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Thursday, Sep 28, 2023

Hot Deals

Real Estate Sales

Property: 3420 Reed Road, Escondido

Seller: East Grove Joint Venture

Selling agents: Burnham’s Terry Jackson represented the seller. Ken Switzer of Switzerland Co. represented the buyer.

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Buyer: William Lyon Homes purchased the 178-acre parcel of land for $11.5 million.

Property: 5757 University Ave., San Diego

Seller: Colony Village Apartments LLC

Selling agents: The seller was represented by Dick Basset of Hendricks & Partners. John Chase of The Apartment Co. represented the buyer.

Buyer: Colony Village Apartments purchased a 63 apartment unit complex for $3.28 million.

Property: Cole Road, Calexico

Seller: Eastland Associates, LLC

Selling agents: Rick Rodriquez of Grubb & Ellis represented both the buyer and the seller.

Buyer: Victoria Eastland, LLC purchased the 219 residential lots for $1.2 million.

Real Estate Leases

Property: El Norte Parkway and Nordahl Road, Escondido

Lessor: Steward Development

Leasing agents: Mike Clark of BRE Commercial/NAI represented both the lessor and the lessee in the transaction.

Lessee: Jack in the Box signed a 240-month, $1.27 million lease for 43,560 square feet of space.

Property: 1615 Murray Canyon Road, San Diego

Lessor: M & S California Fund

Leasing agents: Ron Miller and Mark Wayne of Burnham represented the lessor. Buddy Norman of the Staubach Co. represented the lessee.

Lessee: Prism Communications signed a 60-month, $1.2 million lease for 8,570 square feet of space.

Property: 621 L St., Chula Vista

Lessor: Wonders Trust

Leasing agents: Darren Mullins of BRE Commercial/NAI represented the lessor. Jay Alexander of Colliers International represented the lessee.

Lessee: Neff Rental, Inc. signed a 60-month, $605,244 lease for 10,000 square feet of space.

Property: 6405 Mira Mesa Blvd., Suite 150, Mira Mesa

Lessor: Arrowhead General Insurance Agency

Leasing agents: Phil Linton of Grubb & Ellis represented the lessee. Barry Mahlberg of Burnham represented the lessor.

Lessee: Amdax.com signed a 41-month, $613,508 lease for 9,610 square feet of space.


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