INLAND EMPIRE

43379 Business Park Dr.

Warren Lortie Investments bought an 86,449-square-foot industrial property at 43379-43397 Business Park Dr. in Temecula from Foremost Carmel Mountain Ltd. for approximately $6.82 million, with EVP Alan Pekarcik and SVP Dan Vittone of the Irvine office of Voit Real Estate Services representing both the buyer and the seller. The project consists of two multi-tenant industrial buildings totaling 46,327 square feet, one multi-tenant flex building containing 12,681 square feet and one two-story, elevator-served, multi-tenant office building totaling 27,441 square feet. The buildings are situated on an approximate 6.09-acre parcel, and each suite in all four buildings is individually metered for electricity. Pekarcik said that the buyer "is well positioned to increase returns as the submarket improves.”

Shield Packaging of California bought a 78,021-square-feet industrial building at 5740 Schaefer Ave. in Chino from MRC Properties LLC for $3.9 million. Shield was represented by VPs Brad Yates and Richard Schwartz of the Inland Empire office of Colliers International. MRC Properties was represented by Larry Null and Douglas Earnhart of Lee & Associates. Built in the 1970s, the property is an older metal building with 78,021 square feet of industrial space and 5,622 square feet of office space.

LOS ANGELES COUNTY

Achem Industry America Inc. bought a 128,000-square-feet industrial property at 13226 Alondra Blvd. in Cerritos from Scope Properties LLC for $10.56 million and will use it as a distribution and light manufacturing center. The buyerk, who will also build 4,000 square feet of new office space, was represented by SVP Chris Sheehan and VP Adam Deierling of Colliers International’s Torrance office. The seller was represented by Ted Carpenter of Carpenter & Associates.

A Los Angeles-based 1031 Exchange buyer acquired the nine-unit Outrigger Apartments at 15 Outrigger St. in Marina Del Rey from private investors based in Hawaii for $4 million at a 3.84% cap rate. Both parties were represented by EVP Kitty Wallace of Colliers International’s West Los Angeles office. Wallace commented on the deal: “Almost immediately, we saw tremendous interest in the Outrigger Apartments. As expected, the property scored well with investors due to its coastal location, impeccable condition, and 100% occupancy rate. There was an aggressive bidding war over the asset and it finally sold at list price with $100,000 hard money up front." The four-story complex was built in 1972 and was renovated in 1982.

Wrightwood Capital, through one of its managed funds, has invested $3.4 million of preferred equity with a regional apartment owner and operator to facilitate the acquisition of two adjacent 24-unit, three-story apartment projects near the NoHo arts district and originally built in 1990. Wrightwood's partner plans to reposition the properties by updating the exterior and common areas, bringing rents to market and managing operating expenses. The partner's property management group will oversee capital expenditures and provide property management services.

Capitol Distribution, a Santa Fe Springs-based bulk food distribution company, signed a five-year, $2.2 million lease for a 102,576-square-foot industrial property owned by ProLogis at 13930-13950 Mica St. in Santa Fe Springs. The tenant was represented by Sheehan and Deierling of Colliers, along with SVP Phil Norton of Colliers’ Commerce office. Prologis represented itself. Sheehan and Deierling, along with VP Josh Hayes of the Colliers Ontario office, represented tenant Royal Sugar LLC, a New Jersey-based food distribution company, in a 50-month lease for a ProLogis property at 14659 Alondra Blvd. in La Mirada. Prologis represented itself.

Hydrofarm Inc., a manufacturer/distributor of hydroponics equipment and grow lights based in Petaluma, CA, signed a 45-month, 82,080-square-foot lease for industrial space owned by Golden Springs Development Co. at 12991 Leffingwell in Santa Fe Springs. Golden Springs was represented by senior EVPs Clyde Stauff of Colliers International’s Irvine office and Stephen C. Calhoun of the Colliers Commerce office. The property was built in 2000 and will be used as a distribution center for light assembly and manufacturing by the new tenant, who was represented by Steve Sprenger and Randy Lockwood of Grubb & Ellis. The transaction is valued at $1.9 million.

The US General Services Administration signed a 10-year, 43,936-square-foot lease for a regional training facility for a federal law enforcement agency that now occupies both floors of the Saturn Corporate Center at 1938-1968 Saturn St. in Monterey Park. The GSA was represented by Jones Lang LaSalle's Jeffrey Ingham and Amy Aldridge. Landlord Global Pacific Development was represented by Grubb & Ellis Co. The federal government now occupies 100% of the two buildings located at the property.

WTAS, providers of tax, valuation and financial advisory and related consulting services to individual and corporate clients across the country, has leased 23,666 SF of space at the Mellon Bank Center, 400 Hope St. in Los Angeles. WTAS was represented by EVP David Kluth from the Downtown Los Angeles office of UGL Services, along with SVP Justin Hodgdon of the UGL Services Orange County office.

SAN DIEGO COUNTY

Center Pointe Business Park

An affiliate of Westport Capital Partners LLC bought the 245,101-square-foot Center Pointe Business Park at 1280, 1290, 1300 and 1400 North Johnson Avenue and 750 and 900 Vernon Way in El Cajon from Centerpointe I and Centerpointe II for an undisclosed price. Both the buyer and the seller were represented by Bryce Aberg and Brant Aberg of Cassidy Turley BRE Commercial as well as James Renner and Robbie Cornell of Inland Pacific Commercial Properties. Scot Eisendrath of Cassidy Turley BRE Commercial’s Financial Advisory Services Group provided financial expertise.

Tom Sheng 76 Enterprises LP bought a 5,693-square-foot building at 800 Paseo Del Rey St. in Chula Vista from La Jolla Nautilus Ltd. for $1.7 million. Joe Yetter, Mike Clark and Brent Williams of Cassidy Turley BRE Commercial represented the seller. Nicholas Alford of Cushman & Wakefield represented the buyer.