SALES
Stoneridge by the Lake Condominiums in La Mesa sold for $6.7 million. The property, located at 5707 Baltimore Drive, currently has 47,705 rentable square feet available, including 42 of the 51 total condominium units in the complex. Diane Miramontes, Darcy Miramontes, Hunter Combs and Kip Malo of Grubb & Ellis represented the undisclosed buyer. The property was sold by a large international bank that was also the original lender on the conversion.
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Enriqueta Mendoza purchased the 16-unit apartment complex at 4095 Highland Ave. in San Diego for $1.36 million. David Andrews of Hendricks & Partners represented the seller, Bay Vista Developments. The buyer’s representation was not disclosed.
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Kris and Dana Iyer purchased 770 square feet of office space at 23276 South Pointe Drive, Suite 108, in Laguna Hills, for $190,000. Larry Essig of Colliers International represented the sellers, Leandro Vique and Lina Levinthal. The buyers’ representation was not disclosed.
LEASES
99 Cents Only Stores subleased 20,100 square feet of retail space at 12369 Poway Road in Poway. The 144-month sublease is valued at $3.5 million. Kevin Cassidy of Epsteen & Associates represented the lessee. Reg Kobzi of CB Richard Ellis represented the sublessor, Rite Aid Corp.
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Systran Software leased 9,860 square feet of office space at Sunroad Corporate Centre, 4445 Eastgate Mall, Suite 310, in Sorrento Valley. The 89-month lease is valued at $2,564,098. Jeff Saywitz of The Saywitz Co. represented the lessee. Eric Vann, Steve Wolf and Brunson Howard of Cushman & Wakefield represented the lessor, Sunroad Enterprises.
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ROHM Semiconductor USA leased 34,090 square feet of warehouse space at Ocean View Hills Corporate Center, 1424 Corporate Center Drive, in Nestor. The five-year lease is valued at $1,381,303. Phil Linton of Grubb & Ellis/BRE Commercial represented the lessee. Richard Kwasny, Shane Harmon and Allen Evans of CB Richard Ellis represented the lessor, PPF Sudberry Ocean View Hills.
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Bernardo Moving leased 14,000 square feet of industrial space at 11035 Technology Place, Suites 200 and 300, in Rancho Bernardo. The space, leased for 51 months at a value of $629,000, will be used for warehousing, distribution and an office. Marko Dragovic and Tim Clepper of Lee & Associates represented the lessee. Jay Alexander of Colliers International represented the lessor, Walton CWCA Rancho Bernardo 79.
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Phase II Products renewed its lease on 22,620 square feet of industrial space at 9485 Customhouse Plaza, Suite C, in Nestor. The space, renewed for 37 months at $366,040, will continue to be used for a window treatment manufacturer. Chris Holder, Ryan Spradling and Joe Smith of Cushman & Wakefield represented both the lessee and the lessor, LIT Industrial Limited Partnership.
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Dealer Business Services leased 2.2 acres at 728 N. Escondido Blvd. in Escondido, from Erier Family Trust. The space, leased for 36 months at $360,000, will be used for an auto dealership. Saeid Baha of Re/max United/Baha Associates represented the lessee. Terry Jackson and Conor Boyle of Cushman & Wakefield represented the lessor.
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HFS North American leased 18,500 square feet of industrial space at 7170 Miramar Road, Suite 700, in Sorrento Valley. The space, leased for 13 months at a value of $204,402, will be used for general office space and storage and warehouse/distribution. Ronald Magnahi of Jones Lang LaSalle represented the lessee. Ryan Grove of Colliers International represented the lessor, Walton CWCA Miramar Distribution 78.
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Spice Wellness Systems of La Costa, dba Spice Wellness Systems, leased 930 square feet of retail space in La Costa Town Center, 7740 N. El Camino Real, Suite B, in Carlsbad. The space, leased for 60 months at $131,130, will be used for a health and wellness center. John Jennings and Kam Walton of Cushman & Wakefield represented the lessor, La Costa Tower. The lessee represented itself.
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Crossfire Marketing Group and Transcendent One leased 2,130 square feet of office space at 2011 Palomar Airport Road, Suite 110, in Carlsbad, from PT Carlsbad Associates. The space, leased for 39 months at $126,547, will be used for a marketing firm. Dan Gaston of Lee & Associates represented the lessee. Tucker Hohenstein of Cushman & Wakefield and Justin Halenza of Grubb & Ellis represented the lessor.
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Trudef Research subleased 2,610 square feet of office space at 9990 Mesa Rim Road, Suite 160, in Sorrento Valley. The space, subleased for 24 months at $105,000, will be used for office and research. Rachel Nelson of CB Richard Ellis represented the sublessee. Christopher P. High and Eric A. Northbrook, SIOR of Cushman & Wakefield represented the sublessor, Shea Homes Limited Partnership.
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Stephen S. Halverson, dba Contours, subleased 6,900 square feet of warehouse space at 1444 Alpine Place, in San Marcos. The space, subleased for 26 months at $97,800, will be used as an office and warehouse. Steve Knight of VRI Group represented the sublessee. Tucker Hohenstein and Conor Boyle of Cushman & Wakefield represented the sublessor, Garda CL West.
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Morning View Associates leased 1,500 square feet of office space at 3375 Copperwood Way, Suite F, in Oceanside. The 36-month lease is valued at $37,464. Josh McFadyen, Jim Spain and Michael Mahoney of Colliers International represented both the lessee and the lessor, Copperwood Partners.
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Goodwill Industries of San Diego County leased 17,710 square feet of retail space at 9575 Mission Gorge Road in Santee, for 10 years. Financial terms were not disclosed. Bryan Cunningham of Cushman & Wakefield represented the lessee. Don Moser of Retail Insite represented the lessors, L.A. Machado and Dorthy M. Machado.
— Molly Pappas
