SALES
The Law Offices of Gerald Bank has purchased three office condominiums in Demko Investment Corp.’s Columbia Court Office Suites for $1.23 million. The recently converted four-story office condominium located at 444 West C St. in downtown San Diego has 14 units remaining, ranging from 369 square feet to 3,539 square feet. Prices for units start at $239,850. Jennifer Gallivan and Ryan Jessee represented both buyer and seller.
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Randall Lamb Associates, a San Diego consulting and engineering services firm, has purchased the 10,000-square-foot La Mesa commercial office project, located at 4757 4767 Palm Ave. in La Mesa, for $3.23 million. John Casey of Burnham Real Estate represented the seller, KCM LM LLC. The buyer represented itself.
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Home Accents Furniture Store purchased 2,875 square feet of retail space at 231 Grand Ave. in Escondido for $745,000. The seller, Catherine Paulos, was represented by Rick Marcus of McMillin Realty. Steve Crockett of Lee & Associates represented the buyer.
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Red Mountain Properties LLC has sold 40,000 square feet of industrial space to Quanta Services Inc. for $9.1 million. The property is located at 525 Corporate Drive in Escondido. Greg Pieratt and Adam Robinson of Lee & Associates represented the buyer. Pieratt, Robinson and Clifford Crowe represented the seller.
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Toray Membrane USA Inc. has purchased an 11,834-square-foot building at Poway Business Park, located at 12201 Thatcher Court in Poway, for $2.31 million. Mickey Morera of Burnham Real Estate represented the buyer. The seller, Harrison Family Trust, was represented by Glenn Arnold and Todd Murphy of Grubb & Ellis|BRE Commercial.
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Grant Street Development purchased 5,790 square feet of space from MGC Communications Inc. for $1.55 million. The property is located at 4695 Palm Ave. in La Mesa. Kerry Schimpf of Grubb & Ellis|BRE Commercial represented the buyer. Matt Carlson, Mike Macie and Katie Donohue of Cushman & Wakefield represented the seller.
LEASES
Cingular Wireless PCS LLC has signed a five-year lease for 3,617 square feet of retail space at 3300 Rosecrans St. in Point Loma from CT Retail Properties Finance V LLC for $723,327. Dave Hagglund of CB Richard Ellis represented the lessee. Christine Marr of Northstar Advisory Services LLC represented the lessor.
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IPG has signed a 10-year, $4.54 million lease for 10,818 square feet of office space in DiamondView Tower, located at 350 10th Ave., Suite 1150, in downtown San Diego, from Right Field Office Partners LLC. Bill Shrader and Corinna Gattasso of Burnham Real Estate represented the lessee. Kraig Kristofferson of CB Richard Ellis represented the lessor.
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Industrial space totaling 2,380 square feet has been leased to Shoreline Landcare Inc. by Manulife for $106,980. The property, leased for 36 months, is located at 8148 Ronson Road, Suites A and B, in Kearny Mesa. Michael Abernathy of Lee & Associates represented the lessor. Beau Argoun of SD & A; Partners Inc. represented the lessee.
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Oceanside Plaza LLC leased 2,870 square feet of retail space at 2023 Mission Ave. in Oceanside to Cricket Cellular for $162,739. The property is leased for 60 months. Mike Dudzik and Randy Dalby of Lee & Associates represented the lessor. Tony Suh of 8949 Realty & Investment represented the lessee.
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Kolker Systems Inc. leased 2,870 square feet of flex space at 5751 Palmer Way, Suite E, in Carlsbad to Kalloc Studios Inc. The property was leased for 24 months for $67,243. Rusty Williams and Isaac Little of Lee & Associates represented the lessor. Todd Davis of Grubb & Ellis|BRE Commercial represented the lessee.
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Retail space totaling 2,637 square feet has been leased by Ranpac Commercial Real Estate to Mille Feuille for $1.34 million. The property, leased for 120 months, is located at 3896 Fifth Ave. in downtown San Diego. Steve Crockett of Lee & Associates represented the lessee. Kyle Clark of Burnham Real Estate represented the lessor.
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Pacific Consolidated Holdings II has leased 36,700 square feet of industrial space, located at 1360 Park Center Drive in Vista, to Aperio Technologies for $1.68 million. The property is leased for 60 months. Matt Weaver, Steve Bruce and Isaac Little of Lee & Associates represented the lessor. David Marino of Irving Hughes represented the lessee.
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Robeks Fruit Smoothies & Healthy Eats has leased 750 square feet of retail space from Thomas Perry Trust for $366,271. The property, located at 625 B St. in downtown San Diego, is leased for 10 years. Bill Shrader, Corinna Gattasso and David Maxwell of Burnham Real Estate represented the lessor. Michael Burton of Grubb & Ellis|BRE Commercial represented the lessee.
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Office space totaling 2,066 square located at 2525 Camino del Rio S., Suite 222, has been leased by RTI Inc. for $119,202. The property is leased for 37 months from CDRS LLC. Jennifer Gallivan and Jim Laing of Burnham Real Estate represented the lessee. Ken Kisbert of Colliers International represented the lessor.
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Harsch Investment Properties has leased 13,295 square feet of industrial space to Seirus Innovative Accessories in the Poway Industrial Center for $310,586. The property, located at 12215 Kirkham Road, Suite 100, is leased for 60 months. Mickey Morera and James Duncan of Burnham Real Estate represented the lessee. The lessor represented itself.
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Two lease signings totaling $7.5 million have taken place at Ventana Real, an office development located at the intersection of Salk Avenue and El Camino Real in Carlsbad. Euro RSCG Direct Response LLC signed a seven-year, $5.7 million lease for 28,295 square feet of space on the third floor. Barbecues Galore Inc. will occupy 8,800 square feet of the building for five years. Its lease is valued at $1.8 million. Both companies are leasing from Newport National Corp. Norm Kerlin, Mark Avila and Justin Halennza of Grubb & Ellis|BRE Commercial represented the lessor. Dennis Hearst of Cushman Realty and Matt Belshin of Sentre Properties represented Euro RSCG. Steven Lane of Voit Commercial Brokerage represented Barbecues Galore.
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Gateway SMP LLC has leased 5,450 square feet of office space to Community Research Foundation for $683,904. The property, located at 995 Gateway Center Drive, Suite 300, is leased for five years and is to be used as medical offices. Steve Dok and Robert Zolezzi of Commercial Realty Advisers represented the lessee. The lessor represented itself.
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Office and laboratory space totaling 17,872 square feet has been subleased by Alexion Pharmaceuticals Inc. to PaxVax Inc. for $2.2 million. The property, located at 3985 Sorrento Valley Boulevard in Sorrento Valley, is leased for five years. David Crabb of CB Richard Ellis represented the sublessee. Brian Cooper of Burnham Real Estate represented the sublessor.
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The Environmental Protection Agency has signed a 10-year lease renewal worth $2.25 million from Glenborough Realty LLC for 5,312 square feet of office space. The property is located at 610 W. Ash St., Suites 704, 706 and 905 in downtown San Diego. Ron Miller, Pascal Aubry-Dumand and Lynn LaChapelle represented the lessor. Herb Hafter of Trammell Crow, now a division of CB Richard Ellis, represented the lessee.
, Andrew Schweizer
