EL CAJON, CALIF. — San Diego-based The Conrad Prebys Trust has purchased The Grove, a 144-unit multifamily community located at 346 Jamacha Rd. in El Cajon, for $14.7 million. Constructed in 1973, the community offers one-, two- and three-bedroom units with vertical blinds, refrigerators and dishwashers in select units. Additionally, the property features a swimming pool and spa, a sauna, a fitness room, a playground and on-site laundry facilities. Allen Chitayat of Hendricks & Partners’ San Diego office represented the seller, Los Angeles-based Grove Apartments LLC, in the transaction.
CORE CONSTRUCTION COMPLETES SUNSET PROFESSIONAL OFFICE BUILDING, TENANT IMPROVEMENTS LAS VEGAS — CORE Construction—Nevada has completed the construction of Sunset Professional Offices and the interior build out of Las Vegas Radiology at 7150 W. Sunset Blvd. in Las Vegas. The project consists of a two-story, 31,876-square-foot medical office building and a 5,000-square-foot interior build out. Las Vegas Urology developed the property. Vedelago Petsch Architects provided architectural services for the approximately $4.4 million project.
KIRKLAND, WASH. — The Foster Foundation has acquired an office property, which is located at 13 Central Way in Kirkland, for $1.9 million. The 3,879-square-foot property is situated on 0.11 acres. The seller was Summit Properties LLC. Chris Corr of GVA Kidder Mathews represented the buyer; Dino Christopolis of Marcus & Millichap represented the seller in the transaction.
15,200-SQUARE-FOOT SELF-STORAGE FACILITY FETCHES $1.2 MILLION OCEAN SHORES, WASH. — Joel Deis, Michael Morgan and Christopher Secreto of Marcus & Millichap represented the seller in the disposition of Exact Self-Storage, a 15,200-square-foot self-storage facility in Ocean Shores. Located at 943 Point Brown Ave. S., the 73-unit property sold for $1.2 million.
ANAHEIM, CALIF. — Houston-based The Hanover Company has developed 1818 Platinum Triangle, a 265-unit luxury apartment community located within Platinum Triangle in Anaheim. The community offers one- and two-bedroom units ranging in size from 758 to 1,328 square feet; spacious master suites, gourmet kitchens, expansive living and dining areas, a resort-style heated pool, cabanas, outdoor kitchens, a grilling area and dining lanais. KTGY Group Inc., Architecture and Planning provided architectural services for the project.
MISSION VIEJO, CALIF. — Trabuco Hills Pads LLC has acquired a 24,250-square-foot portion of Trabuco Hills Shopping Center, which is located on Santa Margarita Parkway in Mission Viejo. The $14.4 million sale included Walgreens, Claim Jumper and Ramona Tire, which are located at 27785, 27845 and 27865 Santa Margarita Parkway, respectively. Dennis Vaccaro and Richard Walter of Faris Lee Investments represented the seller, Pacific Castle Props I LLC, in the transaction.
HENDERSON, NEV. — MedCapital Group has provided $7.8 million in permanent financing for a behavioral care facility in Henderson. Terms of the loan include a fixed interest rate of 6.50 percent and a 5-year term with a 30-year amortization. The 25,000-square-foot behavioral treatment center is located in a medical service area of Henderson. Todd Tidmore of MedCapital Group secured the financing on behalf of the undisclosed borrower.
CARLSBAD, CALIF. — Aric Starck, Dennis Visser and Andy Melzer of Grubb & Ellis|BRE Commercial represented RREEF in the lease of 46,353 square feet of research and development space to Medtronic Inc. Ablation Frontiers, a division of Medtronics, will occupy the space, which is located at 2210 Faraday Ave., Suite 200, within Research Center Pointe in Carlsbad. Starck also represented Medtronic in the transaction. Further details of the lease were not disclosed.
SAN DIEGO — San Diego-based H. G. Fenton Company has opened Aquatera, a residential community located at 5777 Mission Center Rd. in the Mission Valley area of San Diego. The community features one, two and three-bedroom floor plans ranging in size from 729 to 1,394 square feet. The community features a 10,300-square-foot clubhouse; a 25-meter saltwater pool; a sports club with state-of-the-art weight and cardio stations, free weights and personal television mounts; three flat-screen televisions; a Nintendo® Wii; Sony® Playstations; and a pool table.
SANTA ANA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of Home Place, a multi-tenant retail strip center in Santa Ana. Located at 1935 E. 17th St., the property sold for $4.32 million or $532 per square foot. The 8,116-square-foot center is tenanted by Union Bank, Cantaloop Yogurt, Ritz Nails and Dorazio Learning Center. James Kwon of Coldwell Banker Best Realty represented the buyer, Oh Family Trust; Carlos Lopez of Hanley Investment Group represented the seller, HPSC II LLC, an entity of Red Mountain Retail Group, in the transaction.