Center, which is located on the northeast corner of Parkside Lane and 23rd Avenue in Phoenix. Phoenix-based LGE Corp. sold the property for $5.1 million. Bill Bayless, Andrew Brigham and David Consani of CB Richard Ellis represented the buyer; Bob Kling of Lee & Associates Commercial Real Estate Services represented the seller in the transaction.