LONGMONT, COLO. — Sacramento, Calif.-based Panattoni Development Company Inc., dba Harvest Junction North LLC, has completed the sale of a Walgreens drugstore at its Harvest Junction Shopping Center in Longmont. Realty Trust Group Inc. acquired the property for $5 million. The 13,650-square-foot property is located at 450 Ken Pratt Blvd.
Western
INGLEWOOD, CALIF. — Mel Moss of NAI Capital’s West Los Angeles office represented a private family in the investment acquisition of an approximately 4,304-square-foot retail property. Located at 6802-6806 La Cienega Blvd. in Inglewood, the multi-tenant building sold for more than $3.6 million. The center is currently occupied by T-Mobile and Panda Express, which both have 10-year triple-net leases on the space. Shaun Riley of Faris Lee represented the seller, La Cienega Shopping Center Development LLC, in the transaction.
WEST VALLEY, UTAH — James Wadsworth and Greg Barrat of Hendricks & Partners represented the undisclosed seller in the disposition of Buena Vista apartment complex. The 79-unit property is located at 4425 S. Christopherson in West Valley. The undisclosed buyer plans to upgrade the property. The transaction price was not released.
SOUTH LAKE TAHOE, CALIF. — Reno, Nev.-based Blackfire Investors has acquired a 18,852-square-foot former auto dealership building, which is located at 1875 Lake Tahoe Blvd. in South Lake Tahoe. The buyer plans to reposition the property as a retail building. The seller and acquisition price were not disclosed.
GLENDALE, CALIF. — Glendale-based Gate Holdings Inc. has purchased Fifth Street Apartments in Glendale for $1.75 million. The 14-unit property is located at 1401 5th St. The seller was Glendale-based James Slayback Sr. Family Trust. Kevin Hurley of Hendricks & Partners’ Pasadena, Calif., office represented the seller in the transaction.
SAN LUIS OBISPO, CALIF. — Steiner Trusts has completed the disposition of University Square Shopping Center in San Luis Obispo. Located at 171 N. Santa Rosa St. and 948-972 Foothill Blvd., the asset totals 27,500 square feet. The buyer group, which is lead by local architect and developer Rob Rossi, acquired the property for $7.15 million. The center is currently tenanted by Hurley’s Health-Plus, Bank of America, Special Olympics, Quest Diagnostics and SLO Kickboxing.
MCCARRAN, NEV. — Sacramento, Calif.-based Panattoni Construction Inc. has started the tenant improvement and warehouse upgrade project for ITS Logistics. Located at 2777 USA Parkway, Suite 103, in McCarran, the 100,000-square-foot build-out is owned by PCCP Reno Industrial LLC. The project includes 2,000 square feet of tenant improvements consisting of framing, finishes, mechanical, electrical and plumbing. Additionally, the warehouse has been upgraded to store food grade products. Modifications include rodent brushes at he dock levelers and shatterproof light guards on existing T5 lighting. Larry J. Macias Ltd. provided design services for the project, which is slated for completion in March.
HAYWARD, CALIF. — ProTransport-1 LLC has acquired an 8,882-square-foot building, which is located at 31909 Hayman St. in Hayward, for $998,500 or $112 per square foot. The buyer, a provider of medical transportation and ambulance transport, plans to use the facility for ambulatory use. The seller was Whipple LLC. Richard Fenske of NAI BT Commercial and William Snell of Touchstone Properties represented the buyer in the transaction.
CHINO HILLS, CALIF. — San Clemente, Calif.-based Zion Enterprises is developing Country Club Medical Plaza, a Class A medical office building located in Chino Hills. Located at 15994 Los Serranos Country Club Dr., the two-story, 30,000-square-foot facility will be divisible to 1,000-square-foot condo units for sale or lease. The property is slated for completed in third quarter. John Bosko, Bob Bush and Robert Brandt of NAI Capital’s Newport Beach, Calif., office are marketing the property.
MENLO PARK, CALIF. — Jim Chesler of NAI BT Commercial San Francisco represented Campbell Menlo LLC in the acquisition of a 54,000-square-foot industrial/R&D property, which is located at 4085 Campbell Ave. in Menlo Park. At the time of acquisition, the property was 40 percent leased by Fitness 101. The seller, Joe Chritchfield, Clarence Ferrari Jr., et. al., sold the property for $8.6 million or $159 per square foot.