AURORA, COLO. — Barry Higgins and Eric Kimose of Marcus & Millichap’s Denver office represented the undisclosed seller in the disposition of Chambers Center Anchor, a vacant, 41,384-square-foot single-tenant property in Aurora. Located at 15220 East 6th St., the property sold for $1.82 million. The buyer was an undisclosed Englewood, Colo.-based partnership.
Western
SAN DIEGO — Coronado Isle Townhomes LLC has purchased Bankers Hill Apartments, a 10-unit apartment building located at 2234-2244 Brant St. in San Diego’s Bankers Hill district. The property is 90 percent complete with approximately $700,000 worth of improvement needed before occupancy. The 13,286-square-foot building offers two one-bedroom units and eight two-bedroom units averaging 1,327 square feet. Merrick Matricardi, Eric Comer and Jim Neil of CB Richard Ellis represented the buyer; the seller, East West Bank, was self-represented.
COSTA MESA, CALIF. — Boston-based Berkshire Property Advisors LLC has acquired Glo, a 201-unit multifamily apartment community located in downtown Los Angeles, for $47.5 million or $236,318 per unit. The property was acquired from a joint venture between Vancouver, Wash.-based Holland Partners and other equity partners. Located at 1050 Wilshire Blvd., the 353-unit property consists of two five-story buildings connected by a sky bridge. Glo offers studio, one-, two- and three-bedroom units with an average unit size of 1,010 square feet. Each apartment features stainless steel appliances, granite kitchen countertops, central air and heating, and a full-size washer/dryer. The community also features two landscaped plazas, a pool area with Jacuzzi and private cabanas, a clubhouse, a two-story fitness center and a soundproof screening area. Additionally, Glo features 8,453 square feet of ground-level retail space, which is currently anchored by a Starbucks Coffee. The West Coast office of Chicago-based Moran & Company brokered the transaction.
PHOENIX — Pacifica Real Estate Group has purchased Southbank II, a 120,778-square-foot office building in Phoenix for $20.14 million. Located at 3255 E. Elwood, the property is fully occupied by two long-term net leases, including The University of Phoenix. The seller was A&B Properties. Bob Buckley, Steve Lindley and Tracy Cartledge of Grubb & Ellis|BRE Commercial represented both parties in the transaction.
NEWBERG, ORE. — Newberg-based ABM Properties LLC has acquired Mt. View Duplex Homes, which is located at 1907 N. College St. in Newberg. The Estate of Donald K Saxton sold the 16-unit property for $1.12 million. Grayson Pounder of Hendricks & Partners’ Portland, Ore., office represented both parties in the transaction.
SALT LAKE CITY — CBRE Debt & Equity Finance has arranged $9 million in permanent financing for Landmark II, a 213,334-square-foot industrial facility located in Salt Lake City. Terms of the first mortgage include 25-year amortization and 3-year term at 6.25% with two 1-year extension options. Ray Walker and Doug Birrell of CBRE Debt & Equity Finance arranged the funding.
SEATTLE — GVA Kidder Mathews has brokered the sale of two multifamily properties in Seattle. In the first transaction, Trimark XVI LLC and Trimark University Housing LLC purchased a 15,740-square-foot multifamily property, which is located at 5219 Brooklyn Ave. N.E., from D&F Housing LLC for $4.63 million. In the second transaction, Royal Manor LLC completed the disposition of a 12,659-square-foot multifamily property, which is located at 1519 NE 50th St., to Trimark XVI LLC and Trimark University Housing LLC for $4.8 million. Mark McAlister and Marty Leith of GVA Kidder Mathews represented all parties in the two transactions.
RANCHO CUCAMONGA, CALIF. — Holliday Fenoglio Fowler (HFF) has secured a $22.1 million refinancing with Freddie Mac for Fairway Palms Apartments, a 236-unit multifamily community in Rancho Cucamonga. Located at 111201 5th St., the property features one-, two- and three-bedroom units, a swimming pool, a fitness center and a clubhouse. At the time of acquisition, the property was 94 percent leased. Whit Wilcox of HFF placed the 7-year, adjustable-rate loan with the Federal Home Loan Mortgage Corp.
SAN DIEGO — Construction is currently underway for San Diego Mesa College Allied Health Building, which is located at 7250 Mesa College Dr. in the Clairemont area of San Diego. Situated off the campus’ main entrance, the $20 million, three-story 50,000-square-foot building is being designed by San Diego-based Architects|Delawie Rodrigues Barker. The facility will house a computer lab, classrooms, a clinical dental lab, a physical therapy lab and a medical lab, as well as faculty and staff offices. McCarthy Building Companies Inc. is serving as general contractor for the project.
RANCHO CUCAMONGA, CALIF. — Holliday Fenoglio Fowler (HFF) has secured a $22.1 million refinancing with Freddie Mac for Fairway Palms Apartments, a 236-unit multifamily community in Rancho Cucamonga. Located at 111201 5th St., the property features one-, two- and three-bedroom units, a swimming pool, a fitness center and a clubhouse. At the time of acquisition, the property was 94 percent leased. Whit Wilcox of HFF placed the 7-year, adjustable-rate loan with the Federal Home Loan Mortgage Corp.