Real Estate Sales
Property: Lots 1, 2, 10 and 11 of Scripps Ranch Business Park Phase III
Seller: IRP Scripps, LLC
Selling agents: Rick Sparks, Brent Wright and Chris Pascale of CB Richard Ellis’ San Diego office represented both the seller and the buyer.
Buyer: Newport National Corp. purchased 18.8 developable acres for $11.62 million.
Property: 240 Landis Ave., San Diego
Seller: Landis Property Associates
Selling agents: Duncan Dodd of Grubb & Ellis represented the seller and McMurphy Development represented themselves.
Buyer: McMurphy Development purchased 17,000 square feet of office space for $575,775.
Real Estate Leases
Property: 835 Third Ave., Suite A, Chula Vista
Lessor: Donald Thurston & Doris Parker
Leasing agents: The lessees are representing themselves, and Tracy Clark of Voit Commercial Brokerage is representing the lessor.
Lessee/square footage: Centro Medico Latino, Inc. signed a five-year, $510,720 lease for 6,100 square feet of office space.
Property: 4033 Third Ave., #200, San Diego
Lessor: Third Avenue Medical Building Associates
Leasing agents: Paul Braun of Colliers International is representing the lessor, and Jeff Chasen of IPC Commercial is representing the lessee.
Lessee/square footage: Dr. William Stanton signed a 58-month, $442,669 lease for 2,870 square feet of office space.
Property: 8881 Fletcher Parkway, #380, La Mesa
Lessor: WHGH Real Estate LTD
Leasing agents: Paul Braun of Colliers International is representing both parties.
Lessee/square footage: Arkadiy Babayev signed a 57-month, $343,194 lease for 3,355 square feet of commercial space.
Property: 6949 El Camino Real, Carlsbad
Lessor: City of San Jose Retirement Funds
Leasing agents: The lessee represented themselves and Stewart Keith. Steve Lewis of Flocke & Avoyer represented the lessor.
Lessee/square footage: Frank and Lisa Bandera signed a three-year lease at $288,597 for 5,613 square feet.
Property: 8755 Aero Park, #322, San Diego
Lessor: Aero Properties LLC
Leasing agents: Jon Boland of Pinnacle Realty Management Co. represented the lessor. Dianne Miller of Colliers International represented the lessee.
Lessee/square footage: Fuji Electronic Industries America, Inc. signed a five-year, $164,256 lease for 1,711 square feet of office space.
