ALBUQUERQUE, N.M. — Q10|Dwyer-Curlett has arranged a $12.6 million permanent loan for a 210,288-square-foot retail center in Albuquerque. The center is anchored by an 80,100-square-foot Pro’s Ranch Market, one of the leading Hispanic supermarket chains in the United States. Tom Kenny and Mark Durfee of Q10|Dwyer-Curlett’s Orange County, Calif., office secured the financing through UnumProvident.
SANTA BARBARA, CALIF. — McCarthy Building Companies Inc. has completed the San Clemente Parking Structure, a 785-stall parking structure for the University of California at Santa Barbara’s San Clemente Studio Housing project in Santa Barbara. Located near the west entrance of campus on Stadium Road, the $12.3 million structure comprises 271,680 square feet. The Los Angeles office of Harley Ellis Devereaux provided design services for the project.
DENVER — Seventeenth Street Plaza in downtown Denver has received LEED Gold Certification. Located at 1225 Seventeenth St., the property is the first multi-tenant property to earn the certification in the Rocky Mountain Time Zone. The 666,653-square-foot building is only one of 17 existing office properties in the United States to earn the gold certification under the Existing Building or Operations & Management (EB-OM) standard. J.P. Morgan Asset Management, the building’s owner, appointed Jones Lang LaSalle to manage the property in 2000. To obtain LEED Gold certification, the management team implemented the following strategies: installation of a weather satellite-controlled landscape irrigation system to control water usage according to local weather conditions; creation of a recycling program that redirects 219 tons of waste annually; replacement of fluorescent bulbs with more cost-efficient low-mercury bulbs; and increased use of sustainable maintenance products.
SHERMAN OAKS, CALIF. — Woodland Hills, Calif.-based Kiowa Arms LLC has acquired a 14-unit apartment complex, which is located at 14936-40 Magnolia Blvd. in Sherman Oaks, for approximately $2.8 million or $196,429 per unit. The two-building property offers two- and three-bedroom units. The buyer plans to renovate the complex and re-rent the vacant units. Vines Management represented the buyer; Dana Brody and Joshua May of Grubb & Ellis represented the undisclosed seller in the transaction.
SANTEE, CALIF. — San Diego-based Barnhart Inc., serving as general contractor, has completed the construction of an 18-classroom addition to Cajon Park School in Santee. The two-story, 32,823-square-foot addition houses 450 students in grades 5 through 8. The $10 million junior high building is adjacent to the existing 42,000-square-foot Cajon Park School campus, which is currently undergoing a $6.7 million modernization covering K-4 classrooms, offices, a library/technology center, a kitchen and bathrooms.
SAN MARCOS, CALIF. — Sawtooth Development Group has completed the first two phases of Windy Point Corporate Center, a master-planned three-phase complex in San Marcos. The University of St. Augustine for Health Sciences is leasing a total of 75,000 square feet of space at the center, including 30,000 square feet in the first phase, 20,000 square feet in the second phase and 25,000 square feet in the third phase. The first phase of the complex features 40,000 square feet in two buildings. Construction on phase three is slated to begin in November with completion scheduled for November 2010. Peter Curry and Matt Campbell of Grubb & Ellis|BRE Commercial represented the lessee; Curry, Campbell and Mike Erwin, also of Grubb & Ellis|BRE, represented the landlord in the lease transaction.
CHANDLER, ARIZ. — Q10|Dwyer-Curlett has arranged a $16.25 million permanent construction loan through The Guardian Life Insurance Company of America. The loan is for a three-building, 133,122-square-foot business park, which is slated for development in Chandler. The borrower was not disclosed.
CALIFORNIA — NAI Capital’s Newport Beach, Calif., office has brokered two deals totaling more than $3.5 million in California. In the first transaction, David Knowlton of NAI Capital and David Bauman of NAI Utah represented the seller, Corporation of the Presiding Bishop of the LDS, in the sale of 4 acres of vacant land, which is located at 10635 N. Woodman Ave. in Mission Hills. Syrian Orthodox Patriarchate of Antioch purchased the property for $2.1 million. Knowlton represented the buyer. In the second transaction, Brian Childs and JR Williams of NAI Capital represented the lessor, 27611 La Paz LLC, in the lease of an 11,045-square-foot industrial building in Laguna Nigel. All Motion Hockey Training leased the property, which is located at 27612 El Lazo, Suite 100, for $1.5 million.
PHOENIX — McShane Development Company/Buchanan Street Partners have developed 101 Medial Office Center, a four-story, 80,000-square-foot medical office in Phoenix. Located at Thomas Road and 91st Avenue, the property offers medical office suites starting at 2,000 square feet with flexible floor plans for custom layouts and configurations. McShane Construction Company provided design/build construction services; The Orcutt/Winslow Partnership provided architectural services for the project.
CARLSBAD, CALIF. — Construction is complete for ECR Corporate Center, a two-building, 90,000-square-foot complex located at 6250 and 6260 El Camino Real in Carlsbad. The project consists of Tri-City Wellness Center, a two-story, 63,000-square-foot building, and a two-story, 27,000-square-foot medical office building. The Tri-City Wellness Center is a health club and rehab facility that offers lap, exercise and therapy pools; spas; a walking and running track; exercise studios; locker rooms; and physical therapy rooms. The medical office building is being managed by Tri-City Medical Center. Smith Consulting Architects provided architectural services for the project. Lusardi Construction served as general contractor.