sales_and_leases

Office Tower in Oakland’s City Center Changes Hands

by Nellie Day January 13, 2016

OAKLAND, CALIF. — An unnamed buyer has purchased a 521,177-square-foot office tower in Oakland’s City Center mixed-use development for an undisclosed sum. The 24-story tower is located at 1221 City Center, at the intersection of 12th Street and Broadway. The tower’s lobby and common areas have recently undergone a $21.5 million renovation. The property also enjoys immediate access to the Bay Area Rapid Transit (BART). The space is now 98 percent occupied. The seller was a joint venture between American Realty Advisors and Westcore Properties. Eastdil Secured represented the joint venture in the sale.

January 13, 2016

California Industrial Western

Mazda to Relocate North American Headquarters within Irvine

by Nellie Day January 13, 2016

IRVINE, CALIF. — Mazda North American Operations has announced its plans to relocate its headquarters to a new facility in Irvine, less than a mile from its current location. The 10-year lease will allow Mazda to occupy 102,000 square feet, or five floors, within the 21-story building. The new space is located at 200 Spectrum Center Drive. Mazda will also have exclusive naming rights atop the building. The car maker will occupy half of the lobby, which will include vehicle displays. Mazda has been based at 7755 Irvine Center Drive for nearly 30 years. The new space is owned by the Irvine Company. It was designed by Pei Cobb Freed & Partners.

January 13, 2016

Alabama Retail Southeast

Cushman & Wakefield Brokers $25M Sale of Shopping Center in Birmingham

by John Nelson January 13, 2016

BIRMINGHAM, ALA. — Cushman & Wakefield’s Atlanta retail investment advisors group has brokered the $25 million sale of Village at Lee Branch II, a 223,100-square-foot shopping center in Birmingham. Monarch Investments purchased the property from Rushmore Properties, a private real estate investment firm based in Chicago. Located at the intersection of U.S. Route 280 and Doug Baker Boulevard, the shopping center’s tenant roster includes Hobby Lobby, Carmike Theaters, Baumhower’s, Taziki’s Café, The Melting Pot and Sport Clips. The sale included several undeveloped pad sites. Mark Joines, Drew Fleming and Fain Hicks of Cushman & Wakefield’s Atlanta office, along with Mark Gilbert of the firm’s Miami office, represented the seller in the transaction.

January 13, 2016

Midwest Multifamily Ohio

Marcus & Millichap Brokers $15.3M Sale of Apartment Complex in Toledo, Ohio

by Christina Cannon January 13, 2016

TOLEDO, OHIO — Marcus & Millichap has brokered the sale of a 200-unit apartment community for $15.3 million. Quail Hollow at the Lake is located in Toledo. Quail Hollow was built in 1999 and features a combination of one-, two- and three-bedroom units. Units include a private entrance, 9-foot ceilings, fully furnished kitchens, walk-in closets, washers and dryers and a private balcony or patio. Community amenities include a clubhouse with fitness center, outdoor pool with sundeck and Jacuzzi, a playground and a dog park. Michael Barron, Daniel Burkons and Joshua Wintermute of Marcus & Millichap listed the property on behalf of the seller and procured the buyer.

January 13, 2016

California Multifamily Western

Private Investor Buys 53-Unit Apartment Building in Monrovia for $12.2M

by Nellie Day January 12, 2016

MONROVIA, CALIF. — A private investor has purchased a 53-unit apartment building in Monrovia for $12.2 million. The community is located at 1219 S. Alta Vista Ave. It was built in 1971. Warren Berzack and Stephen Geiger of Berzack Investment Property Advisors Group of Lee & Associates-LA North/Ventura represented both the buyer and seller, another private investor, in the transaction.

January 12, 2016

Industrial Oregon Western

Keystone Automotive Industries Leases 230,000 SF in Portland

by Nellie Day January 12, 2016

PORTLAND, ORE. — Keystone Automotive Industries has leased 230,000 square feet at Interstate Crossroads Distribution Center in Portland. The space is located at NE 166th Avenue and NE Cameron Boulevard. The owner, Interstate Crossroads LLP, is a joint venture between real estate finance and investment management firm PCCP LLC and project developer Specht Development. David Ellis and Don Ossey of Capacity Commercial Group/CORFAC International represented the joint venture in the deal.

January 12, 2016

California Office Western

Nova Academy Children’s Foundation Buys Santa Ana Office Building for $8M

by Nellie Day January 12, 2016

SANTA ANA, CALIF. — Nova Academy Children’s Foundation has purchased a 38,000-square-foot office building in Santa Ana for $8 million. The building is located at 500 W. Santa Ana Blvd. The foundation will use this property as a flagship charter high school. Brian Corrigan of Voit Real Estate Services’ Anaheim executed the sale.

January 12, 2016

Industrial Nevada Western

Sahara Mini Storage in Las Vegas Sells for $3.4M

by Nellie Day January 12, 2016

LAS VEGAS — A limited liability company has purchased Sahara Mini Storage, a 52,672-square-foot self-storage facility in Las Vegas, for $3.4 million. The facility is located at 8140 West Sahara Ave. It was about 62 percent occupied at the time of sale. The seller, a personal trust, plans to donate all proceeds of the sale to charity. Cameron Glinton and Christopher R. Secreto of Marcus & Millichap represented both the buyer and seller in this transaction.

January 12, 2016

Multifamily New York Northeast

Hampshire Properties Acquires 360-Unit Multifamily Property in New York

by Amy Works January 12, 2016

FISHKILL, N.Y. — Hampshire Properties has acquired The Village at Merritt Park, a 360-unit multifamily property located at 80 Jefferson Blvd. in Fishkill, from TGM Associates for an undisclosed price. Situated on 41 acres, the property consists of 16 two-story residential buildings and resort-style amenities, including tennis and basketball courts, a 24-hour fitness center, movie theater, children’s playground and heated swimming pool. Andrew Merin, Karen Iman, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt and Ryan Dowd of Cushman & Wakefield brokered the transaction.

January 12, 2016

Indiana Midwest Retail

Cooper Commercial Arranges $8.5M Sale of Retail Property in Indianapolis

by Christina Cannon January 12, 2016

INDIANAPOLIS — The Cooper Commercial Investment Group has arranged the sale of Indian Creek Shopping Commons in Indianapolis for $8.5 million. The 59,789-square-foot center was built in 2003 and is shadow anchored by Walmart Supercenter. Tenants at the property include Dollar Tree, Buffalo Wild Wings, Sally Beauty, Pet Supplies Plus, FedEx, World Finance Company, GameStop and Rally’s Hamburgers. Dan Cooper of The Cooper Commercial Investment Group brokered the transaction. The seller was a private investment group, and the East Coast buyer was undisclosed.

January 12, 2016

Newer Posts

Older Posts

Upcoming Events

May
07