HENDERSON, NEV. — MedCapital Group has provided $7.8 million in permanent financing for a behavioral care facility in Henderson. Terms of the loan include a fixed interest rate of 6.50 percent and a 5-year term with a 30-year amortization. The 25,000-square-foot behavioral treatment center is located in a medical service area of Henderson. Todd Tidmore of MedCapital Group secured the financing on behalf of the undisclosed borrower.
Western
CARLSBAD, CALIF. — Aric Starck, Dennis Visser and Andy Melzer of Grubb & Ellis|BRE Commercial represented RREEF in the lease of 46,353 square feet of research and development space to Medtronic Inc. Ablation Frontiers, a division of Medtronics, will occupy the space, which is located at 2210 Faraday Ave., Suite 200, within Research Center Pointe in Carlsbad. Starck also represented Medtronic in the transaction. Further details of the lease were not disclosed.
SAN DIEGO — San Diego-based H. G. Fenton Company has opened Aquatera, a residential community located at 5777 Mission Center Rd. in the Mission Valley area of San Diego. The community features one, two and three-bedroom floor plans ranging in size from 729 to 1,394 square feet. The community features a 10,300-square-foot clubhouse; a 25-meter saltwater pool; a sports club with state-of-the-art weight and cardio stations, free weights and personal television mounts; three flat-screen televisions; a Nintendo® Wii; Sony® Playstations; and a pool table.
SANTA ANA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of Home Place, a multi-tenant retail strip center in Santa Ana. Located at 1935 E. 17th St., the property sold for $4.32 million or $532 per square foot. The 8,116-square-foot center is tenanted by Union Bank, Cantaloop Yogurt, Ritz Nails and Dorazio Learning Center. James Kwon of Coldwell Banker Best Realty represented the buyer, Oh Family Trust; Carlos Lopez of Hanley Investment Group represented the seller, HPSC II LLC, an entity of Red Mountain Retail Group, in the transaction.
LAS VEGAS — Las Vegas-based Danoski Clutts Building Group has completed construction of shell buildings for the Desert Marketplace, which is located on the southeast corner of Durango and Warm Springs in Las Vegas. The second phase of the project included two shell buildings totaling 95,000 square feet. Construction on the third building is currently underway. The $5 million project is currently anchored by Big 5, PetCo and TJ Maxx/HomeGoods.
ALAMEDA, SAN FRANCISCO AND NOVATO, CALIF. — Cohen Financial has secured four DUS loans totaling $28.4 million for a 261-unit multifamily portfolio in Northern California. The portfolio consists of two properties totaling 103 units in Alameda, a 100-unit property in San Francisco and a 58-unit property in Novato. Kenneth Fox of Cohen’s San Francisco office originated the transactions and secured the competitively priced, fixed-rate financing. The lender was Greystone Financial Group. The borrower was an undisclosed San Francisco-based apartment investor.
PHOENIX — DAUM Commercial Real Estate represented Rosenthal Family Trust in the acquisition of a 21,000-square-foot retail building, which is located at 1726 W. Camelback Rd. in Phoenix. The single-tenant property sold for $2.89 million. Jeff Demorest of DAUM’s Newport Beach, Calif., office represented the buyer; Jeff Conover of Faris Lee represented the undisclosed seller in the transaction.
SAN DIEGO — Barnhart Inc. and San Diego Mesa College have completed the construction of a parking facility, which is located on the campus of San Diego Mesa College. The five-tiered structure features 1,052 parking spaces, photovoltaic panels, an under construction police station and an under construction Allied Health Building. San Diego-based Delawie Wilkes Rodrigues Barker provided architectural services for the project. The facility was funded through Proposition S, a $685-million construction bond passed by San Diego voters in 2002.
DENVER — NorthMarq’s Denver office has arranged $19.5 million in permanent financing for South Fork Apartments. The newly constructed property consists of 15 three-story buildings, which offer a total of 336 units. Located in Denver, the property also features an outdoor swimming pool, a heated spa, detached garages, a clubhouse, a business center and a fitness center. Dave Link and Jim DiRienzo of NorthMarq secured the financing on behalf of the undisclosed borrower.
UPLAND, CALIF. — Newport Beach, Calif.-based Master Development Corp. has leased a 20,548-square-foot industrial building to University Consortium of Claremont, Calif. The property is located at 2038 W. Eleventh St. in the Upland Technology Center in Upland. Nicholas Chang and Richard Lee of NAI Capital’s Ontario, Calif., office represented the landlord in the transaction; Nick Quackenbos of Quackenbos-Bell Commercial Real Estate represented the tenant. Further details of the lease were not disclosed.