KIRKLAND, WASH. — Newmark Realty Capital has arranged a $64 million loan for Carillon Point in Kirkland. Located on 26 acres of waterfront land along Lake Washington, the property features 445,000 square feet of office space, the 100-room Woodmark Hotel and a 200-slip marina. Michael Taylor of Newmark’s Seattle office secured the financing through John Hancock Life Insurance Co. The 20-year loan has a 25-year amortization schedule.
Western
ANAHEIM, CALIF. — Greg Bassirpou of Marcus & Millichap represented the undisclosed buyer in the purchase of Magnolia Court Apartments, a 21-unit apartment building located at 527 N. Magnolia Ave. in Anaheim. The property sold for $3.37 million. The seller was not disclosed.
BEVERLY HILLS, CALIF. — 320 North Crescent Drive LLC has acquired a 10,098-square-foot multifamily property, which is located at 320 N. Crescent Dr. in Beverly Hills, for $3.1 million. Hamid Soroudi of Charles Dunn Co. represented the buyer; Soroudi and Cari Widman, also of Charles Dunn Co., represented the seller, MRD Properties, in the deal.
SAN FERNANDO, CALIF. — An undisclosed limited liability company has purchased a Pep Boys Auto location in a $3.9 million sale/leaseback transaction. The 20,800-square-foot retail property is located in San Fernando. Lior Regenstreif of Marcus & Millichap represented the buyer and the seller, Corporate Pep Boys, in the transaction.
LOS ANGELES — Evan’s First LLC has disposed of an 18,858-square-foot office building, which is located at 2100 Sawtelle Blvd. in Los Angeles. 2100 Sawtelle Blvd LLC, a group of 1031 Exchange buyers, acquired the property for $5.8 million. The three-story garden-style property was 65 percent occupied at the time of acquisition. T.C. Macker and Craig Newlands of Coldwell Banker Commercial WESTMAC represented the seller; Justin Altemus of The Altemus Company represented the buyer in the deal.
ATASCADERO, CALIF. — Brandon Michaels of Marcus & Millichap represented a private investor in the purchase of a Denny’s restaurant location in Atascadero for $1.22 million. Michaels also represented the undisclosed seller in the transaction.
SAN DIEGO — Grubb & Ellis|BRE Commercial’s Capital Market Group has arranged a $12.6 million loan for 3525 John Hopkins Court LLC. The loan is for a 48,233-square-foot wet lab facility located in San Diego’s Torrey Pines submarket. Gary Goss of Grubb & Ellis|BRE Commercial arranged the transaction.
ROSEVILLE, CALIF. — Adventist Health System West has leased more than 37,000 square feet of space at 1101 Creekside Ridge Drive in Roseville. The two-story building offers 88,000 square feet of office space. Tom Bacci of Grubb & Ellis represented the tenant; Jon Walker, also of Grubb & Ellis, represented the landlord, RREEF America REIT II Corp., in the transaction. Additional terms of the lease were not released.
SAN FRANCISCO — Access Properties has purchased a 12,484-square-foot office building, which is located at 91 Westborough Blvd. in San Francisco, for $3.2 million. The buyer plans to occupy the first floor of the property; the second floor is leased by Varsity Logistics. James Marzoni and Graham Woodall of Cornish & Carey Commercial represented the buyer; Simon Clark of Grubb & Ellis represented the undisclosed seller in the deal.
SANTA ANA, CALIF. — An undisclosed buyer has acquired The Atlas Building, which is located at 1833 E. 17th St. in Santa Ana. The 20,539-square-foot office building sold for $1.8 million. The property consists of 42 suites. Pasha Darvishian of Marcus & Millichap’s Newport Beach, Calif., office represented the seller, a private investor, in the transaction.