NEWPORT BEACH, CA—NGKF Capital Markets has completed six transactions totaling 1,18 million square feet on behalf of Sunbelt Enterprises, LLC and its affiliated entities. Concentrated in the Southern California and Las Vegas regions, these transactions represent more than half of the company's 2.1-million-square-foot real estate portfolio for sale. NGKF Capital Markets Executive Managing Directors Robert Griffith and Rick Sheckter were tapped last year to market the portfolio for Sunbelt Enterprises.
The most recent sale was the Packing House Square property located at 18200 Yorba Linda Boulevard in Yorba Linda, CA, to PRES Companies. The class A asset is located across from the Richard Nixon Library & Birthplace. The seven-building office and retail property totals 146,749 square feet and consists of a four-story, 96,652-square-foot office property that was 85 percent leased at the time of sale, along with six retail buildings totaling 50,097 square feet that were 98 percent leased at the time of the sale.
Other assets that have sold over the past six months include:
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
