TOLLESON, ARIZ. — First Industrial Realty Trust has leased 98,230 square feet of distribution space to Holsum Bakery, a subsidiary of Flowers Foods Inc. Located at 9180 W. Buckeye Rd. in Tolleson, the space will be used to distribute Holsum Bakery’s breads, buns and rolls to locations throughout Arizona and California. The cross-docked facility features 29-foot clear heights, space for future expansion, large truck courts, trailer parking, frontage on Buckeye Road and proximately to Interstate 10 and the Loop 101 freeway. Gordon Rasmussen of Martin Property Advisors, along with Joe Porter, Pat Feeney, Dan Calihan and Rusty Kennedy of CB Richard Ellis, brokered the transaction.
IRVINE, CALIF. — AFCowan has purchased a 10,568-square-foot office property in Irvine. Located at 17772 Cowan, the property sold for $3.45 million. Greg Sargenti of Voit Real Estate Services represented the buyer; David Bolt and Chip Wright of CB Richard Ellis represented the seller, Carmen LLC, in the transaction.
SAN DIEGO — Carlsbad, Calif.-based Allgire General Contractors, serving as general contractor, has completed the construction of Studio 15, a $24.2 million multifamily property located at 70 15th St. in San Diego’s East Village area. The 122,462-square-foot property features 275 studio residences with a seating lounge area, underground parking, a resident café, a television room and interior courtyard amenities. The project was developed by Affirmed Housing Group. Rick Engineering Co. and Carrier Johnson also assisted with the project.
ORANGE COUNTY, CALIF. — The Leaverton Company has selected Essex Realty Management to provide leasing, property and construction management for its 800,000-square-foot Orange County portfolio of multi-tenant business parks. The currently 84-percent-occupied portfolio includes the 452,000-square-foot La Palma Business Park, the 102,000-square-foot Orangethorpe Business Park, the 197,000-square-foot Anaheim Business Park and the 50,000-square-foot L Business Park in Orange, Calif.
OCEANSIDE, CALIF. — DEI LLC has purchased La Pacifica, a 226,220-square-foot industrial project in Oceanside, for an undisclosed price. Located at 3801, 3809 and 3817 Ocean Ranch Blvd., the property was approximately 80 percent leased at the time of acquisition. Rusty Williams and Larry Strickland of Lee & Associates represented the buyer; Brian Driscoll, Rick Redder and Dennis Visser of Grubb & Ellis|BRE Commercial represented the seller, RREEF, in the transaction.
REDLANDS, CALIF. — ProLogis has leased 498,000 square feet to Continental Tire North America (CTNA), a business of Continental AG. CTNA will occupy space at a recently developed 600,000-square-foot distribution facility within ProLogis Park Redlands in Redlands. CTNA will use the space to store and distribute tires to its customers throughout the region.
ALBUQUERQUE, N.M. — Ed Graf and Ted Sannella of Houlihan-Parnes Realtors has brokered the acquisition of The Ladera Shopping Center in Albuquerque. Located at 3301 Coors Blvd. N.W., the property offers 128,712 square feet of retail space. Built in 1986, the center is currently 95 percent occupied by 23 national, regional and local tenants, including John Brooks Supermarket, Dollar Tree, Taco Cabana, Bank of Albuquerque, Planet Fitness, the UPS Store, Supercuts, H&R Block and T-Mobile. The undisclosed buyer assumed the existing financing of $8.96 million at 5.25 percent interest only through the maturity of the loan. Additional details regarding the transaction were not disclosed.
SANTA CLARITA, CALIF. — Santa Clarita Canyon Crest LLC has purchased Canyon Crest, a 158-unit multifamily property located at 23639 San Fernando Rd. in Santa Clarita. The 95-percent occupied community sold for $23 million. The property offers one-, two- and three-bedroom units ranging in size from 690 to 1,122 square feet. Amenities include a pool, two spas, a fitness center, a basketball court and subterranean parking. Jim Fisher, Craig Stevens and Mike Smith of Lee & Associates represented the buyer in the transaction.
IRVINE, CALIF. — Passionate Pet has signed a 10-year lease for a 23,598-square-foot flex space, which is located at 18871 Teller Ave. in Irvine. The lease is valued at $3.4 million. The tenant will offer a complete selection of pet-related products and pet services, including grooming, dog training, veterinary care, photography, a day camp and a boarding facility. Brian Garbutt of Lee & Associates-Irvine represented the landlord, Greenlaw Partners.
SAN FRANCISCO — Dennis Sidbury of NorthMarq Capital’s San Francisco office arranged a $5.3 million first mortgage for Yerba Buena Commons, a 257-unit multifamily complex in San Francisco. The 15-year loan has a 30-year amortization schedule and was funded by AmeriSphere Multifamily Finance, a Fannie Mae DUS lender. The borrower was YBC Development II.