ONTARIO, CALIF. — Sears Holdings Corp. has renewed its lease with Dedeaux Properties LLC for a facility in Ontario. Sears Holdings Corp. currently leases an approximately 823,000-square-foot distribution facility, which is part of the 1.3 million-square-foot Dedeaux Inland Empire Park. The value of the lease was not disclosed.
POCATELLO, IDAHO — Ascension Group Architects was recently selected to provide design-build services for the $150 million replacement hospital for Portneuf Medical Center in Pocatello. The project consists of a new six-story addition to the east campus of the medical center along with interior renovation throughout the existing facility. Construction will include 187 beds, 320,000 square feet of new construction and 37,000 square feet of renovated space. When complete in mid-2011, the facility will house an intensive care unit, a cardiovascular intensive care unit, medical/surgical beds, obstetrics, a nursery, a neonatal intensive care unit, pediatrics, psychiatry, a surgical suite, an endoscopy suite, rehabilitation and an emergency department. Additionally, the expansion will include a two-story lobby and atrium, a dining room, a coffee shop, a central plant, and a helipad and hanger. Layton Construction is serving as general contractor for the project. Portneuf is owned by a joint venture between Portneuf Health Care Foundation Inc. in Pocatello and Plano, Texas-based Legacy Hospital Partners Inc.
ORANGE, CALIF. — The Abbey Company has acquired City Parkway, a 460,000-square-foot office complex located at 500-600 City Parkway W. in Orange. Maguire Properties sold the complex for an undisclosed price. The three-building complex consists of twin 10-story glass office buildings and a four-story office building.
PHOENIX — A joint venture between Orion/Robson Opportunity Partners LLC and a Canadian-based private investment firm has acquired the remaining unsold condominiums at Citi on Camelback in Phoenix. Located at 909 E. Camelback Rd., the 178 units sold for an undisclosed price. Built in 2002, Citi on Camelback consists of 30 units and offers numerous amenities. Robert Rizzi of New York-based Broad Street Advisors arranged the equity for the acquisition.
LOS ANGELES — Hye Y. Park of Los Angeles has purchased Normandie Apartments, a multifamily complex located at 247 S. Normandie in Los Angeles. The 36-unit community sold for $4.55 million or $178 per square foot. June Mock of Los Angeles-based Rosano Partners represented the buyer; Ed Fischer of Hendricks & Partners represented the seller, Los Angeles-based 247 Normandie LLC, in the transaction.
COMMERCE, CALIF. — Jeff Bethel and Peter Bacci of Lee & Associates represented Cook Family Trust in the $3 million acquisition of a 30,000-square-foot industrial building located in Commerce. Located at 6099 Triangle Dr., the property will house the business operations of Kaslen Textiles, a distributor of upholstery and drapery fabrics. Tom O’Loughlin, also of Lee & Associates, represented the seller, Chang Triangle LLC, in the transaction.
HONOLULU — A local partnership, which includes owners of Ba-Le Restaurants and Island Flooring Company Inc., has acquired 900 N. Nimitz Highway in Honolulu for $20 million. The buyers will utilize portions of the property for their respective businesses. The two-story property is situated on four acres of fee-simple industrial mixed-use zoned land at the corner of Nimitz Highway and Alakawa Street in Honolulu’s Iwilei area. Scott Mitchell and Guy Kidder of Colliers Monroe Friedlander represented the seller, Weyerhaeuser, in the transaction.
LAS VEGAS — EastGroup Properties has purchased Arville Distribution Center in Las Vegas for $11 million. Constructed in 1997, the two-building business distribution complex offers 142,000 square feet of space. At the time of acquisition, the center was 77 percent occupied by eight tenants. The acquisition marks the company’s entry into Las Vegas. Additional details regarding the transaction were not released.
LA JOLLA, CALIF. — 7701 Herschel LLC has purchased a 10,236-square-foot office property in La Jolla. Located at 7701 Herschel Ave., the property sold for $4.75 million. Mike Slattery and Robert Kuzman of Grubb & Ellis|BRE Commercial represented the seller, The Copley Press, in the transaction.
LONG BEACH, CALIF. — Holliday Fenoglio Fowler’s (HFF) Los Angeles office has secured a $6.4 million loan for Esther Ridge Apartments in Long Beach. Located at 630-800 E. Esther Ave., the 78-unit multifamily property features 20 one-bedroom/one-bath units, 40 two-bedroom/one-bath units, eight two-bedroom/two-bath units and 10 three-bedroom/one-bath units. The borrower is Westland Industries Group, a Long Beach-based diversified real estate development and management organization. Wachovia’s Multifamily Capital provided financing for the loan.