PATTERSON, CALIF. — Rhode Island-based CVS Pharmacy Inc. has leased approximately 80,600 square feet in Patterson. The space is a portion of the 529,970-square-foot building at Keystone West Business Park. Patterson Industrial Center LLC, a partnership of McShane Development and MetLife, owns the property. John McManus and Chuck Belden of Cushman & Wakefield represented the tenant; Kevin DalPorto of CB Richard Ellis represented the landlord in the transaction.
HELENA, MONT. — Chicago-based Lillibridge has completed the development of St. Peter’s Medical Group, an 80,000-square-foot medical office building in Helena. Located on the campus of St. Peter’s Hospital, the $15 million project houses the hospital’s primary care clinics, including Family Health Clinic, Hawkins-Lindstrom Clinic, Internal Medicine Associates and Medical Specialists of Helena. The building features in-house laboratory services, digital X-ray services, an outpatient pharmacy, administrative office space and a pneumatic tube to the main hospital building.
CARLSBAD, CALIF. — Ray Adams of Grubb & Ellis|BRE Commercial represented Glenn Goldman Family Trust in the disposition of Pirineos Pointe Luxury Townhomes, which is located at 2610-22 Pirineos Way in Carlsbad. Newkirk Family Trust purchased the property, which was built in 2003, for $4.5 million. Surrounded by the La Costat golf course, the property comprises 14 1,640-square-foot units, featuring three bedrooms and 2.5 baths with two-car garages. Dale Lawrence of Lawrence & Associates represented the buyer in the transaction.
SACRAMENTO, CALIF. — PNC ARCS has closed a $5.82 million loan for Ridgestone Apartments and Granite Springs Apartments in Sacramento. Offering 160 units, the properties features laundry rooms, children’s play areas and secured entry. The loan features a 6-year term with 30-year amortization at a fixed rate of 6.315 percent. The Calabasas Hills, Calif., office of PNC ARCS originated the loan through Fannie Mae.
LOS ANGELES — Los Angeles-based Ovada Garden LLC has acquired Ovada Garden Terrace, a 5-unit apartment property located at 11378-11382 Ovada Place in the Bel Air area of Los Angeles. The property sold for $1.57 million or $135,000 per square foot. Mark McDonald of Hendricks & Partners’ Los Angeles office represented the seller, Encino, Calif.-based Ovada Partners LLC, in the transaction.
KONA, HAWAII — Boston Capital has invested in Lokahi Kax‘u, a to-be-built, 309-unit multifamily development in Kona. The general partner is Hox‘loehua Management LLC, a subsidiary of Allied Pacific Development LLC. The project will feature 90 studios, 108 one-bedroom and 108 two-bedroom units targeting residences at 60 percent or less of the area median income (AMI). Six studios, six one-bedroom and five two-bedroom units will be restricted to tenants at 30 percent AMI. The 10-acre site will consist of 18 three-story, garden-style buildings and offers a community building/pavilion with a kitchen, BBQ area, game tables, exercise space for activities such as yoga and hula, volleyball courts, basketball courts and playgrounds.
LYNNWOOD, WASH. — Regency Centers has completed the disposition of H-Mart grocery store location at Lynnwood H-Mart shopping center, which is located at 184th St. SW in Lynnwood. The 77,028-square-foot retail property sold for $14.9 million to local developer John Pietromonaco.
SAN DIEGO — Schlosser Properties has acquired a CVS/pharmacy property, which is located at 9225 Twin Trails Dr. in San Diego’s Rancho Peñasquitos area. Twin Trails LLC sold the 16,793-square-foot property for $6.2 million. Tom Schmidt and Geoff Parrish of Colliers Parish represented the buyer; Chuck Klein and Kevin Held of Grubb & Ellis|BRE Commercial represented the seller in the transaction.
HONOLULU — The Hawai‘i Community Development Authority has approved a proposed more than 20-year plan by Victoria Ward Ltd. to develop a 60-acre mixed-use project in the heart of Honolulu. The oceanfront neighborhood is planned to feature as many as 4,300 residential units; 5 million square feet of retail, restaurant and entertainment space; 4 million square feet of office and commercial space; 700,000 square feet of industrial space; and 14 acres of open space, parks and public facilities. Victoria Ward Ltd. is an affiliate of General Growth Partners Inc., a U.S.-based publicly traded REIT.
COLORADO — Fuller Real Estate recently completed three transactions totaling $13.55 million in Colorado. In the first transaction, KCBC LLC completed the disposition of a 50,724-square-foot, three-building office complex, which is located at 10394 and 10499-10579 W. Chatfield Ave. in Littleton, Colo. The state of Colorado purchased the property for $4.9 million. John Becker and Mike Haley of Fuller Real Estate represented the seller. In the second transaction, B&J Properties Limited LLC acquired a 58,750-square-foot office building, which is located at 13111 E. Briarwood Ave. in Centennial, Colo., from Thirteen One Eleven Corp. for $4.5 million. Ron Allum of Fuller represented the buyer. In the final transaction, Mellisuga Inc. sold an 115,000-square-foot industrial building, which is located at 2201 S. Wabash in Denver, to Grande Investment LLC for $4.15 million.