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.
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.