PHOENIX — Phoenix-based Miamar Investments L.P. has purchased Country Club Manor, an 89,214-square-foot office complex located at 1221 and 1313 E. Osborn Rd. in Phoenix. Laguna Hills, Calif.-based Muller-County Club LLC (The Muller Company) sold the property for $13.97 million. Built in 1987, the property consists of two one- and two-story buildings. At the time of acquisition, the property was 100 percent occupied. Barry Gabel, Mindy Korth, Mark Dancer, Ken White and Rob Hannan of CB Richard Ellis (CBRE) represented the seller in the transaction. Financing for the transaction was arranged by Rocco Mandela and Brad Miner of the Phoenix office of CBRE|Melody, CBRE’s debt and equity financing service.
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SANTA ANA, CALIF. — Schnioda Design Center has signed a 10-year lease for a 135,731-square-foot industrial building, which is located at 601-603 W. Dyer Rd. in Santa Ana. 601 West Dyer Road LLC leased the property for $13.5 million. Kevin Turner and Mike Hartel of Voit Commercial Brokerage’s Irvine, Calif., office represented the landlord in the lease transaction.
MORENO VALLEY, CALIF. — Eric Werner of Hanley Investment Group represented a Riverside, Calif.-based private partnership in the acquisition of Sunnymead Professional Building, an 8,625-square-foot office/retail center located at 23205, 23207 and 23209 Sunnymead Blvd. in Moreno Valley, for $2.32 million. Built in 2006, the two-story building is currently 100 percent leased to multiple tenants, including FastSigns, Geller Stewart & Foley LLP and PIP Printing. Jamie Harrison of Marcus & Millichap’s Ontario, Calif., office represented the seller, Moreno Valley-based Sunnymead Building Partners 1 LLC, in the transaction.
LAS VEGAS — Portland, Ore.-based HIC Trident LLC has acquired Trident Industrial Park, a four-building industrial campus located at 2915 Losee Rd. in Las Vegas, for $16.2 million. Built in 2001, the 130,000-square-foot park offers 15 percent office space and 85 percent warehouse space. At the time of acquisition, the property was fully occupied. Al Barbagallo of Grubb & Ellis|Las Vegas represented the seller, Trident Industrial Park LLC, in the transaction.
CITRUS HEIGHTS, CALIF. — Capmark Finance Inc. has originated an $84 million loan for Steadfast Commercial Properties for the acquisition of Sunrise Mall. Major tenants of the retail property include Macy’s, JC Penney and Sears. John Fett of Capmark Finance’s Roseville, Calif., office secured the fixed-rate loan, which was provided by AXA Equitable.
RENO, NEV. — Petaluma, Calif.-based Basin Street Partners has acquired Waterfront Plaza, a 145,000-square-foot office tower located at 300 E. Second St., and two adjacent hotel properties, which are located at the intersection of East Second and Nevin streets in Reno. The company has a $6 million capital improvement renovation planned to convert the Waterfront Plaza into a Class A office building. Additionally, Basin Street Partners is developing Hyatt Summerfield Suites on the hotel properties. The new six-story hotel will offer 148 rooms. TRT Investments sold Waterfront Plaza for an undisclosed price. Basin Street Partners purchased the hotel properties from the City of Reno and a private investor.
TEJON RANCH, CALIF. — A joint venture between Tejon Ranch Company and Rockefeller Group Development Corp. has developed a 606,000-square-foot warehouse facility at its Tejon Industrial Complex, a 1,450-acre master-planned commercial development located at the junction of Interstate 5 and Highway 99 in Tejon Ranch. Part of the 3.1 million-square-foot complex, the new building is designed for single- or multiple-tenant use. Irvine, Calif.-based HPA designed the new building, which was constructed by Fullmer. Additionally, the U.S. Department of Commerce has officially recognized the expansion of Foreign Trade Zone #202 to now include an initial 177 acres at Tejon Industrial Complex.
SAN PEDRO, CALIF. — KF Properties has purchased a medical office complex, which is located at 1360 W. 16th St. in San Pedro, from G&L Realty for $16 million. In addition to the 63,000-square-foot, three-building property, the sale included 2 acres of developable land and a 383-space parking lot. Built in 1962, the buildings were 100 percent leased at the time of acquisition. Mike Meisenbach of Lee & Associates represented the buyer in the transaction.
ANAHEIM, CALIF. — M&A Gabaee has purchased a two-building retail center, which is located at 1020-1098 N. Euclid Ave. in Anaheim, for $3.6 million. The center consists of a 32,800-square-foot building, which is leased to Dearden’s, and a 2,300-square-foot facility, which is occupied by a non-commercial insurance agency. Tanel Harunzade of Charles Dunn Company represented the buyer; Cari Widman, also of Charles Dunn Company, represented the seller, HEM Properties LLC, in the transaction.
MESA, ARIZ. — Flagstaff, Ariz.-based Amelia/10th LLC has purchased a 49,000-square-foot retail property located at 1600 West Main St. in Mesa. Sun Pontiac II LLC sold the property for approximately $2 million. Matt Ogle of Staubach Commercial represented the seller; Tom Semancik of Coldwell Banker Commercial NRT represented the buyer in the transaction.