CHINO HILLS, CALIF. — SKT Investments has acquired Crossroads Marketplace, a 539,270-square-foot retail center located at the corner of Peyton Drive and State Route 71 in Chino Hills. The property sold for $79 million. Current tenants include PetSmart, Best Buy, Bed, Bath & Beyond, Steinmart, Sport Chalet and CVS/pharmacy. Philip Voorhees, Todd Goodman and Kirk Brummer of CB Richard Ellis represented the undisclosed seller in the transaction.
LOS ANGELES — Equity Office Properties has added 11 tenants to its Howard Hughes Center, a five-building, 1.2 million-square-foot business center in Los Angeles. The leases, which total 98,472 square feet, include Experian, TV Guide, Blockbuster Inc., Integrated Data Corp., Sezmi Corp., Corbis Corp., Ricoh Americas, Matrix Environmental, Drake Beam Moran Inc. and Brooks Kushman. Hunt Barnett, Chris Houge, Rick Buckley and Beau Rawi of Madison Partners represented the landlord in the transactions. Other participating brokerage firms include Cushman & Wakefield, Colliers Seeley, Grubb & Ellis, Newmark Knight Frank, CB Richard Ellis, Drake Beam Morin Inc. and First Property.
HONOLULU — Hawaii Employees Retirement System (Hawaii ERS) has purchased the leased-fee interest of 201 Merchant St. in Honolulu. The 180,634-square-foot office property sold for $7.4 million. Hawaii ERS also owns the leasehold interest, which expires in 2054. Mark Bratton and Sean Tadaki of Colliers Monroe Friedlander Inc. represented the seller, Citibank Properties, in the transaction.
WEST SACRAMENTO, CALIF., AND AURORA, COLO. — Marcus & Millichap has brokered the sales of two multifamily properties in California and Colorado. In the first transaction, an undisclosed buyer purchased a 12-unit multifamily property, which is located at 2334-2336 Michigan Blvd. in West Sacramento, for $810,000. Marc Guillon and Jesse Nickerman of Marcus & Millichap represented the undisclosed seller in the transaction. In the second transaction, Clayton Primm of Marcus & Millichap represented both parties in the sale and acquisition of an eight-unit multifamily property in Aurora. Located at 9504 E. 17th Ave., the property sold for $325,000.
SAN DIEGO — Oliver McMillan has completed the development of The Lofts at 707 Tenth Avenue, a residential building located on G Street in San Diego’s East Village neighborhood. The eight-story, 137,700-square-foot building features urban lofts situated above street-level retail and live/work space, as well as underground parking. Austin Veum Robbins Partners and KMA Architectural & Engineering provided architectural services for the project; DPR Construction served as general contractor.
CHINO HILLS, CALIF. — Long Beach, Calif.-based GAS Distomo Inc. has acquired Crossroads Entertainment Center, a 90,879-square-foot regional retail center located at 3060, 3070 and 3090 Chino Ave. in Chino Hills. Los Angeles-based 26 Del Sur Crossroads I LLC sold the property for $25.52 million. Situated on 10.54 acres, the property is anchored by an 18-screen Harkins Theatres. At the time of acquisition, the property was 98 percent occupied. Mitch Rosen of Commercial Real Estate Services represented the buyer; Donald MacLellan and Nick Coo of Faris Lee Investments represented the seller in the transaction.
VANCOUVER, WASH. — Northbrook, Ill.-based Pine Tree Commercial Realty has signed five new retailers for Hazel Dell Towne Center, a 400,000-square-foot power center located in Vancouver. The new tenants include Lane Bryant’s 5,000-square-foot lease; a 3,525-square-foot deal for America’s Best Optical; CitiFinancial’s 1,495-square-foot space; Max Muscle’s 1,200-square-foot lease; and a flagship 3,500-square-foot Balasana Yoga Studio. Kohl’s, Best Buy, Office Depot, Bed Bath & Beyond and Party City anchor the center, which was completed in 2007. Pine Tree co-owns the center with Henderson Global Investors.
CORONA, CALIF. — Scott Hook of Marcus & Millichap represented the seller, a California-based developer, in the disposition of Citrus Village II in Corona. Located at 2310 California St., the 6,000-square-foot property sold for $2.9 million or $483 per square foot. The strip retail building is anchored by Wal-Mart.
CARSON CITY, NEV. — An affiliate of Bronx, N.Y.-based Laub Realty has acquired Eagle Medical Center in Carson City in a sale-leaseback transaction. The 73,975-square-foot medical office property sold for an undisclosed price. The seller was Eagle Medical Center LLC. Dominic Brunetti, Scott Shanks and Scott Beggs of NAI Alliance brokered the transaction on behalf of the seller.
LOS ANGELES — IDS USA, an integrated distribution services provider, has signed a lease for AMB Galleano, a distribution center located in the Inland Empire West submarket of Los Angeles. The company plans to use the more than 645,000-square-foot facility for consolidation and expansion of its Los Angeles-based operations. Steve Sperber, John Isaacs, Walt Chenoweth and Frank Geraci of CB Richard Ellis represented IDS USA; Tim O’Rourke and Mike Fowler of Jones Lang LaSalle, along with Mike McCrary of Colliers International, represented the owner, AMB Property Corp., in the transaction.