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.
PHOENIX, ARIZ. — Phillips Edison & Co. has purchased the 170,801-square-foot Village Center retail property from a private party for an undisclosed amount. The development, located on East Cactus Road in Phoenix, is anchored by Target and shadow-anchored by REI. Lenscrafters, Subway, Great Clips and Half Price Books are also housed in the property, which is 85.36 percent occupied.
IRVINE, CALIF. — Jamboree Housing Corp. has finished developing its 71-unit Granite Court Apartment Homes in Irvine. The environmentally friendly complex is located on 1.23 acres at 2853 Kelvin Ave. Green features include low-emission finishes, a solar-energy system and recycling trash chutes. Irvine-based KTGY Group designed the affordable housing property.
SANTA ANA AND TUSTIN, CALIF. — Courageous Kauai has sold a 16,536-square-foot retail property to 17th Street LLC for $3.5 million. Located at 702 to 818 W. 17th Street in Santa Anna, the development encompasses five freestanding buildings, anchored by Pizza Hut and 7-Eleven. Mark Sigler of Voit Real Estate Services’ Irvine, Calif., office represented the seller, and Apex Properties represented 17th Street LLC. Voit has also brokered Sayara K1’s purchase of a 10,000-square-foot retail development, located on 1st Street in Tustin, from CPH SAHI for $1.2 million. Gil Marrero, Pete Beauchamp, Alan Pekarcik and Dan Vittone of the firm’s Irvine office represented the seller. Bob Pettis, also of the firm’s Irvine office, represented the buyer.
PORTLAND, ORE. — Park Place East has sold a 13-unit apartment complex to The Robert Katz and Deborah Stanley Family Trust for an undisclosed amount. The property is located at 220-244 N.E. 143rd Ave. in Portland. Bluestone & Hockley Real Estate Services’ Charles Barker represented the seller, and MentorVest Properties’ Denise Tritcak represented the buyer.
