LITTLETON, COLO. — Marcus & Millichap has handled Westwood Financial Corp.’s more than $10 million sale of the 122,446-square-foot Coalmine Shopping Center, a grocery-anchored neighborhood center located at West Coal Mine Ave. and South Pierce St. in Littleton. Built in 1976 and renovated in 2006, the property is 92 percent occupied, including anchor tenant King Soopers, Ace Hardware and Goodwill. Marcus & Millichap’s Garrette Matlock and Jon Hendrickson represented Westwood in its sale of the center to New York-based partnership Rothenberg and Rosenfield Inc.
Western
CERRITOS, CALIF. — Voit Real Estate Services has brokered Bixby Land Co.’s $6.95 million sale of a 100,000-square-foot industrial building located at 17211 Valley View Ave. in Cerritos. United Exchange Corporation, an import/export firm, purchased the property. Cameron Driscoll and Luke McDaniel of Voit, a member of CORFAC International, represented the seller in the transaction, and the buyer was represented by Daum Commercial Real Estate Services.
RIO RANCHO, N.M — Tallen & Keshen Holdings has acquired a newly opened Walgreens, located adjacent to an approximately 340,000-square-foot hospital complex currently under construction in Rio Rancho. The store’s sales will benefit from a drive-through pharmacy, a full liquor department and eventually fresh-food selections.
GOODYEAR, ARIZ. — Suntech Arizona LLC and its parent company Suntech Power Holdings Co. have selected a Phoenix area site for its first U.S. solar plant. In a transaction negotiated by CORFAC International’s Anton Qiu (TRI Commercial in San Francisco) and Andrew Jaffe (Commercial Property Inc. in Tempe, Ariz.), Suntech selected 3801 South Cotton Lane in Goodyear, a property owned by Duke Realty, for its new 118,000-square-foot headquarters and manufacturing plant. Suntech Arizona plans to occupy the facility around July 1 after a major tenant-improvement project.
DUBLIN, CALIF. — Colliers International has arranged Loja Real Estate Fund 1’s purchase of The Shops at Waterford, located at 4440 Tassajara Road in Dublin, from Shea Properties for what is believed to be a price of $44 million. The shopping center is anchored by a 55,000-square-foot Safeway and integrated with a 390-unit apartment complex. Colliers’ Kevin Van Voorhis and Scott Kinsey represented the buyer in the transaction, and Eastdil Secured’s Chris Hoffman and Robb Wehmueller represented the seller.
COLORADO SPRINGS, COLO. — Atlanta-based Apartment Realty Advisors (ARA) has handled Corman Leigh’s $19 million sale of the 240-unit Bellaire Ranch apartment community, located near the front gate of Fort Carson in southeast Colorado Springs, to Denver-based Capital Real Estate. Built in 2003 and the only Class A apartment community in its submarket, Bellaire Ranch was 98.3 percent occupied at the time of the sale. ARA’s Doug Andrews, Jeff Hawks, Ken Greene and Kevin McKenna represented the seller in the transaction.
LAS VEGAS — CORE Construction-Nevada has completed the new five-story, 187,467-square-foot Campos Office Building and Parking Structure at 215 E. Bonanza Road in Las Vegas. The Nevada State Public Works Board contracted CORE to complete the $26.8 million project, which began in early March 2008. Designed by award-winning SH Architecture to meet or exceed a LEED Silver rating, the project included demolition of the original two-story, 40,000-square-foot structure on the 1.6-acre site. The Nevada State Department of Parole and Probation occupies a majority of the building, and the Nevada Department of Transportation is also a tenant.
LOVELAND, COLO. — Investment group MJB RV2 LLC has purchased the three-story, 39,000-square-foot Rangeview Two lakefront office building for $10.75 million. Built in 2006 and 100 percent occupied, Rangeview Two is part of the Rangeview office campus on Rocky Mountain Avenue in Centerra, McWhinney’s 3,000-acre, master-planned development. Peter Kast of Fort Collins, Colo.-based Realtec Commercial Real Estate and Mark Norem of Montana-based Mark Norem Real Estate assisted in the Class A office sale.
SANTA ANA, CALIF. — Lee & Associates has arranged the $1.5 million purchase of a 14,784-square-foot industrial building located at 2614 Rousselle St. in Santa Ana. Greg Diab and Jack Haley of Lee & Associates – Orange Inc. represented the undisclosed buyer in the transaction, and Steve Eberle of the Eberle Company represented the seller, Kuntz Real Estate Trust.
MUKILTEO, WASH. — InterContinental Hotels Group (IHG) has opened a new 134-room Staybridge Suites located at 9600 Harbour Place in Mukilteo. The Staybridge Suites Seattle North-Everett is owned and managed by Mukilteo Hotel LLC, an affiliate of the 360 Hotel Group, under a license agreement with a company in IHG. The five-floor property features three suite options — deluxe studio, one-bedroom and two-bedroom/two-bath — all of which include in-room DVD/CD players and fully equipped kitchens. On-site amenities include an indoor pool; a five-hole putting green; complimentary guest laundry and workout facilities; a complimentary 24-hour business services center; a guest library; and BridgeMart®, the hotel’s 24-hour convenience store.