SALES
Gary Cramer purchased a 240-unit mini-storage complex at 58 and 86 Commerce Drive in Mammoth. The value of the transaction was $1.3 million. Stephen Grossman of the Irvine office of Sperry Van Ness represented both Cramer and the seller, Mammoth Mini Ltd. of Laguna Hills.
LEASES
Pacific Life Insurance leased a building at 26642 Town Center Drive in Town Center Plaza in Mission Viejo. The facility includes 46,498 square feet at 26672 Town Center and 21,367 square feet at 26632 Town Center. The transaction was valued at $25 million. Chris Deason of Voit Commercial represented the insurance company and Don Nourse of CB Richard Ellis represented the landlord, Foothill Ranch Co.
Heartsavers leased 3,221 square feet at 4050 Barranca Parkway in Irvine. The transaction was valued at more than $1 million. Brad Rawlins of Lee & Associates represented Heartsavers and Kaye-T Wing of Lee & Associates represented the landlord, Glenborough Fund V.
NS-Tech Inc. leased 47,659 square feet at 19651 Alter in Lake Forest. The transaction was valued at more than $2 million. John Matus and Christine Bowen of Lee & Associates represented NS-Tech and CB Richard Ellis represented the landlord, 14/6-7 LLC.
Extron entered into a 10-year lease for a 110,898-square-foot corporate headquarters facility at 1001 E. Ball Road in Anaheim. Mike Austin of Sperry Van Ness represented Extron and Rick Warner, Mark Friend and Bob Goodmanson of CB Richard Ellis represented the landlord, CT Realty Advisors.
OTHER
GKK Education signed a letter of agreement with Compton Unified School District to design three new schools, additional classrooms on nine campuses and modernization of 28 existing facilities in the district. The program is valued at $130 million. GKK also completed work on phase one of the Colin L. Powell Academy in Long Beach.
Simac Construction Inc. completed construction on Eastgate Plaza, a 172,587-square-foot retail shopping center at 11885 Valley View Street in Garden Grove. The project was for Bollenbacher & Kelton Inc. and was valued at $1.9 million.
John Chase of FINOVA Realty Capital Inc., an Irvine-based mortgage banker, arranged $24 million in financing for a Rockville, Md., investor to purchase five office buildings, two retail complexes and one industrial building in Washington, D.C., through the National Portfolio Lending Program. In addition, Dan Mercer of Finova arranged $11.3 million in financing for a Portland, Ore., borrower to purchase a 147,000-square-foot office building in Las Vegas, through the National Portfolio Lending Program.
The Foothill Ranch Co. and the Orange County Public Library broke ground on the Foothill Ranch Public Library.
