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First Pacific Pointe Building Trades

LONG BEACH, CA-The first of seven premium corporate headquarters buildings at Pacific Pointe at Douglas Park here trades for roughly $12.7 million in this week's wrap-up of deals.

By Carrie Rossenfeld | Updated on March 18, 2013

LONG BEACH, CA-The first building completed by Sares Regis Group, one of seven at master-planned business park Pacific Pointe at Douglas Park here, has been sold to Providence Industries, an apparel maker for the imprintable and private-label industries, for $12.7 million. The building is approximately 91,145 square feet. In addition, the United States Green Building Council has awarded Sares Regis Group‘s first four corporate headquarters buildings in park with LEED Gold and Silver certifications for their high levels of environmental sustainability. The development, which contains Southern California’s largest collection of LEED buildings for sale or lease, is located next to Long Beach Airport.

SAN FRANCISCO-APR Investment Group is offering for sale an 86-unit multifamily property here at 270 Turk St. for an asking price of $9.5 million. The 10-story property, which covers roughly 47,054 square feet on an approximately 6,850-square-foot site, was built in 1927 and hasn’t been on the market for 20 years. Made of reinforced concrete construction, it has withstood substantial structural and system upgrades and has separate electric and gas meters.

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