Retail space is 100 percent leased at the mixed-use Atlas development in Hillcrest.

Retail space is 100 percent leased at the mixed-use Atlas development in Hillcrest.

Contractor Completes Navy’s Child Care Center Expansion

San Diego-based general construction firm T.B. Penick & Sons Inc. announced the completion of a $7 million, 16,791-square-foot design/build expansion to the existing 26,000-square-foot child care facility at Naval Air Station Lemoore. The project, administered by the Naval Facilities Engineering Command Southwest, provides child care services for 88 infants and pre-toddlers of Navy personnel.

Designed by locally based Domusstudio Architecture, the facility’s addition complements the existing center’s contemporary architecture with stucco exterior and metal roof.

The new addition features six infant and four pre-toddler rooms with central reception area, administrative offices, closed-circuit security system and a commercial kitchen in addition to three large play areas with sandboxes, water features and shade canopies.

The project is aiming for the U.S. Green Building Council’s Gold Leadership in Energy and Environmental Design certification. Energy-efficient features include radiant flooring, a photovoltaic energy system and skylights maximizing natural daylight.

Major subcontractors included American Pride General Engineering Inc., All West Concrete, Agate Steel, Midland Sheet Metal, A+P Drywall, Commercial Openings, San Joaquin Glass, Millennium Fire Protection, Alpha Mechanical and Rexmoore Electric.

Industrial Building in El Cajon Sold for $2.4M

An industrial building totaling approximately 26,000 square feet on approximately 2.01 acres located at 430 Raleigh Ave., in El Cajon, has been sold for $2,400,000.

The seller was Raleigh LP and the buyer was John A. Cameron. James Renner and Robbie Cornell of Inland Pacific Commercial Properties represented the buyers and the sellers. The building is fully leased to HDS White Cap Construction Supply. The property was purchased as an investment.

Retail Space Leased At Hillcrest Property

Cassidy Turley BRE Commercial recently announced that D.R. Horton Inc.’s mixed-use Atlas development is 100 percent leased, including approximately $1.64 million in signed leases by Pappalecco, Osteria Origano, Beauty by Dolly and Pure Barre.

Located at 3650 Fifth Ave. in Hillcrest, the project consists of 140 upscale condominium units ranging from one to three bedrooms and 719 to 1,576 square feet. The property also includes ground-floor retail space along Fifth Avenue. All residential condominiums have been sold and all commercial space has been leased.

“Atlas is the latest ground-up, mixed-use retail/residential development built within the busy Hillcrest area and one of the few to be 100 percent leased,” said Chris Rink of Cassidy Turley BRE Commercial, who, along with Randee Stratton of the same company represented the landlord, D.R. Horton, as well as Pappalecco, Osteria Origano and Beauty By Dolly. Pure Barre was represented by Joe Anderson of Cassidy Turley BRE Commercial’s Carlsbad office.

“This series of transactions also demonstrates that Hillcrest remains a demanded retail location during challenging economic times,” Stratton said.

Oceanside Property Sold for $1.67M

Marcus & Millichap Real Estate Investment Services recently announced the sale of a 28,900-square-foot industrial property located in Oceanside, according to Kent R. Williams, managing director/regional manager of the firm’s San Diego office. The asset commanded a sales price of $1,675,000.

The property is located at 2614-2616 Temple Heights Drive. Built in 1988, the property is located on a 1.28-acre lot. The building was sold as an owner/user asset, allowing the purchaser to occupy the space at the time of closing.

David Temko, an investment specialist in Marcus & Millichap’s San Diego office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Tape Maker Buys $1.49M Otay Mesa Warehouse

CB Richard Ellis announced that Bow Tape LLC purchased the 20,165-square-foot warehouse building at 7005 Camino Maquiladora, in San Diego, for $1,490,000.

Allen Evans and Rob Hixson of CB Richard Ellis represented the buyer, Bow Tape LLC. Michael Mossmer of Voit Commercial represented the seller, Ejahjah LLC.

The warehouse building was built in 1986 on a 1-acre lot located immediately south of Brown Field Municipal Airport in Otay Mesa.

Cindy Gomper Graves of the South County Economic Development Council assisted Bow Tape with facilitating the opening of this new location in the City of San Diego. The Otay Mesa facility is the company’s first U.S. factory. Established in South Korea in 1986, Bow Tape manufactures and distributes a variety of adhesive tapes.

Cobra-Puma Golf Updates Its Facilities

Smith Consulting Architects, a San Diego-based multidisciplined design firm, is designing the 56,185-square-foot office, research and development, manufacturing and warehouse facility of Cobra-Puma Golf. The two-story, tilt-up concrete building is located at 1818 Aston Ave. in Carlsbad.

Puma AG purchased Cobra Golf last May, combining the Cobra Golf and Puma Golf brands to create the new company, Cobra-Puma Golf. The deal brought together Puma Golf’s inventive footwear, apparel and accessory designs with Cobra Golf’s advanced equipment, innovation and performance to position Cobra-Puma as a company for golfers of all abilities, attitudes and styles. The two brands will continue to be developed separately, while maximizing resources and collaborating on operations, research, design and marketing.

The tenant improvement and remodeling project will update the existing Cobra Golf facility to accommodate the new company’s operations. Smith Consulting Architects’ work includes design, construction drawings, permit processing, construction administration, and furniture design collaboration.

The design concept for the remodeled space incorporates a sleek, minimalist theme that reflects the company’s progressiveness while providing a neutral background for the vibrant, highly stylized brands to be displayed throughout the facility. White, gray and chrome furnishings will create a modern aesthetic, while Espresso-stained wood accents will add a warm, elegant appeal. Custom lighting and finishes will enhance the overall contemporary look and complement the Cobra-Puma brand.

Tenant improvement construction begins this month, with completion targeted for this August.

Bryan Tremble Sr., director of operations for Cobra-Puma Golf, and Richard Ruzylo, facilities manager, are providing project oversight. Mark Langan, vice president with Smith Consulting Architects, is serving as the project architect, with Erica Roman as interior designer.

San Diego-based MPE Consulting Inc. is the electrical engineer and OfficePlanIt of San Diego is the furniture vendor. San Diego-based Reno Contracting is the general contractor.

Research Institute Renews Its Lease in Torrey Pines

Jones Lang LaSalle brokers Scot Ginsburg and Brian Cooper successfully negotiated a lease renewal on behalf of the J. Craig Venter Institute, a not-for-profit research institute dedicated to genomics research, for approximately 33,000 square feet of space in the Torrey Pines submarket of San Diego.

Through the lease renewal, which affords J. Craig Venter Institute nearly three more years at 10355 Science Center Drive, the institute was able to gain greater flexibility and increase cost-effectiveness for accommodating growth.

The lease renewal value is 12 percent below the previous rate. The property is owned by HCP Inc.

Atlantic Diving Supply Leases Industrial Space

CB Richard Ellis announced that Atlantic Diving Supply leased 24,000 square feet of industrial space at 9220 Activity Road in San Diego’s Miramar submarket. The three-year lease is valued at $550,000.

Bill Dolan of CB Richard Ellis represented the lessor, Sebco Inc. Pat Rohan and James Duncan of Cushman & Wakefield Inc. represented Atlantic Diving Supply.

The lease brings the 69,125-square-foot building to 100 percent occupied.