PHOENIX — Tin Cup Properties LLC has acquired a 25,129-square-foot general industrial complex, which is located at 5213 W. Lamar Rd. in Phoenix, for $1.65 million. At the time of acquisition, the property, which was built in 1982, was 100 percent leased. Paul Boyle and Rick Danis of Grubb & Ellis|BRE Commercial represented the buyer and the seller, 5213 West Lamar Road Industrial Complex LLC, in the transaction.
Western
SAN FRANCISCO — New York-based Broadway Partners has unveiled plans to redevelop 188 Spear Street in San Francisco. The company plans to add four floors atop the existing nine-floor office building. The 105,000-square-foot addition will feature 9-foot finished ceilings, door-to-ceiling windows and views of the Ferry Building and San Francisco Bay. The redevelopment project also includes the renovation of the lobby and major upgrades to convert the existing structure into a larger, highly effective, Class A office building. The new portion is designed by Brereton Architects. Upon completion, the building will feature 13 floors and approximately 253,000 square feet of space. The property was formerly known as 120 Howard.
LAS VEGAS — SR Construction has completed the construction of the LV-5 Test Cell project for Varian Medical Systems in Las Vegas. Located at 6811 Spencer St., the 85,754-square-foot project consists of four concrete test cell vaults, a production area and administrative offices. Hoover Associates provided architectural services for the $12 million project.
LONE TREE, COLO. — Spring Valley—Campo Road LLC has acquired 9078 Westview Road in Lone Tree. The 13,825-square-foot retail center sold for $6.9 million or $499 per square foot. Current tenants include Casual Male, Kitchen Gallery, AT&T Wireless and Doctors Vision Works. Transmark Company brokered the transaction. The seller was not disclosed.
LOS ANGELES — Stephen Grossman of Lee & Associates-Newport Beach Inc. has brokered the sale of 210 Self Storage, a 720-unit, 60,000-square-foot rentable self-storage facility in Los Angeles. Extra Space Storage Inc. purchased the property from Morelli Brothers Enterprises LLC for $7.5 million. The building was originally an industrial warehouse and was converted to a self-storage facility by the seller.
PASADENA, CALIF. — McCarthy Building Companies Inc. has completed its fourth major project for Huntington Memorial Hospital. Designed by Pasadena-based HDR Inc., the $170 million West Tower is the final phase of the hospital’s master-planned development. The six-story, 237,734-square-foot tower offers 128 private patient care rooms, including 32 acute care beds; a pharmacy; a cafeteria; and an expanded clinical laboratory. Additionally, McCarthy completed structural upgrades on the existing lobby, patient bridge and pedestrian tunnel in compliance with Senate Bill 1953, which requires seismic upgrades for all acute care facilities.
FLAGSTAFF, ARIZ. — Wespac Construction Inc. recently completed the construction of The New Frontiers Natural Marketplace, a 25,000-square-foot retail facility in Flagstaff. The new store anchors Aspen Place at the Sawmill, a 38-acre mixed-use development located on the former Stone Forest Sawmill site. The organic grocery store features a myriad of conventional and not-so conventional sustainable building components, including natural daylighting, solar panels and recycled denim insulation. The Aspen Group is developing the project; Davis Architects is providing architectural services. Current retailers include Chico’s, Wildflower Bread Company, Pita Jungle and Coldwater Creek.
GILBERT, ARIZ. — Grasser Investments LLC is developing Spectrum Commercial Core, a 5-acre mixed-use project located at the intersection of Loop 202 and Val Vista in Gilbert. AR Mays Construction has broken ground for the construction of Mountainside Fitness, which is located within the development. The project consists of ground-level retail space, Mountainside Fitness on the second level and office space on the third level. MCG Architects provided architectural services for the project.
MERCED, CALIF. — Sundt Construction has been selected to construct a new social science and management building at the University of California, Merced. The three-story, 101,000-square-foot building will features classrooms, offices and a dry research lab. The $38 million project is designed to achieve LEED Silver certification by the U.S. Green Building Council. San Francisco-based Studios Architecture provided architectural services for the project. Construction is scheduled to begin in August with completion slated for March 2010.
PHOENIX — Alliance Residential Co. plans to develop a 240-unit luxury rental community in the heart of the Camelback Corridor in Phoenix. Located at the intersection of 16th Street and Campbell, the $36 million project will feature one- and two-bedroom apartment homes with loft-style floor plans, hardwood floors, center-island kitchens with granite countertops, spiral staircases and state-of-the-art amenities. The community will feature a 2,700-square-foot fully equipped clubhouse/social lounge, a wireless cyber café with coffee bar, a 2,300-square-foot fully equipped fitness center and a resort-style pool. Completion and occupancy are slated for fall 2009. The company acquired the 4.14-acre land site in May for $5 million.