SANTEE, CALIF. — San Diego-based Sudberry Properties Inc. is developing The Marketplace at Santee, a 71,530-square-foot neighborhood shopping center located in Santee. Located at Mission Gorge Road and Carlton Hills Boulevard, the $28 million project will be anchored by Henry’s Farmers Market. Other confirmed tenants include Starbucks Coffee, T-Mobile, FedEx, Kinko’s, Sport Clips Haircuts, Jack in the Box, San Diego National Bank, Sleep Train, Glamour Nails and Cazadora’s Mexican Restaurant. Designed by CSHQA Architects, the project offers tenant spaces ranging in size from 1,200 to 5,000 square feet. Santee Retail LP is the property owner; Centre Builders is serving as general contractor for Henry’s Farmers Market; and C.W. Driver is the project’s overall contractor. Completion is slated for November 2008.
CORONA, CALIF. — Voit Commercial Brokerage, a member of CORFAC International, has closed two separate transactions in Corona. In the first transaction, Walter Frome and Bill Livesay of Voit’s Irvine, Calif., office represented the sellers, Dudley Sewell and Heather Passoa-Bond, in the disposition of a 10,875-square-foot industrial property. Located at 3155 Palisades Dr., the building sold for $1.8 million. Standard Drywall Inc. will occupy the building. Michael Hefner and Mike Vernick of Voit’s Anaheim, Calif., office represented the buyer, E & M Investments. Additionally, Frome and Livesay represented both parties in the sale and acquisition of a 6,082-square-foot office building, which is located at 4210 Green River Rd. in Corona. West Hollywood, Calif.-based Olympic Barrington Partnership sold the property to Ralph and Sharon Dion for $1.7 million.
STOCKTON, CALIF. — TCP Inc. is relocating its west coast distribution center and warehouse to the Massie Industrial Park in Stockton. The company, which manufactures energy efficient lighting products, will occupy a 130,000-square-foot facility. The property features state-of-the-art radio frequency technology and 10 loading docks, as well as office and meeting space. Slated to open July 1, the new facility will bring approximately 30 new jobs to San Joaquin County. The facility is owned by Denver-based ProLogis.
OCEANSIDE, CALIF. — Grubb & Ellis|BRE Commercial has brokered two transactions in Oceanside. John Orlando of Grubb & Ellis|BRE Commercial represented Plaza Blvd. LLC in the disposition of a 9,400-square-foot retail center. Ken and Ban Yako acquired the property, which is located at 2640-2642 Oceanside Blvd., for $2.7 million. Additionally, Bradley D’Angelo LLC purchased a six-unit multifamily investment property, which is located at 1318 S. Pacific St. Kirk and Laila Bottomly sold the 2,600-square-foot property for $1.1 million. Ray Adams of Grubb & Ellis|BRE Commercial represented the sellers in the transaction.
SEATTLE — Vulcan Inc. has completed the second phase of UW Medicine’s research hub in Seattle’s South Lake Union neighborhood. Located at 815 Mercer St., the second phase consists of a 170,000-square-foot laboratory building and an 86,000-square-foot office building. In an effort to foster greater synergies and collaboration, several research groups are co-locating in the building, including the Institute for Stem Cell and Regenerative Medicine, the Center for Lung Biology, the Diabetes & Obesity Center of Excellence, and a proposed Mitochondria and Metabolism Center run by the Department of Anesthesiology. Perkins+Will provided architectural services for the project; Sellen Construction served as general contractor; Magnusson Klemencic Associates served as structural engineer; Affiliated Engineers NW provided electrical and mechanical engineering services; Coughlin Porter Lundeen served as civil engineer and Gustafson Guthrie Nichol provided landscape architectural services.
GARDEN GROVE, CALIF. — Orange County, Calif.-based Burke Real Estate Group has acquired Cedargrove Business Park in Garden Grove for $10.2 million. Located at 13311 to 13341 Garden Grove Blvd., the four-building park offers 79,926 square feet of space. Mike Hefner and Paul Caputo of Voit Commercial Brokerage’s Anaheim Metro office represented the buyer; John Gates of Central DeAnza LLC represented the seller, Herd Partnership, in the transaction.
CENTURY CITY, CALIF. — Irvine, Calif.-based Snyder Langston has completed the construction of a 34,000-square-foot office building for Fox Studios. Located on the Fox Studios’ lot in Century City, the four-story building was completed on an accelerated time frame to accommodate one of the tenants. Digital Media is occupying the fourth floor of the facility, while Fox will use the first floor for dressing rooms and the second and third floors for post-production operations. Additionally, the property was constructed to meet LEED certification standards. John Wiedner of Gensler Architects provided architectural services for the project.
EL CAJON, CALIF. — San Diego-based Pacific Realty Advisors has purchased Pacific Mollison LP, a seven-building apartment community located at 520 S. Mollison Ave. in El Cajon. The 68-unit property sold for $5.8 million. Pacific Realty Advisors plans to remodel the project, including upgrades to the windows, roof, doors and additional structural necessities. The community offers 24 one-bedroom/one-bath units, 32 two-bedroom/two-bath units and 12 three-bedroom/two-bath units. Additionally, the property features a recreation room and 106 parking spaces. The buyer was self-represented in the transaction. The seller was not disclosed.
SEAL BEACH, CALIF. — TPX LP has purchased a 78,000-square-foot industrial building, which is located at 1709 Apollo Ct. in Seal Beach, for an undisclosed price. TPX has leased the property to Torrance, Calif.-based AMONIX, a leader in solar electric power technology. AMONIX will utilize the facility to manufacture its large solar cells. Sheri Messerlian of NAI Capital’s South Bay, Calif., office, along with Clint McMorris of Colliers International, represented the buyer; John Schumaker of CB Richard Ellis represented the seller, Knickerbocker Properties Inc. XLVI, in the transaction. Messerlian also represented AMONIX in leasing the property.
IRVINE, CALIF. — Avanath Capital Partners and MacFarlane Costa Housing Partners have acquired Simpson Housing Solutions (SHS) and its portfolio of 273 properties. The 26,000-unit portfolio consists of affordable rental apartments in 33 states, Washington D.C. and Puerto Rico, with more than half of the properties located in California. In the initial phase of the two-phase transaction, ownership of the former SHS portfolio will be jointly held by Avanath Affordable Capital, a wholly owned subsidiary of Irvine-based Avanath Capital Partners, and MacFarlane Costa Housing Partners (MCHP). MCHP is a newly formed joint venture between Michael Costa, the president of SHS, and MacFarlane Partners Affordable Housing, an affiliate of San Francisco-based MacFarlane Partners. To finance the acquisition, Avanath is conducting a fund offering for which real estate investment banking firm Presidio Partners is serving as the placement agent.