VALLEY VILLAGE, CALIF. — Jeffrey Louks of Marcus & Millichap and Vince Norris of Hendricks & Partners represented the undisclosed seller in the disposition of a 54-unit apartment complex in Valley Village. Located at 5717 Laurel Canyon Blvd., the property sold for $9.75 million. The buyer was not disclosed.
Western
BOTHELL, WASH. — Pacific Medical Centers has leased 30,000 square feet of space within Building One of the Woodlands Technology Center (WTC) at Canyon Park Business Center in Bothell. Pacific Medical Centers is a network of outpatient clinics, which provide a broad range of healthcare services to the greater Seattle area. The company plans to open its Bothell branch in January 2010 and will occupy the entire third floor of Building One.
TIGARD, ORE. — Portland, Ore.-based TCTPI LLC has acquired Tigard Central Industrial Park in Tigard for $7.46 million. Located at 12670-12700 SW Hall Blvd., the five-building property offers 208,640 square feet of industrial space. The seller was Portland-based Jempak Partners LLC. Greg Nesting and Scott Finney of Portland-based Norris & Stevens represented both parties in the transaction.
NORTH HOLLYWOOD, CALIF. — H K Properties has purchased a 24-unit apartment complex, which is located at 12717-33 Barbara Ann St. in North Hollywood, for $3.2 million or $133,333 per unit. The 23,232-square-foot property offers 12 two-bedroom/one-bath units, 12 three-bedroom/one-and-a-half bath units, balconies, patios, on-site laundry facilities and vaulted ceilings. The seller was Trion Properties LLC. Rick Raymundo of Marcus & Millichap represented both parties in the transaction.
HUNTINGTON BEACH, CALIF. — Phil Voorhees, Patrick Toomey and Megan Read of CB Richard Ellis represented the sellers, David and Diana Bonadonna, in the disposition of Shore House Café, a 5,690-square-foot restaurant located at 520 Main St. in Huntington Beach. The property sold to a private investor for $1.8 million. The buyer plans to continue restaurant operations on the site as an owner/user after an extensive renovation.
LAS VEGAS — Staples Contract & Commercial Inc. has signed a lease for a 37,500-square-foot industrial property in Las Vegas. The property is located within Beltway Business Park at 6975 S. Decatur Blvd., Building 6, Ste. 190. The lease is valued at $1.5 million. Dan Doherty, Patti Dillion and Ben Campbell of Colliers International – Las Vegas, along with David Ginther of Fischer & Co., represented the lessee; Rod Martin of Majestic Realty Co. represented the lessor, Beltway Business Park Warehouse 3 LLC, in the transaction.
GOODYEAR, ARIZ. — Kitchell Development and Newland Communities have partnered to develop Mountain Ranch Marketplace, a 22-acre shopping center located at the entrance to the master-planned Estrella community in Goodyear. The 109,000-square-foot first phase is currently under construction. The center will be anchored by a 49,343-square-foot Bashas’ Supermarket, which is slated to open in November. Other signed tenants include Mini-Skool Early Learning Centers, Chase, Walgreens, Papa John’s, Great Clips, The UPS Store, Estrella Family Cosmetic Dentistry and Nails of the World. Designed by Butler Design Group in a cottage-bungalow style, the center will offer 165,000 square feet of grocery and retail space when completed.
SHERMAN OAKS, CALIF. — Jared Levine of RE/MAX Commercial – Sherman Oaks represented the undisclosed Los Angeles-based buyer in the acquisition of a two-building multifamily property. Located in Sherman Oaks, the 80-unit property sold for $9.5 million. Hirsch Sherman of RE/MAX Commercial – Sherman Oaks represented the undisclosed San Fernando Valley, Calif.-based seller in the transaction.
LAS VEGAS — Chris Cunning of Marcus & Millichap’s Las Vegas office represented both parties in the disposition and acquisition of Parksale Plaza, a 27,850-square-foot shopping center in Las Vegas. Located at 4171-4213 Boulder Highway, the property sold for $4 million or $144 per square foot. At the time of acquisition, the property was 100 percent occupied by six tenants.
COLORADO SPRINGS, COLO. — Love Funding has secured a $9.4 million refinance loan for Apollo Village, a multifamily property located in Colorado Springs. The 496,623-square-foot property features 216 apartment units. The borrower, Apollo Apartments LLC, received a 6.25 percent fixed-rate loan with a 35-year amortization schedule.