SAN DIEGO—BNBuilders has added three construction leaders to its Southern California team: Tom McCready, Matt Hersam, and Douglas Allen. The addition of these experienced managers is a result of BNBuilders' growth in Southern California. McCready will serve as senior superintendent, and brings decades of experience as a leader in managing both large-scale ground-up construction projects, as well as smaller renovations. Hersam will serve a project manager and joins the team after building an impressive portfolio of construction experience in higher education in the Minneapolis and Midwest region. Allen, LEED AP BD+C, will serve as preconstruction manager, and has two decades of experience in estimating, project management, and preconstruction management.

DEALTRACKER

SAN DIEGO, CA—Prologis has sold the historic Santa Fe Depot building in San Diego, California, a local landmark built in 1915 and home to Amtrak's San Diego Union Station since 1920, to a private investor for an undisclosed price. Kipp Gstettenbauer and Ryan King of Voit's Private Client Group represented the seller, Prologis, Inc. and the buyer, Santa Fe Depot LLC. Prologis owned the asset by way of a series of mergers of firms dating back to the original Santa Fe Railway company, making this the first actual sale of the property to a new owner.

SAN DIEGO—Lighthouse Strategies has completed an 87-month, 40,811-square-foot full-building lease in San Diego. The new tenant will move into its new space December 1, 2017, and it will serve as the company's headquarters. NKF's senior managing directors Steve Bruce and Chris High, along with associate Conor Evans represented the landlord, CIRE Equity. Managing Principal Simon Terry-Lloyd and Advisor Zach Shaw of Cresa Global Inc. represented the tenant.

PHOENIX—Realty Income Properties of San Diego has purchased a 107,724-square-foot Home Depot at Hayden Plaza in Phoenix for $11.76 million. Located on the northwest corner of Cave Creek Road and Cactus Road, The Home Depot is a highly visible site sitting on approximately 9.08 acres. The Home Depot is on a ground lease for 20 years, from January 1999 to January 2020. Cushman & Wakefield executive managing directors Ryan Schubert and Michael Hackett represented the seller, a company formed by Kimco Realty Corporation.

SALT LAKE CITY—Red Rock Commons, a fully occupied 134,152-square-foot retail center in Saint George, UT, has traded hands for $33.2 million. Some of the center's tenants include Dick's Sporting Goods, Old Navy, Petsmart, Ulta Salon and The Gap. Built in 2011 and 2012 to institutional-quality standards, Red Rock Commons is situated on 19 acres and consists of four multi-tenant buildings and two freestanding pad buildings. The asset is located just off Interstate 15 at the northeast corner of S. River Road and E. 100 South. NKF's Capital Markets retail division executive managing director Pete Bethea, and senior managing directors Rob Ippolito and Glenn Rudy represented the seller, Shopcore/Blackstone. The buyer, Pacific Castle, was self-represented.

LOS ANGELES—The owner of Del Rey Club Apartments in Playa Del Rey has secured $38.75 million refinancing loan. Michael Derk, along with Nick Gray, an associate director of Marcus & Millichap Capital Corp., represented the owner, a repeat client of Institutional Property Advisors capital markets. The loan was structured as a full 10-year term interest only rate of 3.84%. The loan to value is 55%.