WESTMINSTER, COLO. — NBS Real Estate Capital, on behalf of Morrison Street series of private equity funds, has purchased a two-building office portfolio, which is located at the intersection of 121st Avenue and Pecos Street in Westminster, for $12.25 million. In addition to the 117,705-square-foot property, the sale also included a 2.52-acre land parcel entitled for future development. At the time of acquisition, the property was 89 percent leased to six tenants.
IRVINE, CALIF. — Brian Childs of NAI Capital represented Simptomjune LLC in the disposition of a 9,900-square-foot office building, which is located at 9851 Irvine Center Dr. within Irvine Spectrum in Irvine. Victor S. Tanon acquired the two-story property for $3.96 million. Chris Deason of Voit Commercial represented the buyer, who plans to occupy the building as an owner/user.
AURORA, COLO. — Trammel Crow Co., on behalf of owner Principal Real Estate Investors, has broken ground for the construction of the final phase at Airways Business Center in Aurora. The phase will consist of three buildings totaling 220,730 square feet and offering 24-foot clear ceiling heights with wide column spacing, generous glass storefronts, extensive truck docks and secure outdoor storage. Located at the corner of Airport Road and 22nd Avenue, the 54-acre park currently features 585,000 square feet of space.
NORTH FRESNO, CALIF. — Los Gatos, Calif.-based Granum Partners has completed two Class A office buildings at North Fresno Corporate Center, which are located at the corner of Alluvial and Ingram avenues within the Palm Bluff Circle development in North Fresno. The two buildings total 87,224 square feet. Located adjacent to Palm Bluffs Corporate Center, the project is easily accessible from Herndon Avenue and Freeway 41.
CORONA, CALIF. Newport Beach, Calif.-based Master Development Corp. (MDC) has completed the disposition of a 127,800-square-foot industrial building, which is located at 235 Radio Rd. in Corona, for $15 million. At the time of acquisition, the property was 100 percent leased by CertainTeed Corp., a manufacturer and marketer of vinyl windows and doors for the residential market. Jedd Zaun and Bill Garrett of Lee & Associates Newport Beach office represented both parties in the transaction. The buyer was not disclosed
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