ONTARIO, CALIF. — Aspen Distribution has leased a 102,878-square-foot industrial building, which is located at 5505 Concours within Crossroads Business Park in Ontario, for $3.5 million. The facility features 65,572 square feet of 45-degree refrigerated space and 34,204 square feet of dry storage space. Aspen Distribution is a third-party logistics company that does contract warehousing for the medical, grocery, industrial, retail and paper industries. Don Kazanjian of Lee & Associates represented the tenant; Clyde Stauff and Michael McCrary of Colliers International’s Ontario office represented the landlord, The Caldwell Company, in the transaction.
VAN NUYS, CALIF. — Franklin Management has acquired a 53-unit apartment community, which is located at 6125 Fulton Ave. in Van Nuys, for $5.2 million or $98,113 per unit. The property features 22 studio/one-bath units, 31 one-bedroom/one-bath units, a fitness center, a clubhouse, an on-site laundry facility and a swimming pool. Rick Raymundo of Marcus & Millichap represented the buyer; Chris Malcolm of Coldwell Banker represented the seller, 6125 Fulton Apartments LLC, in the transaction.
CALIFORNIA AND NEVADA — Menomonee Falls, Wis.-based Kohl’s Corp. has closed on the acquisition of five former Mervyns stores in California and Nevada. Sold by Developers Diversified Realty, the properties are located at Northridge Plaza in Northridge, Calif.; College Grove Shopping Center in San Diego; Nellis Crossing in Las Vegas; Pear Tree Center in Ukiah, Calif.; and Grand Canyon Shopping Center in Las Vegas. Details of the transaction were not disclosed. The locations are part of the 31 Mervyns store leases that Kohl’s purchased in a bankruptcy court auction. Hayward, Calif.-based Mervyns LLC is liquidating after filing bankruptcy in July 2008.
SEATTLE — An undisclosed private investor has purchased 6000 Northwest, a 11-unit multifamily property in Seattle. Located at 6000 24th Ave. Northwest, the property sold for $2.7 million. Built in 1967, the asset features four one-bedroom/one-bath plus den units, four two-bedroom/one-bath units, two two-bedroom/one bath plus den units and one three-bedroom/two-and-a-half bath plus den units. Daniel Swanson and Blake Rodgers of Marcus & Millichap’s Seattle office represented the undisclosed seller; Swanson also represented the buyer in the transaction.
CORONA, CALIF. — Peter and Thelma Karagines have purchased an 8,128-square-foot industrial property, which is located at 2047 Cecilia Circle in Corona. Golden West Enterprises LLC sold the property for $1.2 million. Walter Frome and Bill Livesay of Voit Commercial Brokerage, a member of CORFAC International, represented the seller in the transaction.
ARIZONA, COLORADO AND CALIFORNIA — Mike Riccio, Christine Kubas, Rocco Mandala, Eric Tupler, Mike Easter and John Nelson of CB Richard Ellis Capital Markets have secured a total of $92.3 million to refinance a portfolio of four apartment communities. The properties include two sister properties in Scottsdale, Ariz., totaling 736 one-, two- and three-bedroom units; a 472-unit property located 10 miles from downtown Denver; and a 216-unit property located in American Canyon, Calif. The borrower was not disclosed.
CALIFORNIA AND ARIZONA — Marcus & Millichap has brokered the sale of two retail properties in California and Arizona. In the first transaction, Brandon Michaels of Marcus & Millichap represented both undisclosed parties in the disposition and acquisition of 7227 Owensmouth Avenue, a 16,000-square-foot retail property in Canoga, Calif. The property sold for $2 million. In the second transaction, an undisclosed buyer purchased a 14,841-square-foot Wal-Mart property, which is located in Gilbert, Ariz., for $4.5 million. David Wetta of Marcus & Millichap represented the buyer; Kevin Boeve and Lior Regenstreif, also of Marcus & Millichap, represented the undisclosed seller in the transaction.
TACOMA, WASH. — The Port of Tacoma has acquired a 99,750-square-foot industrial facility in Tacoma. Located at 2000 Taylor Way, the 7.23-acre property sold for $11.75 million. The seller was Rangar West One LLC. Todd Clarke of GVA Kidder Mathews represented the buyer in the transaction.
SHERMAN OAKS, CALIF. — Jeffrey Louks and Matthew Ziegler of Marcus & Millichap’s Encino, Calif., office represented the seller and the buyer in the transaction of 15040 Moorpark Street in Sherman Oaks. The 21-unit multifamily property traded hands for $3.9 million. Neither the seller nor the buyer were disclosed.
LAS VEGAS — R&O Construction Co. has completed the second phase of construction at Centennial Gateway, a 360,000-square-foot retail center located at 5603 Centennial Center Blvd. in Las Vegas. The 124,141-square-foot second phase consists of seven retail building and improvements of infrastructure, parking and landscaping. Centennial Gateway is owned and developed Las Vegas-based Territory Inc.