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.
COMMERCE, CALIF. — ACCO Engineering Systems has purchased a 150,000-square-foot industrial property, which is located at 6446 E. Washington Blvd. in Commerce. Joseph T. Ryerson & Son Inc. sold the property for $15 million. Paul Sablock, Greg Matter, Barry Hill and Zac Sakowski of Jones Lang LaSalle represented the buyer; Jack Whalen of McKinney Travers represented the seller in the transaction.
HEMET, CALIF. — Barnhart Inc., serving as general contractor, has completed the construction of Tahquitz High School in Hemet for Hemet Unified School District. The $110 million, 238,145-square-foot campus serves 2,400 students and was funded by Measures E and T general obligation bonds, which were approved by voters in 2002 and 2006. The 83-acre campus features five classroom buildings, science and art labs, music rooms, a 500-seat performing arts center, a 1,200-seat gymnasium with three basketball courts, baseball and softball fields, an Olympic-size pool, special education classrooms, an administration center, an auto shop, tennis courts, and a 4,000-seat football and track stadium. Trittipo Architecture & Planning provided architectural services for the project.