Real Estate Sales
Property: Rio Vista Building, 8885 Rio San Diego Drive, San Diego
Seller: CalMat Co.
Selling Agents: Robert Trinen and Peter Andrich of Cushman Investments represented the seller. The buyer represented itself.
Buyer: The Shidler Group purchased a 108,080-square-foot office complex and an additional 11,000-square-foot free-standing pad for the construction of a retail facility for $21.61 million.
Property: Spring Hills Apartments, 4341 Spring St., La Mesa
Seller: Manster Real Estate, Inc.
Selling Agents: Philip Buckley of CB Richard Ellis’ San Diego Central office represented the seller. The buyer is represented by Stacey Sokle of Universe Holdings Development Co.
Buyer: Universe Holdings Development Co. purchased a 94-unit apartment complex on 2.86 acres of land for $6.96 million.
Property: Scripps Terrace Business Park, 10625-10635 Scripps Ranch Blvd., San Diego
Seller: Glenborough Properties
Selling agents: Randall LaChance and Chris Loughridge of Voit Commercial Brokerage’s San Diego office represented the seller. Theresa Spencer of Industrial Brokers represented the buyer.
Buyer: Theresa Spencer and Thomas Kaiser purchased a 56,798-square-foot project for $4.3 million.
Property: 2654-47 Main St. and 2645-49 Boston Ave., San Diego
Seller: PARD/Belle Air Enterprises
Selling Agents: Tim Mills of Burnham Real Estate Services * ONCOR International represented the buyer and the seller.
Buyer: 4003 Park Centre Partners, LLC purchased two industrial buildings for $950,000.
Real Estate Leases
Property: 5759 Fleet St., Carlsbad
Lessor: Natural Alternatives International, Inc.
Leasing Agents: Rick Reeder and Dennis Visser of Business Real Estate Brokerage Co./NAI represented the lessor. B. Flack and B. Norman of the Staubach Co. represented the lessee.
Lessee: iXL Corp. signed a $6,600,000 lease for 58,000 square feet of office and manufacturing space.
Property: 2176 Chablis Court, Suite 100, Escondido
Lessor: Andreasen Business Center, LLC
Leasing Agents: Mike Erwin and Barry Hendler of BRE Commercial/NAI represented both parties in the transaction.
Lessee: Walco Supply Co., Inc. signed an 85-month, $757,203 lease for 10,139 square feet of office and warehouse space.