PUYALLUP, ORE. — IPG Properties has acquired a 12,000-square-foot industrial property, which is located at 11409 58th Ave. E. in Puyallup. Janin II LLC sold the property for $1.1 million. Bob Naber and Laura Fox of GVA Kidder Mathews represented both parties in the transaction.
SAN DIEGO — A private family trust has purchased Convoy – Ronson Plaza and Industrial Park, which is located at 7854-7924 Ronson Rd. in San Diego, for $12.25 million. Built in 1973, the 104,213-square-foot property features two retail buildings totaling 29,605 square feet and seven single-story, multi-tenant industrial buildings totaling 74,608 square feet. Joe Bonin, Pay Geary and Doug Ritterman of ECP Commercial represented the buyer; Nick Psyllos, Paul Komadina, Brad Jones, Bill Dolan and Doug Works of CB Richard Ellis represented the seller, KM Development-72, in the transaction.
TIGARD, ORE. — Tualatin Valley Fire & Rescue has acquired Dartmouth Square, an office building located at 11945 SW 70th in Tigard, for $8.2 million. The three-story Class A property offers 38,000 square feet of office space. Chris Johnson, MaryKay West, John Medak and Jennifer Medak of NAI Norris, Beggs & Simpson represented the seller, Dartmouth Square LLC, in the transaction.
RESEDA, CALIF. — Todd Schwartz of Hanes Investment Realty represented the undisclosed buyer in the acquisition of Sherman Way Apartments. Located at 19505 Sherman Way in Reseda, the 15-unit property sold for $1.62 million. Warren Berzack of Investment Real Estate Associates represented the seller, MG Ventures, in the transaction.
PORTLAND, ORE. — Ken Griggs and Paddy Ryan of NBS Financial Services has arranged a $5.5 million loan for the construction of a single-tenant office building in Portland. Located on NE Martin Luther King Jr. Boulevard, the 42,000-square-foot property is scheduled for completion at the end of the year. Washington Trust Bank provided the financing.
CARSON, CALIF. — Brentwood, Calif.-based Vintage Real Estate LLC, a wholly owned division of Vintage Capital Group, has purchased SouthBay Pavilion, a 1.1 million-square-foot retail center located on Avalon Boulevard in Carson. HREG sold the property for $50 million. The property is anchored by Ikea, Target, Sears and JC Penney. Additional stores and restaurants include Old Navy, The Children’s Place, Foot Action, Panera Bread, Panda Express, Sansai Grill, Five Guys, Wingstop and Jamba Juice.
REDONDO BEACH, CALIF. — The Redondo Beach Unified School District and Barnhart Inc. have broken ground on the $33.75 million construction and modernization of Redondo Union High School in Redondo Beach. The project includes a new gymnasium and aquatic center, a new artificial surface football field and tennis courts, a new student services building that will house administration, counselors, attendance, registrar, nurse and student government, and modernization of the school auditorium and band building. Completion is scheduled for between January and August of 2010. The project is being funded by Bond Measure C, a $145 million general obligation bond measure that was passed in February 2008. Irvine, Calif.-based MVE Institutional provided architectural services for the project.
ISSAQUAH, WASH. — Swedish Health Services has acquired 13.38 acres of medical office land for $22 million. The acquisition includes blocks 29-31 and blocks 33-35 in Issaquah. The seller was Grand-Glacier LLC. Stu Ford of GVA Kidder Mathews represented the buyer in the transaction.
SANTA PAULA, CALIF. — Thomas Aquinas College has completed the development of its Our Lady of the Most Holy Trinity Chapel, which is located on the school’s campus in Santa Paula. Designed by Duncan G. Stroik Architecture, the $23 million, 15,000-square-foot chapel features the Spanish Mission style while also incorporating traditional architectural elements from the Catholic Church. Ventura, Calif.-based Rasmussen & Associates served as architect of record; HMH Construction served as general contractor for the project.
HAYWARD, CALIF. — Wig America has purchased two 36,000-square-foot distribution buildings in Hayward. Located at 27317 and 27279 Industrial Blvd., the properties sold for $5.5 million. This transaction marks the largest owner/user sale to date this year in Hayward. Jesse Lucas of Lee & Associates Commercial Real Estate’s Oakland, Calif., office represented the buyer; Bt Commercial represented the seller, LRF Properties, in the transaction.