Palmer Capital Inc is pleased to announce the successful refinancing of Stirling Portfolio. Stirling Capital Investments is a joint venture of Stirling Development and DCT Industrial Trust and engaged Palmer Capital on exclusive basis to source long term fixed rate financing. Stirling Portfolio is a 2,605,331 square foot industrial distribution portfolio located in Victorville, California. The portfolio includes seven buildings situated on 133 acres and is 99.8% leased to nationally and regionally recognized credit tenants.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Transpacific Industrial Park in Fife, Washington. AMB Property Corporation purchased the portfolio from JP Morgan Investment Management. The Transpacific Industrial Park Portfolio consists of 11 buildings totaling 1,505,914 square feet located in the Puget Sound Region. It is adjacent to the Port of Tacoma interchange off the Interstate 5 Freeway and in near proximity of the Seattle-Tacoma International Airport.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Century Business Center located in Hawthorne, California. A joint venture of Zelman Development and Buchanan Street Partners acquired the property from Kearny Real Estate and Morgan Stanley. Century Business Center is a 1.4 million square foot industrial warehouse and manufacturing facility located in Hawthorne, California at the intersection of Interstates 405 and 105.
Located at 1680 Tide Court and 2222 East Beamer Street in Woodland, California. USAA Real Estate Company purchased the industrial buildings from Panattoni Development Company. The Woodland Industrial Portfolio consists of two state of the art, warehouse high cube buildings totaling over 1.2 million square feet located along Interstate 5 in Woodland, California.
Palmer Capital Inc is pleased to announce the successful recapitalization of Buena Park Downtown, a 1.1 million square foot regional mall and power center located in Buena Park, California. Coventry Advisors recapitalized the property with bridge financing from a publicly-traded mortgage REIT, arranged by Palmer Capital. Buena Park Downtown is a 1.1 million square foot regional mall and power center located in Buena Park, California. The financing arranged by Palmer Capital is structured to capitalize future improvements and leasing costs to stabilized the property.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the US Bancorp Tower located at 111 SW 5th Avenue in Portland, Oregon. A partnership of Unico Properties, WAFRA and Chase Capital purchased the building from US Bancorp. The US Bancorp Tower consists of a Class A+ office tower and plaza totaling 1,074,987 square feet.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Inland Center Mall located at 500 Inland Center Drive in San Bernardino, California. A joint venture of Walton Street Capital and Macerich Company purchased the center from La Salle Investment Management. Inland Center Mall is a 1.05 million square foot regional mall.
Palmer Capital Inc is pleased to announce the successful close of the construction financing for Redlands Logistics Center. A large national bank is financing the construction for McShane Development Co. and MetLife. Redlands Logistics Center is a 1M+ square foot industrial project located in Redlands, CA.
Palmer Capital Inc is pleased to announce the successful financing of Stirling Distribution Center 3. Palmer Capital Inc secured both an initial permant loan for the existing building along with a construction loan to accomadate the tenant's future expansion. Stirling Distribution Center 3 consists of an existing 584,000 square foot industrial building and a planned 466,000 square foot industrial building located in Victorville, CA.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Portland Industrial Portfolio. This portfolio consists of two high-cube distribution industrial buildings at 29555 and 29899 SW Boones Ferry Road in Wilsonville, Oregon and four flex/industrial buildings at 10575, 10775, 10795, and 10831 SW Cascade Boulevard. Crow Holdings purchased the properties from AMB Property Corporation. The Portland Industrial Portfolio totals 926,334 square feet and includes Rite Aid, Sprint, XO Communications and the State of Oregon among its tenants.
Palmer Capital Inc. is pleased to announce the successful refinancing of the Legacy Portfolio. Palmer Capital successfully represented Legacy Partners in the refinancing with a privately held bridge lender. The Legacy Portfolio is comprised of five office assets and one industrial asset in select markets in the West with a total of approximately 900,000 square feet.
Palmer Capital Inc is pleased to announce the successful sale transaction of the Salt Lake City Industrial Portfolio to Cobalt Capital Partners, an industrial REIT, from ScanlanKemperBard. This marks the first acquisition for Cobalt Capital Partners in the Salt Lake City market. The Salt Lake City Industrial Portfolio is a 890,452 square foot, institutional quality, multi-tenant Industrial portfolio. The 14 building portfolio was approximately 90% occupied at the time of sale and can accommodate a diverse range of tenant sizes from 1,000 SF to 173,000 SF.
Palmer Capital Inc is pleased to announce the successful recapitalization of Valley Fair Mall. Palmer Capital Inc represented Coventry Advisors and arranged a structured loan with flexibility to fund future advances to complete a complex value-add business plan that entails new construction and the re-tenanting of certain retail space within the mall. Valley Fair Mall is a 850,000 square foot super regional mall and entertainment property located in Salt Lake City, Utah anchored by Costco, JC Penney, and Macy's.
Palmer Capital Inc. is pleased to announce the successful sale of Christown Spectrum. Kimco Realty Corporation purchased the property from Coventry Real Estate. Christown Spectrum is a 848,840 square foot destination retail center located in Phoenix. The property is anchored by Walmart, Costco, and SuperTarget and also features a 14-screen Harkins Theatre.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Kent East Corporate Center Park in Kent, Washington. RREEF purchased the property from New York Life. Kent East Corporate Park consists of eight multi-tenant industrial buildings totaling 772,763 square feet and is located between I-5, Highway 167, the Sea-Tac International Airport, and the Ports of Seattle and Tacoma.
Amir Development purchased the project from Panattoni Development. Hewlett Packard Facility consists of 2 buildings totaling 769,698 square feet. The facility houses the company's Business Critical Computing Server Manufacturing Unit.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of City Square at 3800-4000 North Central Avenue in Phoenix, Arizona. Shidler Group purchased the building from Pacific Realty Advisors and The Praedium Group. City Square is a mixed-use property consisting of three high rise Class A office towers totaling 722,373 square feet, a 34,384 square foot full service health club and a newly-renovated 156-room Hilton Garden Inn.
Palmer Capital Inc is pleased to announce the successful transaction of the Roseville Office Portfolio. Ellis Partners purchased the property from Hines. The Roseville Office Portfolio is a 670,000 square foot office portfolio consisting of four projects all located along Douglas Boulevard. The portfolio was 55% leased at the time of the transaction.
Palmer Capital Inc. is pleased to announce the successful recapitalization of Valley Mall located at 2515 Main Street in Union Gap, Washington. Principal Global Investors purchased an equity position from Oaktree Capital Management. Centercal Properties, the property's owner, operator and developer, retained its interest in partnership with Principal Global. Valley Mall is a 659,447 square foot retail center located in the Yakima/Union Gap trade area. National tenants include Sears, Borders, Old Navy, Ross, Linens N Things, TJ Maxx and Rite Aid.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Home Depot RDC to USAA Real Estate Company. The Home Depot Rapid Deployment Center is a newly-constructed, state-of-the-art distribution center totaling 657,600 square feet and is located in one of the most strategic industrial markets in California.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Mall 205/Plaza 205, located at SE Washington Street and I-205 in Portland, Oregon. Denver-based GDA Real Estate purchased the property from a venture of Oaktree Capital Management and Center Oak Properties. Mall 205/Plaza 205 consists of 656,978 square feet (479,894 square feet included in the sale) in two anchored shopping centers in Portland. The centers were nearly 93% occupied at the time of sale and is anchored by Home Depot, 24-Hour Fitness, Bed Bath and Beyond, Office Max, Dollar Tree and Jo-Ann Fabrics.
Palmer Capital Inc. is pleased to announce the successful negotiation for the sale and acquisition financing of the Prospect Green Portfolio in Rancho Cordova, CA. Divco West Acquisitions, LLC purchased the property from a joint venture of JP Morgan Asset Management and Lowe Enterprises. The Prospect Green Portfolio is positioned in a highly visible location adjacent to Highway 50 and consists of six office buildings. The 642,283 square foot portfolio includes 1-six story office tower and 5-mid rise buildings in an office campus environment.
Palmer Capital Inc is pleased to announce the successful refinance of the Colony-Steelwave Portfolio. A Partnership comprised of Colony Northstar and Steelwave acquired the portfolio in separate transactions betweeen September 2014 and March 2015. The subject loan refinanced the existing loan secured by the Portfolio and provided future loan funding for planned capital improvements and leasing costs. The Colony Steelwave Portfolio is a seven property portfolio located in five markets across three states.
Palmer Capital Inc is pleased to announce the successful sale of Provo Towne Centre. Brixton Capital purchased the property from General Growth Properties. Provo Towne Centre is a 592,316 square foot interior mall located in Provo, Utah. The mall is anchored by Sears, JCPenney, Cinemark, and Dillard's (NAP).
Palmer Capital Inc is pleased to announce the successful transaction of Blue Oaks Town Center. Merlone Geier Partners purchased the property from Rocklin Retail LLC. Blue Oaks Town Center is a ±575,000 square foot regional destination center located in Rocklin, California just 25 mile NE of Sacramento. Anchored by the only movie theatre west of I-80, significantly expanding the center's trade area. Anchors featured RC Willey, Sportsman's Warehouse, Crunch Fitness, and Blue Oaks Cinema 16.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Port Sacramento Industrial Portfolio located at Enterprise Boulevard and Industrial Boulevard in West Sacramento, California. Spieker Properties purchased the portfolio from RREEF. Port Sacramento Industrial Portfolio consists of eight distribution buildings totaling 575,000 square feet.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Reckitt Benckiser facility in Tooele, Utah. American Capital Realty purchased the property from USAA Real Estate Company. The Reckitt Benckiser Facility is a 574,000 square foot, Class "A" industrial distribution building constructed in 2009 and fully leased to Reckitt Benckiser, a global consumer goods company, making and marketing home, health and personal care products.
Palmer Capital Inc is pleased to announce the successful recapitalization of Almeda Mall. A Bridge Fund refinanced the property for WCF Development and Pacific Coast Capital Partners.Almeda Mall is a 571,158 square foot regional mall located in Houston, Texas. The high-leverage whole loan consists of future funded commitments for planned capital improvements and leasing costs to reposition and stabilize the asset.
Palmer Capital Inc is pleased to announce the successful negotiation/sale and financing of 1933 Davis Street. WHI Capital Partners purchased the property from ScanlanKemperBard and engaged Palmer Capital to finance the Property. Westgate Center is a 564,657 square foot mixed use project located in San Leandro CA. The property is prominently located adjacent to Interstate 880 and is one of the most visited destinations in San Leandro.
Palmer Capital Inc is pleased to announce the successful refinance of Cypress Distribution Center. Cypress is a Class A industrial campus consisting of two buildings, containing a net rentable area of 543,431 square feet. Palmer Capital Inc. represented Colony Realty Partners in the transaction with a regional Bank. Cypress Distribution Center is located in Cypress, CA.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Nike Distribution Center in Wilsonville, Oregon. CB Richard Ellis Investors purchased the property from Nike Incorporated. Nike Distribution Center is a 508,276 square foot institutional grade distribution facility leased to Nike and located in one of the most strategic distribution locations in the West.
Palmer Capital Inc is pleased to announce the successful sale of Country Club Centre. Tourmaline Capital purchased the property from Buzz Oates Group of Companies. Country Club Centre is a 496,097 square foot retail center located in Sacramento, CA. It is anchored by a Wal-Mart Supercenter and Sam's Club.
Palmer Capital Inc is pleased to announce the successful recapitalization of Citadel Crossing Shopping Center. A publicly-traded mortgage REIT financed the property for Windsor Capital. Citadel Crossing is a 488,466 square foot retail power center located in Colorado Springs, CO. The property was 66% leased at close. The new bridge loan provides the necessary capital to refinance the existing debt and fully fund future leasing costs to stabilize the property.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Cottonwood Corporate Center. National Office Partners, a partnership of Hines and CalPERS, purchased the property from Cottonwood Partners. The Cottonwood Corporate Center Portfolio totals 471,348 square feet and is a premier Class A office park in Salt Lake City.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Eastridge Business Park in Vancouver, Washington. ScanlanKemperBard Companies LLC purchased the property from Eastridge Business Park LLC. Eastridge Business Park is a 28-building mixed-use business park located approximately 20 minutes north of Portland. The multi-tenant project totals 466,634 square feet and is home to more than 100 businesses.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Cerritos Towne Center in Cerritos, CA. Principal Global Investors purchased the property from Equity Office Properties. Cerritos Towne Center is a master-planned institutional grade, Class "A" office project consisting of five buildings totaling approximately 459,242 square feet located in one of the best performing submarkets in Southern California.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Phoenix Corporate Center in Phoenix, Arizona. Bay Pacific purchased the property from a joint venture of ScanlanKemperBard Companies and The Praedium Group. Phoenix Corporate Center is comprised of eight Class "A" office buildings totaling 440,859 square feet in a campus setting and encompasses over 30 acres. The project is in close proximity to Interstate 17 (Black Canyon Freeway), providing immediate access to downtown Phoenix and Sky Harbor International Airport.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of CenterPoint in Kent, WA. Archon Group purchased the property from Triple Net Properties. Strategically located south of Seattle, CenterPoint includes four institutional-quality office buildings totaling 435,586 square feet. The four buildings are part of CenterPoint Corporate Park, an eight building, Class "A" corporate campus.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of the California Industrial Portfolio. A core fund operated by Stockbridge purchased the property from Principal / CalSTRS. The California Industrial Portfolio consists of three assets totaling 435,476 square feet and located in the dynamic, high barrier markets of Silicon Valley and San Diego.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Cedar Court located at 14860 NE 31st Way in Redmond, Washington. Hines sold the buildings to an undisclosed buyer. Cedar Court is a Class A+ office campus which consists of four buildings ranging from three to four stories and totaling 428,400 square feet. Microsoft occupies the entire campus.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Columbia River Industrial Center.STAG Industrial purchased the property from NBS Real Estate Capital. Columbia River Industrial Center is a 420,690 square foot industrial complex located in the Airport corridor along Interstate-84.
Palmer Capital Inc is pleased to announce the successful re-financing of Country Club Plaza. Country Club Plaza is a 410,000 square foot entertainment themed retail project located in Sacramento’s Watt Avenue/Arden Arcade submarket. The property is currently 40% leased and has pending leases to increase occupancy to 70%.
Palmer Capital Inc is pleased to announce the successful financing of Kettering Park. Kettering Park is a 405,000 square foot office building located in Kettering, Ohio. The property is 100% leased to General Electric Capital Corporation.
Palmer Capital Inc. is pleased to announce the successful refinancing of Montgomery Plaza.Palmer Capital represented Goodman Realty Group in the transaction with a conduit loan originator.Montgomery Plaza is a 92% occupied, 390,000 square foot community shopping center anchored by Burlington Coat Factory, Ross, and Walgreens, and located in the I-25 retail submarket boasting a low single-digit vacancy.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Broadway 655 (Advanced Equities Tower) in San Diego, California. Wereldhave USA purchased the property from a joint venture of Britannia Pacific Properties, NEBF, and Lankford & Associates. Broadway 655 is a "Class A Plus", 23-floor office tower located in downtown San Diego. The trophy asset totals 377,088 square feet, with 12 additional new apartment units.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Emerald Tower located at 300 Capitol Mall in Sacramento, California. Lend Lease Real Estate purchased the building from Heitman Real Estate. Emerald Tower is a 376,484 square foot Class A office building. Tenants include the State of California.
Palmer Capital Inc is pleased to announce the successful close of financing for Stirling DC-18. Stirling DC-18 is a newly constructed 370,023 square foot two-tenant industrial distribution building located in Victorville, California. Palmer Capital arranged non-recourse permamnt take-out financing.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Enterprise Technology Center, located at 100 Enterprise Way in Scotts Valley, California. Grubb & Ellis Realty Investors (Triple Net Properties) purchased the property from a partnership of New York-based Praedium Funds and Portland-based ScanlanKemperBard Companies. Enterprise Technology Center is a 368,518 square foot office campus located along Highway 17 between the Silicon Valley and Santa Cruz.
Palmer Capital Inc is pleased to announce the successful recapitalization of Diablo Technology Center for the owner of the Property, The Muller Company, with Harbert Management. Diablo Technology Center is a 365,000 square foot office property located in Tempe, Arizona.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Creekside Town Center in Roseville, California. AEW Capital Management purchased the property from a joint venture of Donahue Schriber, Britannia Pacific Properties, and The Evergreen Company. Creekside Town Center is a 360,942 square foot destination retail property that is considered among the most successful retail centers of its kind in Northern California. The center features approximately 95% of its square footage leased to credit or nationally recognized tenants.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Riverside Centre located at 820-860 Stillwater Road in West Sacramento, California. Harsch Investments purchased the property from TA Associates Realty. Riverside Centre consists of five Class A office buildings totaling 359,919 square feet located in the Highway 50 Corridor.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the General Dynamics campus located at 2305 Mission College Boulevard in Santa Clara, California. Invesco Realty Advisors purchased the property from a joint venture of Pacific Coast Capital Partners and South Bay Construction & Development. The General Dynamics campus consists of 358,503 square feet of office and R&D space and features a long-term lease to one of the largest defense contractors in the nation.
Palmer Capital Inc is pleased to announce the successful close of financing for Aurora Corporate Plaza and Corporate Center 25. True North Management engaged Palmer Capital on an exclusive basis to arrange structured bridge loan with future advances for capital improvements and leasing costs to complete to business plan to stabilize portfolio occupancy. The portfolio consist of two institutional-quality Class B office buildings with occupancy of 73.5% and totaling 353,866 square feet.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Southgate Plaza in Sacramento, California. Hill Companies purchased the property from Westwood Financial. Southgate Plaza is a 350,103 square foot regional shopping center.
Palmer Capital Inc is pleased to announce the successful Financing of Freedom Nelson, a 349,000 square foot, two building industrial portfolio located in the City of Industry and Orange, CA. Colony Realty refinanced the properties with a mid term fixed rate loan issued by a life insurance company and arranged by Palmer Capital.
Palmer Capital Inc. is pleased to announce the sale of Firecreek Crossing, located at Kietzke Lane and South Virginia Street in Reno, Nevada. American Assets of San Diego purchased the property from Wattson Brevast. Firecreek Crossing is a 347,651 square foot power retail center situated near Reno's dominant regional mall and in close proximity to Downtown Reno. The center was 99% occupied at the time of sale.
Palmer Capital Inc is pleased to announce the successful refinancing of the Point West Office Portfolio. Hines engaged Palmer Capital on exclusive basis to source short term floating rate financing. Point West Portfolio is a 345,081 square foot office portfolio located in Sacramento, California. The three building Class A portfolio is 73.2% leased with no tenant occupying over 8% of square footage.
Palmer Capital Inc is pleased to announce the successful refinancing of Torrance Executive PlazaEast & West. Palmer Capital represented the Muller Company in the transaction with a conduit loan originator. Torrance Executive Plaza East & West is a 343,468 square foot institutional-quality portfolio of office properties located in Torrance, CA.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Warner Center Office Complex located at 20955 Warner Center Lane in Woodland Hills, California. CarrAmerica purchased the complex from Voit Development. Warner Center Office Complex is a Class A office park totaling 343,458 square feet in 12 buildings.
Palmer Capital Inc is pleased to announce the successful disposition of Renaissance Tower. GOV REIT purchased the property from USAA and Ivanhoe Cambridge. Renaissance Tower is a 338,796 square foot Class A office high-rise building located in downtown Sacramento. The building is a block away from the new Sacramento Kings arena (Golden 1 Center).
Palmer Capital Inc is pleased to announce the successful sale of Trex Fernley. Cole Corporate Income Trust purchased the property from PanCal, a joint venture of Panattoni Development and CalSTRS. Trex Fernley is a 337,500 square foot industrial/distribution building. Trex recently extended its lease to provide a 12-year term.
Barclay's Realty of Beverly Hills, California, and its affiliates purchased the property from SES properties. 15-201 North Nellis Boulevard in Las Vegas, Nevada is a 337,489 square foot power center with convenient access to Interstate 515 and downtown Las Vegas. The center is anchored by Wal-Mart, PetSmart and Ross.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of the Santa Rosa S&W Office Portfolio. Basin Street Properties purchased the property from Simons & Woodard. Santa Rosa S&W Office Portfolio is a 337,344 square foot multi-property office portfolio located in Santa Rosa. The seven building institutional quality portfolio was leased to a number of well-known professional service providers, including: Bank of America, US Bank, Kaiser, and Sutter.
Palmer Capital Inc is pleased to announce the successful sale of Harbour Pointe Technology Center. MRM Capital purchased the property from a partner comprised of Prescott Realty Group and PIMCO. Harbour Pointe Technology Center is a 335,000 square foot mix of office, industrial and flex build out. The project is 100% leased to Boeing with a short term remaing lease.
Desert Palms is pleased to announce the successful negotiation and sale of Desert Palms located at 3721-3923 East Thomas Road in Phoenix, Arizona. American Assets purchased the center from the Cole Companies. Desert Palms is a 330,976 square foot power center located at the corner of East Thomas Road and 40th Street in Phoenix, Arizona. The center is anchored by WalMart, Staples and PetSmart.
Palmer Capital Inc is pleased to announce the successful closing of the construction financing for the Jordan Valley Apartment Community. The construction loan financed the development of the first phase of the project, which is composed of two buildings encompassing over 330,000 square feet, comprising 267 multi-family units and 2,500 square feet of retail located in the West Jordan suburb of Salt Lake City.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of East Thunderbird Square & East Thunderbird North located at 13802-14418 North Scottsdale Road, Phoenix, Arizona. ACF Property Management and GDA Real Estate Services purchased the center from East Thunderbird Square, LLC, East Thunderbird Square North, LLC, and East Thunderbird Square North Pads, LLC. Both centers totaled 327,493 square feet and tenants include Ashley Furniture and Smart and Final.
Palmer Capital Inc is pleased to announce the successful negotiation for the sale of 1000 Vaughn. Libitzky Holdings purchased the property from Mililani Group. 1000 Vaughn is a 325,500 square foot industrial building located in Dixon, California. The property had a single tenant that occupied the majority of the building but had planned to vacate within the first 3 months of new ownership.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Chino Hills Marketplace located at 4200 Chino Hills Parkway in Chino Hills, California. Parton and Edwards purchased the center from KBS Realty Advisors. Chino Hills Marketplace is a 323,803 square foot, community retail center. Anchors include Kmart, Albertson's and Rite Aid.
Palmer Capital Inc is pleased to announce the successful sale of the Nut Tree. Dunhill Partners purchased the property from Westrust. Nut Tree is a 323,404 square foot community/power retail center located in a primary trade area in Northern California along Interstate 80. The Property has been recognized as "California's Legendary Road Stop" since 1921.
Palmer Capital Inc is pleased to announce the successful sale transaction of Westland Town Center. RCG Ventures purchased the property from LNR Partners LLC. Westland Town Center is a 320,000 square foot destination retail center located in Lakewood, Colorado.
8371 Rovana Circle
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Dexter Horton Building in Seattle, Washington. La Salle Investment Management purchased the building from The Carlyle Group. The Dexter Horton Building is a recently renovated 319,015 square foot landmark office with historical designation and Class A finishes, located in the heart of Seattle's Central Business District.
Palmer Capital Inc. is pleased to announce the successful sale of Palm Springs Mall to YTC Investments from Capmark. Palm Springs Mall is a 315,119 square foot REO retail center.
Palmer Capital Inc is pleased to announce the successful sale of Golden State Industrial Park. Industrial Realty Groups purchased the property from Magellan Properties. Golden State Industrial Park is a 315,000 square foot industrial park located in Selma, CA. The 30 acre site is one of the area's largest industrial parks, primarily utilized for manufacturing purposes.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of College Business Park in Upland, California. Koll Company purchased the property from Wohl Investment Company. College Business Park is an institutional-quality, master-planned corporate campus comprised of 17 multi-tenant buildings totaling approximately 313,367 square feet of industrial and office space.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Madrone Business Park located in the Silicon Valley. HRPT Properties Trust purchased the property from a joint venture between Toeniskoetter & Breeding and Missouri West, LLC. Madrone Business Park is a 311,242 square foot business park comprised of three buildings that are fully leased to two high quality tenants.
Palmer Capital Inc is pleased to announce the successful sale of Mesa Financial Plaza. Barker Pacific purchased the property from Wilson Property Services. Mesa Financial Plaza is a 311,132 square foot, 16-story, Class "A", iconic office building located in Mesa, AZ. Developed in 1986, the institutional-quality office building was less than 60% leased and traded significantly below the estimated replacement cost.
Palmer Capital Inc is pleased to announce the successful recapitalization of Marriott Walnut Creek for the owners, Windsor Capital Group. Marriott Walnut Creek is a 338-guestroom full-service Marriott hotel located in Walnut Creek, CA.
Palmer Capital Inc is pleased to announce the successful recapitalization of 24th at Camelback II. Principal Real Estate Investors recapitalized the property for Hines/Invesco. 24th at Camelback II is a 306,877 square foot Class A office project located in Phoenix, AZ.
Palmer Capital Inc is pleased to announce the successful recapitalization of Legacy Plaza San Ramon. Palmer Capital represented Legacy Partners financing the discounted payoff of the borrower's prior mortgage. Legacy Plaza San Ramon is a 306,638 square foot two-building office property located in East Bay city of San Ramon.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Towne Center at Brookhill at 7025 West 88th Avenue in Westminster, Colorado. GDA Real Estate purchased the center from ScanlanKemperBard. Towne Center at Brookhill is a 305,633 square foot retail center anchored by Home Depot, Ross, Bed Bath & Beyond and Burlington Coat Factory.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of 3689 Industrial Boulevard. The Bendetti Company purchased the property from Wang Brothers Investments. 3689 Industrial Boulevard is a 302,400 square foot industrial building located in the Sacramento MSA. The building was sold fully vacant and will be respositioned by the Bendetti Company.
Palmer Capital Inc is pleased to announce the successful recapitalization of 24th at Camelback I. 24th at Camelback I is a 302,209 square foot Class A LEED-Certified office project located within the prestigious Camelback Corridor in Phoenix, AZ.
Palmer Capital Inc is pleased to announce the successful recapitalization of Riverpark Tower I, a 300,000 square foot, Class A office building located in the heart of downtown San Jose. Legacy Partners Commercial, Inc. refinanced the property with a short term floating rate loan issued by a life insurance company and arranged by Palmer Capital.
Palmer Capital Inc. is pleased to announce the successful financing for the acquisition of 4343 East Fremont.Palmer Capital represented DR Stephens in the transaction with a national bank. 4343 East Fremont is a 300,000 square foot Class B industrial building located in the Central Valley and leased on a long-term basis to a single tenant that provides environmentally friendly printing services to large corporate clients.
Palmer Capital Inc is pleased to announce the successful sale of Central Valley Industrial Center. Cranbrook Group purchased the property from Black Creek Group. Central Valley Industrial Center is a ±295,000 square foot logistics center located in a "last-mile" location in the Bakersfield MSA. The Property was 93% leased to four tenants.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Natomas Corporate Center. The Evergreen Company purchased the property from AEW Capital Management. Natomas Corporate Center is 291,634 square feet and comprises two Class A multi-tenant office buildings located in Sacramento. The institutional quality office buildings are the local headquarters for River City Bank and State Street Bank and both buildings are prominently visible from Interstate-5.
Palmer Capital Inc is pleased to announce the successful refinance of Totem Lake Malls. A mortgage fund refinanced the existing mortgage secured by the Property for the owner, Coventry Advisors. Totem Lake Malls is a 291,000 square foot regional mall located in Kirkland, Washington. A mortgage fund loan provided interim, bridge financing to the ultimate redevelopment of the Property.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Time Square Office Park. Woodbury Strategic Partners purchased the property from ScanlanKemperBard Companies. Time Square Office Park is a 288,923 square foot office park located south of Downtown at the junction of Interstate-80 and Interstate-15.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Foothill Marketplace, located at 12879 Foothill Boulevard in Rancho Cucamonga, California. Pan Pacific Retail Properties of San Diego purchased the property from Wattson Breevast Companies. Foothill Marketplace is a 535,365 square foot (288,392 square feet included in sale) grocery-anchored regional power center located alongside Interstate 15 at Foothill Boulevard in Rancho Cucamonga. The center was nearly 97% occupied at the time of sale and is anchored by Wal-Mart (NAP), Food 4 Less, Sports Chalet, PetSmart, Office Depot and Living Spaces (NAP).
Palmer Capital Inc. is pleased to announce the sale of Parkway Corporate Plaza, located at 1620-1680 East Roseville Parkway in Roseville, California. Grubb & Ellis Realty Investors (Triple Net Properties) purchased the property from Phoenix-based Urban Realty Partners. Parkway Corporate Plaza is a 286,780 square foot office park located within close proximity to Interstate 80, which provides immediate access to the entire Sacramento area.
Palmer Capital Inc is pleased to announce the successful sale of Somersville Towne Center. Time Equities purchased the property from Macerich. Somersville Towne Center is a ±285,000 square foot mall located in the San Francisco Bay Area (City of Antioch, Contra Costa County). The Property is anchored by Macy's, 24 Hour Fitness and shadow anchored by Sears and Fallas Paredes. Other national retailers include Starbucks, Forever 21, Victoria's Secret, Zumiez, Claire's, Champs Sports, Journeys, Hot Topic, Zales Jewelers, Bath & Body Works, GNC, Foot Locker and Vans.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Portland Office Portfolio in Portland, Oregon. LaeRoc Partners purchased the property from ScanlanKemperBard Companies LLC. The Portland Office Portfolio consists of three landmark office buildings totaling 284,594 square feet located in the core of Portland's economic center on Pioneer Square.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Lincoln Center in Denver, Colorado. ScanlanKemperBard Companies LLC purchased the property from DivcoWest Real Estate Services, LLC and Page Mill Properties, LLC. Lincoln Center is a recently renovated 283,553 square foot landmark office building located in Denver's Central Business District (CBD).
Palmer Capital Inc is pleased to announce the successful sale of Mountaingate Plaza in Simi Valley, CA.Investcorp purchased the 281,330 SF grocery anchored center from Praediun Group.
Palmer Capital Inc. is pleased to announce the successful transaction of MidState 99. Westcore Properties succeeded in the off market acquisition from The Allen Group. MidState 99 is a two-building, 280,366 square foot, institutional quality, industrial project. The property was approximately 18% occupied at the time of sale.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Bayside Technology Park. Chelsea Village Associates purchased the property from TMG/JER/Farallon. Bayside Technology Park is comprised of five high-end R&D buildings totaling 278,535 square feet and located in Fremont, California.
Palmer Capital Inc is pleased to announce the successful sale of 1672 Army Court in Stockton, California. Army Court is a 277,500 square foot multi-tenant industrial distribution building that was 100% leased at the time of sale.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of San Leandro Business Park in San Leandro, California. LBA Realty purchased the property from JP Morgan. San Leandro Business Park is a 276,000 industrial complex located within Northern California's inner East Bay which is in close proximity to the Port of Oakland and Oakland International Airport. The property is strategically located adjacent to the San Leandro BART Station in the City's Redevelopment Area. The property has the ability to accommodate a diverse range of tenant sizes and build out requirements.
Palmer Capital Inc is pleased to announce the successful sale of Ridge @ Creekside. DDR purchased the property from a joint venture of The Evergreen Company and Britannia Pacific. Ridge @ Creekside is a 275,846 square foot Destination/Power retail center located in Roseville, CA. The center is located directly adjacent to the region's "Fortress" mall, Galleria at Roseville, and is anchored by Bed Bath & Beyond, Macy's Home Furniture, Buy Buy Baby, REI, and Cost Plus World Market.
Palmer Capital Inc is pleased to announce the successful sale and financing of The Landmark. Redwood Real Estate purchased the property from BlackRock Realty. The Landmark is a 273,903 square foot office asset located in Renton, Washington. The 2-building property was 100% leased at closing. However, the FAA (±30% of the project) is anticipated to vacate in 2017.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Hohokam Towers located at 4605-4635 East Elwood Street, Phoenix, Arizona. The Muller Company purchased the property from RREEF. Hohokam Towers consists of three Class A office buildings totaling 272,728 square feet located along Interstate 10 and is 100% leased to the Apollo Group and Matson Navigation.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Tide Court Building B in Woodland, California. Tower Investments LLC purchased the property from Panattoni Development Company. Tide Court Building B is a 263,328 square foot industrial building.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of California Logistics Centre located in Tracy, California. Lowenberg Corporation purchased the property from Panattoni Development. California Logistics Centre is a 262,400 square foot, Class "A" warehouse and distribution center constructed in 2005 by Panattoni Development, one of the premier industrial developers.
Palmer Capital Inc is pleased to announce the successful disposition of the Fernley Distribution Building. Jones Development Company purchased the property from Libitzky Properties. The Fernley Distribution Building is a 256,000 square foot warehouse distribution facility located in Fernley, NV. The building was occupied by a restaurant supply chain with the lease expiring in November 2021.
Palmer Capital Inc is pleased to announce the successful sale of Madison Marketplace. Newmark Merrill Companies purchased the property from TA Realty. Madison Marketplace is a ±255,000 square foot shopping center anchored by Raley's, TJ Maxx, Petco, and Dollar Tree. The Property is located in Fair Oaks, California, a premier submarket within the Sacramento MSA. The Center featured one of the strongest Raley's stores in the chain.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Pacific Park Plaza in Honolulu, Hawaii. ScanlanKemperBard Companies LLC purchased the property from Transpacific Development Company. Pacific Park Plaza is a two-building Class "A" office property located at the gateway from Downtown to the Kapiolani Corridor in Honolulu. The property includes a 214,465 square foot fifteen-story multi-tenant office tower, a 40,174 square foot two-story single tenant building, and a five-story, 557 stall parking structure.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Bank of America Plaza located at 50 West Liberty in Downtown Reno. Basin Street Properties purchased the building from Wattson Breevast LLC. The Bank of America Plaza is a two-building Class A office property totaling 254,370 square feet located in the heart of the Reno Central Business District.
Palmer Capital Inc is pleased to announce the successful sale of the Spice Islands I & III buildings. Libitzky Real Estate purchased the property from Northestern Mutual. Spice Islands I & III two mutli-tenant industrial buildings in Sparks (Reno), Nevada totaling 254,100 square feet. The buiIdings were 100% occupied at the time of sale.
Palmer Capital Inc is pleased to announce the successful financing of Pacific Plaza. CalSTRS originally acquired the Property in 2002 and engaged Palmer Capital to place a floating rate loan secured by the Property to close in the 4th quarter of 2014. Pacific Plaza is a 253,177 square foot Class A Office building located in Walnut Creek, California. Palmer Capital successfully placed a loan at a competitive rate that met all of CalSTRS financing guidelines.
Palmer Capital Inc is pleased to announce the successful recapitalization of Park West. Palmer Capital represented CIRE Equity. Park West is a 251,470 square foot experiential and destination retail center located adjacent to the Loop 101 freeway in Peroria, AZ.
Palmer Capital Inc is pleased to announce the successful sale of Summit Heights Gateway. CIRE Equity purchased the property from USAA. Summit Heights Gateway is a 250,059 square foot retail center located in the Inland Empire. The center is anchored by ALDI, Kohl's, Marshalls, PetSmart and included all the pads.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the United Stationers Building, located at 7021 Roseville Road in Sacramento, California. Gallagher Properties purchased the property from Panattoni Development. United Stationers Building is a 250,000 square foot state of the art distribution building in a strategic location along Interstate 80.
Palmer Capital Inc is pleased to announce the successful financing of South Towne Corporate Center. A large regional bank financed the acquisition of the property for Hines. South Towne Corporate Center is a 248,352 square foot Class A office property located in Sandy, UT.
Palmer Capital Inc is pleased to announce the successful sale of Village Square. A private investor purchased the property from DRA Advisors. Village Square is a 245,265 square foot retail center located in Las Vegas. Village Square is an open air retail, dining, theater, and professional office complex anchored by an 18-screen Regal Cinema.
Palmer Capital Inc is pleased to announce the successful sale of Prospectors Plaza. A partnership of Gryphon Real Estate Capital and Rich Development purchased the property from Weingarten Realty Investors. Prospectors Plaza is a ±244,000 square foot community shopping center anchored by SaveMart, Ross, and CVS. The buyers plan to complete a significant repositioning and redevelopment of the Property.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of California Plaza located at 2180 Harvard Street in Sacramento, California and Prospect Business Park located at 10961-10971 Sun Center Drive in Rancho Cordova, California. TA Associates Realty purchased the property from Teachers Insurance and Annuity. California Plaza is a 151,982 square foot class A office building located in one of Sacramento's best performing office submarkets. Prospect Business Park is a 90,000 square foot, two-building garden style office complex which is fully leased to the State of California's Franchise Tax Board.
Palmer Capital Inc is pleased to announce the successful refinancing of Sand Creek Crossing. A conduit lender provided a 75% LTV fixed-rate loan with ten-year term. Sand Creek Crossing is a 240,000 square foot power center with a grocery anchor.
Palmer Capital Inc is pleased to announce the successful refinancing of the Park at Woodinville. The Park At Woodinville is a 239,265 square foot, five property, industrial park located in Woodinville, Washington. Palmer Capital Inc. represented Colony Realty Partners in the transaction with a regional bank. The park was 100% leased at close.
Palmer Capital Inc is pleased to announce the successful refinance of the Milliken Business Center & Brea Canyon Business Park. Colony Realty Partners refinanced the property with a regional bank. The Milliken Business Center & Brea Canyon Business Park is a 237,510 square feet Industrial/Warehouse portfolio located in Southern California.
Palmer Capital Inc is pleased to announce the successful recapitalization of the Lakes Waterfall Portfolio. The Lakes Waterfall Portfolio comprises both the Lakes Portfolio, a five building office complex and Waterfall Towers, a three building complex. Basin Street's proceed expectations were exceeded on this non-recourse, low rate loan.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Rainier Industrial Park, located at 13605 52nd Street East in Seattle. La Salle Advisors purchased the property from Panattoni Development Rainier Industrial Park is a 234,750 square foot warehouse/distribution building situated at the south end of the prestigious Kent Valley industrial market.
Palmer Capital Inc is pleased to announce the successful sale of Lake Arrowhead Village. US Realty Partners purchased the property from Pacific Capital. Lake Arrowhead Village is a 233,532 square foot Stater Bros/CVS anchored center located in Lake Arrowhead Village, in the San Bernardino mountains of Southern California. The closing required a CMBS loan assumption.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Town & Country Village located in Sacramento, California. Donahue Schriber Realty Group purchased the property from Grubb & Ellis Realty Investors (Triple Net Properties). Town & Country Village is a 232,907 square foot grocery and drug anchored neighborhood center located at the intersection of Marconi Avenue and Fulton Avenue in Sacramento. The center was 92% occupied at the time of sale and is anchored by Albertson's, Trader Joes and William Glen.
Palmer Capital Inc is pleased to announce the successful sale of Blackhawk Plaza. Continuum Analytics purchased the property from CenterCal Properties. Blackhawk Plaza is a 231,285 square foot upscale grocery anchor and mixed-use, experiential and destination community center located in the affluent community of Danville, CA. The property was 81% leased and anchored by Draeger's Market, Century Theaters, and Crunch Fitness.
Palmer Capital Inc. is pleased to announce the successful negotiation for the sale of Foundry Square IV in Downtown San Francisco. Heitman purchased the property from Cottonwood Partners on behalf of its client Utah State Retirement System. The fully leased investment is centered in the most dynamic office leasing market in the Western United States. Heitman will be able to benefit from the new Transbay Terminal, which is known as the "Grand Central Station of the West."
Palmer Capital Inc. is pleased to announce the successful refinancing of the Abbott Labs Facility. Palmer Capital successfully represented Eaton Vance in negotiations with a large bank primarily based on the East Coast. The Abbott Labs Facility is 219,000 square foot Class A R&D facility in Santa Clara, CA.
Palmer Capital Inc. is pleased to announce the successful refinancing of Fountain Valley Town Center located in Fountain Valley, California. Palmer Capital Inc. represented the property owner, Bridgecreek Development, in sourcing the loan. Fountain Valley Town Center is a 218,520 square foot Class-A retail property anchored by Albertsons supermarket and located in the Fountain Valley submarket of Orange County, one of the West Coast's prominent retail markets.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of 400 R Street, located in Sacramento's CBD. CalPERS purchased the building from Transpacific Development. 400 R Street Building is a 215,000 square foot, Class A office building and 100% leased to the State of California, Department of Consumer Affairs.
Palmer Capital Inc is pleased to announce the successful refinance of Alondra Corporate Center. Alondra Corporate Center is a 214,462 square foot industrial property located in Cerritos, California. The new loan is secured by the leasehold interest in the Property.
Palmer Capital Inc is pleased to announce the successful financing of Main Street Town Center. Palmer Capital represented Rockwood Capital and The Muller Company in negotiations with the CMBS Lender. Main Street Town Center is a 214,000 square foot Class A office property situated in a highly visible location in Santa Ana, CA near the intersection of I-5 and the Garden Grove Parkway.
Palmer Capital Inc is pleased to announce the successful sale transaction of Douglas Corporate Center. Barker Pacific purchased the property from LNR Partners LLC. Douglas Corporate Center is a 213,982 square foot office project located in Roseville, CA.
Palmer Capital Inc is pleased to announce the successful refinance of Mercado Santa Clara. Palmer Capital arranged a floating-rate loan with a large national bank for the owner, Andy Lakha. Mercado Santa Clara is a 213,029 square foot grocery anchored retail center located in Santa Clara, California. The Property is owned ground leasehold.
Palmer Capital Inc is pleased to announce the successful sale of North Pointe Business Centre. Chavez Management Group purchased the property from PS Business Parks. North Pointe Business Centre is a 213,000 square foot multi-tenant office park located in Sacramento, California. The project was 74% leased at the time of sale.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Amberglen Portfolio in Hillsboro, Oregon. La Salle Investment Management purchased the portfolio from Principal Global Investors. The Amberglen Portfolio consists of 210,626 square feet of office space in 4 single-story buildings leased to Intel and McAfee and is located within the master-planned Amberglen Business Park, Oregon's premier business park.
Palmer Capital Inc is pleased to announce the successful successful negotiation and sale of the Bakersfield (Shafter) FedEx Ground Facility. Gardenswartz Realty purchased the property from nationwide developer Scannell Properties. The FedEx Ground Facility is a 210,000 square foot industrial facility located in Bakersfield (Shafter), California. The Facility is a state-of-the-art, regional distribution facility that serves as the central facility serving FedEx Ground's Kern County distribution area. The facility was developed as a build-to-suit to accommodate FedEx's rapid growth in the area.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Mountain Towers located at 4100 East Mississippi Boulevard in Denver, Colorado. Invesco Realty Advisors purchased the building from Spieker Properties. Mountain Towers is a 209,096 square foot, 19-story Class A office tower located near the district of Cherry Creek North and The Cherry Creek Regional Mall.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Meridian Village Shopping Center in Bellingham, Washington. Bromont Development of Phoenix purchased the property from a partnership of Prudential Realty, Coventry Real Estate and Developers Diversified Realty. The Palmer Team represented both the buyer and the seller in this transaction. Meridian Village Shopping Center is a 208,422 square foot power retail center located 90 miles north of Seattle. The center is nearly 97% occupied and includes Home Depot and Rite Aid.
Palmer Capital Inc is pleased to announce the successful off-market negotiation and sale of Pacific Corporate Center. Mohr Capital purchased the property from a joint venture between Vertical Ventures and Alex Brown Realty. Pacific Corporate Center is a 207,806 square foot Office/Industrial property located in the East Bay Area city of Livermore. The property is 100% leased to three tenants. Approximately 80% of the property is leased to FormFactor and serves as the company's world headquarters location.
Palmer Capital Inc is pleased to announce the successful recapitalization of Hookston Square. Capital Source provided a loan secured by the previously unencumbered property for the owner, True North Management. True North Management had acquired the property from Starwood Capital in an all cash acquisition during the prior year. Hookston Square is a 207,555 square foot, value-add office complex composed of two 3-story buildings delivered to San Francisco's East Bay market in 1984. A portion of the proceeds included an earn-out to fund future leasing costs and capital expenditures.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of CSG Systems International. Cole Real Estate purchased the property from McWhinney. CSG Systems International is a 206,625 square foot single-tenant office property located in Omaha, Nebraska leased through 2024.
Palmer Capital Inc is pleased to announce the successful capitalization with Harbert Management of Sky Harbor Towers. The Muller Company purchased the property from Orsett Properties Ltd. Sky Harbor Towers was a three building multi-tenant office complex totaling 273,000 square feet which was 100% vacant.
Palmer Capital Inc is pleased to announce the successful sale of Southcenter Corporate Center. South Center WA LLC purchased the property from PCCP LLC. Southcenter Corporate Square is a 202,000 square foot office park located in Tukwila, Washington in proximity to the Westfield Southcenter Mall at the Interstate 5 and 405 interchange.
Palmer Capital Inc. is pleased to announce the successful financing of One Capitol Mall. Palmer Capital represented AKT Investments to source a senior loan from a bank. One Capitol Mall is a 201,000 square foot Class A property located in Downtown Sacramento. The Property features unmatched views and prominent location at the head of the Capitol Mall corridor.
Palmer Capital Inc. is pleased to announce the successful refinance of Oakland Airport Plaza. Palmer Capital represented Kennedy Wilson in negotiations with a publicly-traded mortgage REIT. Oakland Airport Plaza is 200,000 square foot office property in the Hegenberger corridor near the Oakland Airport. The transaction was closed in under 30 days.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of the Roseville FedEx Ground Facility. Tratt Properties, a Phoenix-based national developer and investment company, purchased the property from nationwide developer Scannell Properties. The FedEx Ground Facility is a 200,000 square foot industrial facility located in Roseville, California. The Facility is a state-of-the-art, Tier-1 mission-critical regional facility that serves a large section of FedEx Ground's Northern California distribution area.
Palmer Capital Inc is pleased to announce the successful closing of a $28.5 M construction loan for the Plaza at Enchanted Hills. JD Investors, LLC received a financing commitment from a pension fund. Plaza at Enchanted Hills is a 198,830 square foot power center located in Rio Rancho, New Mexico.
Palmer Capital Inc is pleased to announce the successful disposition of 1601 Lind. BH Properties purchased the property from Spaulding & Slye. 1601 Lind is a 197,446 square foot office building located in Renton, Washington. The building was occupied by the FAA, who recently vacated it for a new campus.
Palmer Capital Inc is pleased to announce the successful sale of Olympus Corporate Centre. Barker Pacific purchased the property from Ellis Partners. Olympus Corporate Centre is a 195,625 square foot office portfolio located in Roseville, CA. Palmer Capital assisted in arranging the entire capital stack for the transaction.
Palmer Capital Inc is pleased to announce the successful refinance of Tacoma Financial Center. A large international bank refinanced the property for RK Getty Corp. Tacoma Financial Center is a 194,554 square foot Class A office project located in Tacoma, WA.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Towers at Riverwalk. A partnership of Stillwater Investment Group and Greenlaw Partners purchased the property from Davenport Partners. Towers at Riverwalk is a two-building 193,657 square foot Class A office project located in Riverside, California. Built in 2008, Towers at Riverwalk serves as the primary regional office for a number of national tenants that are primarily in the financial services, real estate, and insurance industries.
Palmer Capital Inc is pleased to announce the successful sale of Arapahoe Marketplace. Loja Real Estate purchased the property from ACF Property Management and GDA Real Estate. Arapahoe Marketplace is a ±192,000 square foot grocery anchored retail center located in Greenwood Village, CO. The center was anchored by Sprouts Farmers Market, Office Depot, Incredible Wine & Spirits, and The Tile Shop.
Palmer Capital Inc is pleased to announce the successful sale of Highland Reserve Marketplace. Excel Trust purchased the property from Donahue Schriber. Highland Reserve is a 191,416 square foot Retail Center located in Roseville, California.
Palmer Capital Inc is pleased to announce the successful completion of sourcing construction financing for the development of 600 Clyde. Palmer Capital represented ownership in the negotiations with a debt fund. The property to be built is a 190,000 square foot mid-rise Class A office building and parking stucture which will be fully utilized by Google.
Palmer Capital Inc is pleased to announce the successful refinance of Centralia Outlets. A large national bank financed the property for RK Getty Corp. Centralia Outlets is a 186,000 square foot retail outlet center located in Centralia, WA.
Palmer Capital Inc is pleased to announce the successful refinance of Legacy Palm Court. The owner is Legacy Partners. Legacy Palm Court is a 186,000 square foot single-tenant office building located in Torrance, California. The refinance of the property provides term beyond the tenant lease maturity, which is just over three years into the loan term.
Palmer Capital Inc is pleased to announce the successful sale of the Summit at Douglas Ridge. Vectra Management Group purchased the property from Ellis Partners. The Summit at Douglas Ridge is a 185,541 square foot Class A office park located in Roseville, a premier office submarket of the Sacramento MSA. The Property is widely considered the highest quality office park in the submarket.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Twin Dolphin Plaza at 333 Twin Dolphin Drive in Redwood City, California. Equity Office Properties purchased the building from Kennedy Associates. Twin Dolphin Plaza is a 185,286 square foot class A office building located within Redwood Shores, a master-planned office park.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Union Park 6 & 7. Kramer-Wilson Company purchased the property from Washington Capital. Union Park 6 & 7 consists of two multi-tenant, Class “A” office buildings totaling 185,017 square feet, located in Cottonwood Heights, Utah, Salt Lake City’s premier office submarket.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Lava Ridge Business Center in Roseville, California. Property Reserve Inc. purchased the buildings from Summit Commercial. Lava Ridge Business Center consists of three, two-story Class A office buildings totaling 182,873 square feet. Tenants include Bank of America, Random House (Prima), and Pacific Secured Equities.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Arbor Courtyard Business Park, located at 9420-9500 Telstar Avenue in El Monte, California. ScanlanKemperBard Companies of Portland purchased the property from Fowler Property Acquisitions. Arbor Courtyard Business Park is a 182,494 square foot business park located in a strategic suburb of Los Angeles.
Palmer Capital Inc is pleased to announce the successful close of acquisition financing for 48401 - 48481 Fremont. TMG Partners purchased the property vacant, the property was formerly occupied by ESS Technology. 48401 - 48481 Fremont is a 181,206 square foot office property located in Fremont, California. Palmer Capital secured non-recourse, bank acquisition financing with future loan funding for underwritten carry costs, property renovations, and leasing costs to fully capitalized the borrower's value-add business plan.
Palmer Capital Inc is pleased to announce the successful sale of West Jordan Town Center. West Jordan Town Center is a ±181,000 square foot grocery anchored retail center located in a primary submarket of the Salt Lake City MSA.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Sacramento Corporate Center in Sacramento, CA. Chase Merritt purchased the property from Grubb & Ellis Realty Investors (Triple Net Properties). Sacramento Corporate Center is a 178,735 square foot Class A landmark office building located in the heart of Sacramento's Central Business District.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Kohl's at Bend River Promenade in Bend, Oregon. Inland Diversified Real Estate Trust purchased the property from RP Realty Partners. Kohl's at Bend River Promenade is a 69,000 square foot retail property located in the Pacific Northwest's recreational haven of Bend, Oregon. The freestanding store is part of Bend River Promenade, a 178,000 square foot retail destination with excellent visibility from Highway 97 and largely considered as Bend's most visible shopping center.
Palmer Capital Inc is pleased to announce the successful financing of Broadmoor Town Center with a life insurance company. Broadmoor Town Center is a 176,785 square foot power center located in Colorado Springs. The Property is leased to a diverse roster of top-tier national retailers and is shadow-anchored by Home Depot.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of the Scottsdale Arrowhead Portfolio. Fenway Properties and Iron Point Real Estate Partners purchased the property from AEW Capital Management. Scottsdale Arrowhead is a two building office portfolio totaling 176,000 square feet located in Scottsdale and Peoria, Arizona. The sale was closed all cash and PCI will be placing financing post close.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of 3030 North Central. Omninet Capital purchased the property from Morrison Street Capital. 3030 North Central is a 175,940 square foot, 14 story office building located in Downtown North submarket of Phoenix.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of 5090 North 40th Street in Phoenix, AZ. CJK Investments LLC purchased its first property for a new venture from Transwestern Investments. The Property is located in the Camelback Corridor Submarket, the premier office submarket in the region. The property features convenient regional access and is surrounded by an abundance of amenities and housing options.
Palmer Capital Inc is pleased to announce the successful sale of Center Shopping Center. Keshav Real Estate purchased the property from Bon Aviv Investments. Center Shopping Center is a 174,263 square foot retail center located in Stockton, California. The Costco shadow-anchored property was 100% leased and included three developable pads.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of 601 West Main. STG Group purchased the property from Joshua Green Corporation. 601 West Main is a 171,796 square foot, 16-floor office tower located in Spokane's Central Business District (CBD).
Palmer Capital Inc is pleased to announce the successful financing for the acquisition of Santana Tower. Palmer Capital represented The Muller Company in the transaction. Santana Tower is a 170,000 square foot Class A office building.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Howe/Hurley Office Park. Ethan Conrad Properties purchased the property from Karlin Real Estate. Howe/Hurley Office Park is a 169,499 square foot multi-tenant office property located off of Howe Avenue and Hurley Way in Sacramento. The project was +70% leased at the time of sale.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of 5055 Wilshire in Los Angeles, California. Somerset Group purchased the property from USAA Real Estate. 5055 Wilshire Boulevard is a 168,514 square foot institutional-quality, landmark office building located in Los Angeles' Miracle Mile submarket. Over half of the building is leased to nationally recognized tenants such as Verizon Business, Nationwide Mutual, and Nielsen.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Prospect Park Center located at 2868 Prospect Park Drive in Sacramento, California. Alexander & Baldwin purchased the building from Steele Enterprises. Prospect Park Center is a six story, 168,500 square foot Class A office building.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of California Center Office Park in Sacramento, California. Basin Street Properties purchased the property from TA Associates Realty. California Center Office Park is a master-planned Class "A" office project in a campus-like setting. The property consists of three buildings totaling approximately 167,861 square feet. It is surrounded by an abundance of amenities, executive housing, and features convenient regional access.
Palmer Capital Inc is pleased to announce the successful sale of Bradshaw Business Park. GPR Ventures purchased the property from SKB and Oaktree Capital. Bradshaw Business Park is an eight building 167,223 square foot office/flex/showroom asset located in Sacramento, CA. The buildings have excellent visibility from the Highway 50.
Massie & Company purchased the property from Panattoni Development Company. 650 Innovation is a 165,683 square foot distribution facility located in the coveted South Meadows submarket. The building is 100% leased to three well-known national companies including Slakey Brothers, Creative Touch Interiors, and BMC West.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Senator Hotel Office Building located at 1121 L Street in Sacramento, California. Capital & Counties purchased the building from ORIX Real Estate Equities. Senator Hotel Office Building is a 165,000 square foot Class A office building adjacent to the California State Capitol.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Granite Regional Park in Sacramento, California. Eaton Vance purchased the property from a joint venture of Panattoni Development and Separovich Domich. Granite Regional Park is a 164,981 square foot Class A office building leased to the County of Sacramento and strategically located off of Highway 50.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Granite Park II. Boyd Watterson purchased the property from Eaton Vance. Granite Park II is a 164,981 square foot family courthouse in Sacramento, California. The Judicial Council of California occupies 100% of the building and recently extended its lease for 10 years.
Palmer Capital Inc. is pleased to announce the successful sale of Silverado Business Park. A private 1033 buyer purchased the property from Guggenheim Real Estate and Rexford Industrial. Silverado Business Park is a 164,656 square foot institutional grade industrial asset located in the North Las Vegas Industrial Market. Silverado Business Park was an all cash transaction.
Palmer Capital Inc is pleased to announce the successful sale and financing of Safeway Towne Centre. Wallace Properties purchased the property from PMF Investments. Safeway Towne Centre is a 163,875 square foot grocery anchored retail center located in Kennewick, WA. Safeway recently upgraded the store to a lifestyle format.
Palmer Capital Inc is pleased to announce the successful sale of Prospect Park Center. RC Asset BB LLC purchased the property from Hines/Oaktree Capital. Prospect Park Center is a 163,421 square foot six-story office building located in the Sacramento MSA and is the most visible, prominent, office building in the Highway 50 Corridor submarket and features investment grade tenants.
Palmer Capital Inc is pleased to announce the successful sale transaction of Bayside Technology Park Buildings 19, 36, and 37. Dollinger Properties purchased the property from Vectra Management Group. Bayside Technology Park #19,36, and 37 totals 162,998 square feet of high end office R&D located in Fremont, CA.
Palmer Capital Inc is pleased to announce the successful recapitalization for the purchase of AV-Air HQ. Palmer Capital represented Rich Uncles NNN REIT who purchased the property from Av-Air in a sale leaseback. Av-Air HQ is a 100% leased 162,714 square foot single story building in Chandler a suburb south east of Phoenix.
Palmer Capital Inc is pleased to announce the successful sale and sourcing of acquisition financing for Prospect Corporate Center. Toor Farming purchased the property from Flynn Holdings. Prospect Corporate Center is a 161,471 square foot office property in Rancho Cordova, California. The multi-tenant project was approximately 50% leased to Progressive Insurance.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Point West Corporate Plaza located at 1425-1435 River Park Drive in Sacramento, California. Lowe Enterprises purchased the buildings from JP Morgan. Point West Corporate Plaza is a two-building, institutional quality office complex with close access to the Capital City Freeway and Interstate 80.
Palmer Capital Inc is pleased to announce the successful off market sale of Sequoia Pacific Business Park. Scannell Properties, along with Government Investment Properties purchased the property from Mendell Interests and Bluett Commerical. Sequoia Pacific Business Park is a 160,439 square foot office/flex project that is fully leased to the State of California's Office of Emergency Services. The mission critical location is located near Downtown Sacramento and the State Capitol.
Palmer Capital Inc is pleased to announce the successful sale of Placer Village. A family office based out of the Central Valley purchased the property from a joint venture between Westcore Properties and DRA Advisors. Placer Village is a 157,880 square foot office, medical and retail asset located in Roseville, CA.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Cell Genesys located at 500 Forbes Boulevard in South San Francisco, California. CarrAmerica purchased the building from Newcastle Partners. Cell Genesys is a 155,685 square foot, state of the art two-story Life Science building which serves as Cell Genesys' headquarters.
Palmer Capital Inc is pleased to announce the successful sale of California Plaza. Insight Realty purchased the property from TA Realty. California Plaza is a 155,546 square foot Class A office property located in Sacramento, California. The acquisition was Insight Realty's first purchase in the market.
Palmer Capital Inc is pleased to announce the successful sale of Northgate Business Park. Harsch Investments purchased the property from PS Business Parks. Northgate Business Park is a 154,000 square foot multi-tenant office/industrial business park located in Sacramento, California. The project was 86% leased at the time of sale.
Palmer Capital Inc is pleased to announce the successful sale of the Bank of Hawaii Waikiki Center Building which is a 153,308 SF office building. The Sanno Group purchased this distinct Class "A" office tower on the world famous Kalakaua Avenue in Waikiki from Pacific Office Properties.
Palmer Capital Inc is pleased to announce the successful refinancing of Vintage Commons. Palmer Capital represented a private investor in negotiations with the CMBS lender. Vintage Commons is a Class A power center comprised of 153,000 square feet in Modesto, CA.
Palmer Capital Inc is pleased to announce the successful re-finance of North Point Landing. Palmer Capital represented a joint-venture between PCCP and Brentwood Development. North Point Landing is a 152,786 square foot grocery-anchored retail property located along McHenry Avenue in Modesto, California.
Palmer Capital Inc is pleased to announce the successful sale of Folsom Gateway. Basin Street Properties purchased the property from Swift Real Estate. Folsom Gateway is a 150,351 square foot office building located in the Sacramento MSA. Folsom Gateway is an institutional Class-A office with high-identity freeway visibility and best-in-class improvements in a campus like setting.
Palmer Capital Inc is pleased to announce the successful sale of 3400 Data Drive. Dignity Health purchased the property from Hines. 3400 Data Drive is a 150,000 square foot Class A office property located in Rancho Cordova, California. Dignity Health fully occupied the building at the time of sale.
Palmer Capital Inc is pleased to announce the successful sale transaction of 1200 North Main. Positive Investments purchased the property from LNR Partners. 1200 North Main is a ±150,000 square foot office building located in Orange County. The property was ±60% leased at the sale date at a significant discount to replacement cost.
Palmer Capital Inc is pleased to announce the successful financing of Folsom Corporate Center. Swift purchased the property from UBS in an all-cash transaction and engaged Palmer Capital to source financing. Folsom Corporate Center is a 150,000 square foot, Class A property that has been institutionally owned and managed since being delivered in 2003. The property is leased to a diverse tenant roster of high quality professional firms.
Palmer Capital Inc is pleased to announce the successful transaction of Mountain Grove Office Park. Lam, Robinson & Company purchased the property from Midland Loan Services. Mountain Grove Office Park is a 149,300 square foot office park located in Upland, California that was 33% leased at time of close
Palmer Capital Inc is pleased to announce the successful sale of Rancho Cordova Town Center. A newly formed joint venture between Inland Private Capital and Pacific Castle purchased the property from Prudential Real Estate Investors. Rancho Cordova Town Center is a 148,626 square foot retail destination center located in the Sacramento MSA. The Target anchored center features nationally recognized tenants including Marshalls, Michaels, Ross & ULTA.
Palmer Capital Inc is pleased to announce the successful sale of Slate Creek Corporate Center. A local family trust purchased the property from Ellis Partners. Slate Creek Corporate Center is a 147,375 square foot office park located in Sacramento's premier office submarket of Roseville. The property was recently renovated and rebranded.
Palmer Capital Inc is pleased to announce the successful transaction of Pointe West Business Park. SVN Management, Inc. purchased the property from LNR Partners, LLC. Pointe West Business Park is a 147,202 square foot office park centrally located in the Point West area of Sacramento.
Palmer Capital Inc. is pleased to announce the successful transaction of Fairway Commons I. Merlone Geier purchased the property from Wells Fargo. Fairway Commons is a 146,882 square foot power center located in the Sacramento Region. Fairway Commons is a value-oriented destination retail center located along Highway 65 which is directly across from the region's premier regional mall, Westfield's Galleria at Roseville. Fairway Commons provides a diverse tenant mix highlighted by 83% of the leased square footage to nationally recognized tenants.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Summit Oaks located in Santa Clarita, California. Cole Real Estate purchased the property from Heitman Real Estate. Summit Oaks is a 146,385 square foot, five-story Class A office building. The Property at time of sale was 100% occupied Advance Bionics, a leading manufacturer of hearing care solutions.
Palmer Capital Inc is pleased to announce the successful refinance of the Chaparral Business Park. Palmer Capital represented Colony Realty Partners in the transaction with a conduit loan originator. Chaparral Business Park is a 146,175 square foot multi-tenant industrial park located in Centennial, Colorado.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Gresham Station North located at 831 Northwest Council Drive, Gresham, Oregon. Westlake Group purchased the property from Centercal. Gresham Station North is a 145,322 SF, Class A mixed-use property which includes an 18,584 SF surgery center, a 45,000 SF LA Fitness and 80,000 SF of medical, office and retail space located within the urban core of Gresham, Oregon, a suburb of Portland.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Campus Point Business Science Center located at 4243 Campus Point Court in San Diego, California. Qualcomm, Inc. purchased the center from UBS Realty Investors. Campus Point Business Center is a 144,324 square foot, two-story office/R&D building consisting of approximately 65% office space, 30% engineering lab space and 5% warehouse space. The building was 100% leased to Qualcomm, Inc.
Palmer Capital Inc is pleased to announce the successful sale of Tucson West. West Coast Capital Parters purchased the property from Pearlmark Real Estate Partners. Tucson West is a 142,105 square foot Class-A office building located in Tucson, Arizona. The value-added opportunity was approximately 80% leased at closing.
Palmer Capital Inc is pleased to announce the successful close of financing for the acquisition of the AMH Portfolio. Tolles Development Company purchased the property from a private owner in an off market transaction. The AMH Portfollio is a 140,594 square foot, six building office portfolio located in Reno, Nevada. Palmer Capital arranged acquisition financing with future funded loan proceeds to finance leasing costs to stabilize the portfolio.
Palmer Capital Inc is pleased to announce the successful refinance of 1465 North McDowell, a 140,488 square foot single tenant flex R&D building that is leased to Tellabs and located off of Highway 101 in the heart of the Redwood Business Park in Petaluma, California.
Palmer Capital Inc is pleased to announce the successful recapitalization of Crossroads Festival Shopping Center. Palmer Capital represented Larsen Baker LLC in the recapitalization. Crossroads Festival Shopping Center is a ±140,000 square foot destination retail center located in Tucson, Arizona. The center is anchored by a Fry's Food & Drug (NAP), Bed Bath & Beyond, and RoadHouse Cinemas, and is ±90% leased to a mix of nationally recognized and local tenants.
Palmer Capital Inc is pleased to announce the successful closing of acquisition financing for Wood Village Town Center. CIRE Equity purchased the property from Gerrity Group. Wood Village Town Center is a 139,831 square foot destination retail center located in a submarket of Portland, Oregon. The Property is anchored by Fred Meyer (NAP), Lowe's (NAP), and Kohl's.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Southland Shopping Center. Tron Do Real Estate purchased the property from Brookfield Properties. Southland Shopping Center is a 138,643 square foot grocery anchored shopping center located in Hayward, California. The Property benefits from a densely populated trade area with significant barriers to future development. Anchored by a newly built Seafood City Supermarket and City Sports Club, the Property features an e-commerce resistant, nationally recognized tenant mix.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Raley's Distribution Building located at 3925 Seaport Boulevard in West Sacramento. Park View Property Investors LLC purchased the building from Panattoni Development. The Raley's Building is a 135,885 square foot single tenant industrial building leased to Raley's to house its bakery productions and distribution division.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of McMinnville Plaza located at 2490 North East Highway 99W in McMinnville, Oregon. NBS Real Estate purchased the center from Cypress Equities. McMinnville Plaza is a 135,702 square foot shopping center anchored by Ross, Petco and JCPenney located in McMinnville, Oregon, approximately 30 miles Southwest of Portland along Highway 99W.
Palmer Capital Inc is pleased to announce the successful joint venture transaction regarding the Potrero Business Center in San Francisco. Morisson Street Capital completed the equity recapitalization with Birtcher Anderson Properties. Potrero Business Center is a 135,116 square foot office and industrial property strategically located in the Potrero Submarket of San Francisco.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Lowe's Home Improvement Warehouse, located at 4151 North Oracle Road in Tucson, Arizona. Nikanjam & Company, a private company located in Chicago, purchased a majority portion of the land beneath the 135,000 square foot Lowe's from Larsen Baker, LLC. Additionally, Palmer Capital attained CTL financing for the buyer with an 88% LTV, fully amortizing loan over the 17.75 year term of the lease at 5.7% interest.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Westcliff House. Urban Land of Nevada, one of Las Vegas' most prominent land owners, purchased the property from Omninet Capital of Los Angeles. Westcliff House is a 134,907 square foot Class A mixed-use, professional office, medical, and retail condominium Business Park located within the Summerlin submarket in Las Vegas. The Property is exceptionally well-landscaped and the buildings were designed and constructed to resemble a luxurious French country manor.
Palmer Capital Inc. is pleased to announce the successful refinancing of Pacifica Trenton. Palmer Capital Inc. represented Colony Realty Partners in the transaction with a privately-held real estate finance company. Pacifica Trenton is a 134,858 square foot Class A office building located in Diamond Bar, CA.
Palmer Capital Inc is pleased to announce the successful sale and financing of Auburn Village. Epic Realty Partners purchased the property from Regency Centers and First Washington Realty. Auburn Village is a 133,950 square foot retail center located in Auburn, CA. The center is anchored by a top performing Bel Air Market.
Palmer Capital Inc is pleased to announce the successful sale of Summerhills Plaza. Citivest purchased the property from Weingarten Realty Investors. Summerhills Plaza is a 133,318 square foot grocery anchored retail center located in Sacramento, CA. The Center is anchored by the leading grocery chain in the market, Raley's, and featured two major tenants expanding and relocating within the center at the time of sale.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Country Club Gate Center, located at 150 Country Club Gate in Pacific Grove, California. Fowler Property Acquisitions purchased the property from GMS Realty. Country Club Gate Center is a 133,272 square foot dominant grocery/drug anchored center. It has a strategic position as the only traditional grocery/drug-anchored neighborhood shopping center in Pacific Grove.
Palmer Capital Inc is pleased to announce the successful close of financing for the acquisition of University Park. Fenway Properties purchased the property from KBS Realty Advisors. University is a two property, 130,964 square foot office portfolio located in Sacramento, CA. Palmer Capital secured non-recourse, bridge financing for the acquisition that consisted of future funded loan proceeds for capital improvements and leasing costs to financing the borrower's business plan.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Emeryville Exchange - a four building creative office portfolio located along the Hollis Street Corridor in Emeryville, California. Hackman Capital, a Southern California based discretionary fund investor, purchased the Portfolio from a private family office partnership that had repositioned the former industrial manufacturing buildings over the past 30 years. Palmer Capital also arranged and negotiated the acquisition debt financing for Hackman.
Palmer Capital Inc is pleased to announce the successful sale of the Liberty Building. Positive Investments purchased the property from Buzz Oates Companies. The Liberty Building is a 128,285 square foot office building located in Sacramento, CA. It is 100% leased to a joint-venture operation between the State of California and Bureau of Reclamation.
Palmer Capital Inc is pleased to announce the successful refinancing of Gateway Corporate Center. Palmer Capital represented The Muller Company to provide a long term fixed rate loan from a private fund for the 126,185 square foot office project in Diamond Bar, CA. Gateway Corporate Center consists of two three-story Class B office buildings.
Palmer Capital Inc is pleased to announce the successful sale of TJ Maxx Plaza. Gerrity Group purchased the property from GDA Real Estate/ACF Property management. TJ Maxx Plaza is a 126,816 square foot community retail center located in Roseville, California, an affluent suburb of Sacramento. The Property featured strong tenant sales and excellent historical occupancy.
Palmer Capital Inc is pleased to announce the successful recapitalization of Legacy Airport Plaza. Legacy Partners paid off the existing loan secured by the property at a discount to Par, the loan secured by Palmer Capital financed this discounted payoff ("DPO"). Legacy Airport Plaza is a 126,035 square foot office building in Long Beach, California. The property was 44% occupied at the time of close.
Palmer Capital Inc. is pleased to announce the successful sale of the Red Sea Data Center Portfolio. Digital Realty Trust purchased the properties from Red Sea Group in an off market transaction. The Red Sea Data Center Portfolio is a 125,876 square foot, 2-building data center portfolio located in San Jose, California and Richardson, Texas. Both single tenant buildings had long-term NNN leases.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Bayhill Office Center III in San Bruno, California. HCA Management Company purchased the property from Sun Life Investment Management. Bayhill Office Center III is a 125,615 square foot, two building office project located within the Bayhill Office development in San Bruno. The surrounding office buildings are all owned by tech giants Google (YouTube) and Walmart.com. The location is a prime choice for established tech companies looking to be located in near proximity to SFO International Airport and the intersection of Highway 101 and Interstate 280/380.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Texas Instruments Centre in Tucson, AZ. American Realty Capital purchased the property from Bourn Companies. Texas Instruments Centre is a 125,000 square foot office building located within the Williams Centre which is the premier office location in Tucson. The Williams Centre is strategically located at the corner of East Broadway and South Craycroft Road in Central Tucson. The property was 100% leased to Texas Instruments (A+ Credit Rated) for nearly 10 years remaining on term.
Palmer Capital Inc is pleased to announce the successful sale of Legends at Sparks Marina. Gerrity Group purchased the property from RED Development. Legends at Sparks Marina is a 124,653 square foot Destination Center located in the Reno/Sparks Market. Anchored by TJ Maxx, Best Buy, Petco, and Old Navy, the Center is adjacent to the nearly one million square-foot Outlets at Sparks Marina which features a 295,000 square foot Scheels, 12-screen IMAX Theatre, and approximately 700,000 square feet of open-air outlet space.
Palmer Capital Inc is pleased to announce the successful sale of One Capital Center. Ethan Conrad Properties purchased the property from DivcoWest Real Estate Investments. One Capital Center is a 124,127 square foot Office property located in Rancho Cordova. The property was approximately 85% leased at the time of sale.
Palmer Capital Inc is pleased to announce the successful refinancing of 2150 North First. 2150 North First is a joint venture of Ryan Companies and Wayzata Investment Partners. The six-story mid rise office building consists of 123,511 square feet located in San Jose, California. Palmer Capital arranged 65% LTV, non-recourse floating rate financing.
Palmer Capital is pleased to announce the successful financing for the acquisition of 2665 North First Street. A regional bank provided the first mortgage loan. 2665 North First Street is a 123,000 square foot office property located in North San Jose. Located in the heart of Silicon Valley, the Property is 100% leased to a diverse tenant roster.
Palmer Capital Inc is pleased to announce the successful sale of Expo Center. BKM Capital Partners purchased the property from Sperry Equities. Expo Center is a 122,253 square foot office/industrial business park located in Sacramento. The seven building asset was approximately 86% leased and included more than 40 tenant spaces.
Palmer Capital Inc is pleased to announce the successful sale of Market Street Business Park. Cover Trust purchased the property from Buzz Oates Companies. Market Street Business Park is a 122,084 square foot, nine-building, multi-tenant industrial park located in the Coachella Valley. The buildings were approximately 60% leased at the time of the sale.
Palmer Capital Inc is pleased to announce the successful sale of the American River Drive Office Portfolio. Jackson Properties purchased the property from Hines. The American River Drive Portfolio is a 121,921 square foot, three-building portfolio in Sacramento. The portfolio was approximately 88% leased at close.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Belle Mill Landing, a 119,888 square foot, grocery-anchored retail center in Red Bluff, California. US Realty Partners Inc. purchased the property from JMW Management. Palmer Capital also arranged the financing for the center, which is located along a popular tourist corridor midway between San Francisco and Ashland, Oregon.
Palmer Capital Inc is pleased to announce the successful financing of Fremont Business Park on behalf of Westcliff Group, LLC. Fremont Business Park is a 119,038 square foot office property located in the Bay Area. The property includes multiple buildings in a campus-like setting with a diverse roster of small, executive suite tenants.
Palmer Capital Inc. is pleased to announce the successful refinance of Orchard Business Park. A regional bank provided the financing for Colony Realty Partners. Orchard Business Park is a 118,794 square foot flex industrial/office property located in the South Bay/San Jose Market. The loan request represented 65% of the appraised value.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the California National Guard Headquarters, located at 9800 Goethe Road in Sacramento, California. Grubb & Ellis Realty Investors (Triple Net Properties) purchased the property from The Price Group. California National Guard Headquarters is a 117,500 square foot office building located in Sacramento, California. The building is 100% occupied by the California National Guard.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Fountain Plaza I and II. Rosen Properties purchased the property from Franklin Street Properties. Fountain Plaza I and II is a 117,010 square foot, two building office property located in Federal Way. Fountain Plaza I and II was previously a single-tenant property serving as Weyerhaeuser's western campus in Federal Way, and has since been converted to a multi-tenant office property serving a range of industries from government to technology.
Palmer Capital Inc is pleased to announce the successful sale of Eastmont Town Center. Levy Affiliated purchased the property from ScanlanKemperBard Companies and The Praedium Group. Eastmont Town Center is a 116,457 square foot grocery-anchored retail center located in Oakland, CA.
Palmer Capital Inc is pleased to announce the successful off-market sale of 2300 Orchard Parkway in San Jose, California. The Property recently underwent a complete renovation with more than $15 million invested into upgrades throughout the facilities. The Property is leased to Marvell Technology Group – a global leader in the semiconductor industry – who recently acquired the original tenant, Cavium. Neighboring tenants and ownership include the headquarters of both eBay and PayPal, and 67 acres of office and undeveloped land owned by Apple.
Palmer Capital Inc is pleased to announce the successful sale of the 113,000 square foot Scowcroft Building in Ogden, Utah. The Scowcroft Building was purchased by National Government Properties from Cottonwood Partners and is 100% leased to the GSA (IRS).
Palmer Capital Inc. is pleased to announce the successful sale transaction of One Cray Court. Alexandria Real Estate purchased the property from Lankford Development. One Cray Court is a 112,000 square foot life science facility asset located within Torrey Pines in San Diego, one of the premier life science clusters in the United States. The asset is 100% leased to The Scripps Research Institute, the largest independent research institute in the Nation.
Palmer Capital Inc is pleased to announce the successful refinance of the Lakeside Office Park. Lakeside Office Park is a 110,171 square foot office building located in the Denver, CO. The bridge loan refinanced the existing loan secured by the asset and provided future funding for additional capital improvements and leasing commissions.
Palmer Capital Inc is pleased to announce the successful recapitalization of the Broadway Market in Seattle. LaSalle Investment Management recapitalized the grocery anchored urban mixed use asset for Madison Market. Broadway Market is a 109,916 square foot mixed use retail and multifamily asset located in Seattle that is anchored by QFC (Kroger grocery store).
Palmer Capital Inc. is pleased to announce the successful closing of FedEx San Francisco. S&P Company purchased the property from Callen Trust. FedEx San Francisco is a 108,793 square foot Class A industrial facility. It represents the highest price per square foot achieved for an industrial facility in San Francisco.
Palmer Capital Inc is pleased to announce the successful sale transaction of Stoneview Plaza. Channel Properties purchased the property from PCCP. Stoneview Plaza is a 108,348 square foot multi-tenant office building located in Roseville (Sacramento), California. The property was 100% leased at sale and featured an attractive WALT.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Westlake Spectrum, located at 4330 & 4360 Park Terrace Drive in Westlake Village, California. TA Associates Realty purchased the buildings from CarrAmerica Realty. Westlake Spectrum consists of two Class A institutional quality office buildings totaling 107,340 square feet and located in the Conejo Valley Corridor.
Palmer Capital Inc. is pleased to announce the successful sale of the SunGard Building. Artis REIT purchased the property from Ashton Capital. The SunGard Building is a 107,000 square foot single tenant asset located in Scottsdale, Arizona. The sale was completed off market and the buyer assumed the existing financing.
Palmer Capital Inc is pleased to announce the successful sale of the Sutter Health Building. Rich Uncles REIT purchased the property from Jackson Properties. The Sutter Health Building is a ±106,000 square foot LEED Certified office building located in the master planned Mather Commerce Center business park. Sutter occupies two adjacent buildings in the park and fully occupied the building on a long term lease.
Palmer Capital Inc is pleased to announce the successful sale of Ocean Ranch Plaza.TDA Investment Group purchased the property from Kearny Real Estate and Morgan Stanley.Ocean Ranch Plaza is a 106,392 square foot Office, Medical, and Retail property located in Oceanside, California. The transaction closed all cash on an expedited timeline.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of City Center West Building B in Las Vegas, Nevada. Westlake Group purchased the building from Triple Net Properties. City Center West Building B is a 105,964 square foot Class "A" office building located in the Northwest submarket, one of the most competitive submarkets in Las Vegas.
Palmer Capital Inc is pleased to announce the successful sale of Village One Plaza. Phillips Edison-ARC Shopping Center REIT purchased the property from Best Properties. Village One Plaza is a newly constructed 105,658 square foot grocery anchored neighborhood center located in the Village One master planned community of Modesto, CA. The property is anchored by Raley's, one of the region's top grocers and a dominant grocer in the Modesto market.
Palmer Capital Inc is pleased to announce the successful sale of Sierra Oaks Plaza. Vestar Development purchased the property from EJ Plesko & Associates. Sierra Oaks Plaza is a 105,555 square foot grocery-anchored retail property located in the affluent community of Granite Bay and is anchored by a Walmart Neighborhood Market.
Palmer Capital Inc is pleased to announce the successful Sale of Talega Village Center. Equity One & Vestar purchased the property from Rockwood Capital. Talega Village is a ±105,000 square foot grocery anchored shopping center located in South Orange County.
Palmer Capital Inc is pleased to announce the successful sale of Antelope Marketplace. Gerrity Group purchased the property from Donahue Schriber. Antelope Marketplace is a ±104,000 square foot grocery anchored shopping center located in the Antelope submarket of Sacramento, CA. The center was anchored by Bel-Air and 24 Hour Fitness.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Glendale Center in Glendale, Arizona. West Valley Properties purchased the property from ACF Property Management and GDA Real Estate Services. Glendale Center is a 103,612 square foot retail center located in an infill, mature residential area of Glendale, Arizona. The property is anchored by Safeway, one of the dominant grocers in the region, and further occupied by a diverse mix of national tenants.
Palmer Capital Inc is pleased to announce the successful sale of Wheat Ridge Marketplace. Phillips Edison and Company purchased the property from ACF Property Management. Wheat Ridge Marketplace is a 103,438 square foot Safeway-anchored neighborhood retail center located in a densely populated trade area just west of Downtown Denver.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Morada Ranch. Retail Opportunity Investments Corporation purchased the property from The Evergreen Company. Morada Ranch is a 101,893 square foot grocery anchored neighborhood center located in an affluent residential area of Stockton. The Center was anchored by Raley's on a long term lease.
Palmer Capital Inc is pleased to announce the successful Financing of Civic Commerce Center. Birtcher-Anderson refinanced one of their Southern California office properties and engaged Palmer Capital on an exclusive basis to source a long term fixed rate loan. Civic Commerce Center is a 101,000 square foot multi-tenant office building which was 97% leased at the close of escrow. Palmer Capital secured a long term fixed rate loan that allowed for a partial return of sponsors equity.
Palmer Capital Inc is pleased to announce the successful recapitalization of Bluerock Center. A CMBS lender financed the property for Reynolds & Brown. Bluerock Center is a 101,295 square foot mixed-use (office/retail) project located in Antioch, CA.
Palmer Capital Inc is pleased to announce the successful sale of Sandy Marketplace. Albanese Cormier purchased the property from Phillips Edison & Co. Sandy Marketplace is a 100,762 square foot grocery anchored retail property located in Sandy, Oregon and anchored by Grocery Outlet and Bi-Mart.
Palmer Capital Inc is pleased to announce the successful sale of Brookhollow Business Park. Brookhollow Group purchased the property from AEW. Brookhollow Business Park consists of 100,011 square feet within four industrial buildings located in the Summerlin community of Las Vegas.
Palmer Capital Inc. is pleased to announce the successful refinancing of 1860 Howe Avenue. Palmer Capital represented Kennedy Wilson in the negotiation with the regional bank lender. The Property is a 100,000 square foot office property situated near the Arden Fair Mall in Sacramento, CA. The transaction was closed in under 30 days.
Palmer Capital Inc is pleased to announce the successful close of financing for the acquisition of Blue Oaks Marketplace. Blue Oaks Marketplace is a 99,823 square foot retail neighborhood center located in Rocklin, California. Palmer Capital arranged acquisition financing with future funded loan proceeds to reposition the Property as a grocery anchored center.
Palmer Capital Inc is pleased to announce the successful sale of 2525 Natomas Park Drive. PB;&J Acquisitions purchased the property from TA Associates Realty. Natomas Corporate Center is a 99,519 square foot office property located in Sacramento, California. The building was 88% leased, of which the State of California occupied 59,804 square feet.
Palmer Capital Inc is pleased to announce the successful capitalization of Southwest Jet Corporate Center. Southwest Jet Corporate Center is a 98,931 square foot office and airplane hangar facility located in the Scottsdale Airport.
Palmer Capital Inc. is pleased to announce the successful negotiation of a Joint Venture agreement between LCA Valencia and Intertex Properties for the operation of Gateway Promenade, a 98,865 square foot multi-tenant retail center located within the Newhall Ranch community in Valencia, California.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Village West. Loja Real Estate purchased the property from Bentall Kennedy. Village West is a 98,684 square foot neighborhood center located in Littleton, Colorado. The Property benefits from a dominant trade area with some of the strongest demographics in the State of Colorado.
Palmer Capital Inc is pleased to announce the successful sale transaction of Sprouts Marketplace. Town West Realty purchased the property from Arizona Gold Properties. Sprouts Marketplace is a 98,068 square foot grocery anchored retail property located in the North Phoenix submarket. The property was 97% and also included Walgreens and Brookman as anchor tenants.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of the Arrowhead Fountains building in Peoria, Arizona. West Valley Properties purchased the property from Fenway Properties. Arrowhead Fountains is a 96,873 square foot Class A office building located directly adjacent to the highly desirable P83 Entertainment District and West Loop-101 in the amenity-rich Arrowhead submarket.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Roseville Center. CIRE Equity purchased the property from Donahue Schriber. Roseville Center is a 96,819 square foot Target and Raley's grocery shadow anchored retail center and is one of Roseville's best located and positioned retail assets consisting of almost entirely of nationally recognized retailers.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Crow Canyon Centre in San Ramon, California. Legacy Partners purchased the property from ScanlanKemperBard Companies LLC. Crow Canyon Centre consists of 2 office buildings totaling 96,775 square feet located in the San Ramon/Bishop Ranch submarket, one of the most desired submarkets in the suburban East Bay Area.
Palmer Capital Inc. is pleased to announce the successful refinancing of the Key Bank Building. Palmer Capital represented Legacy Partners in the refinance of the property with a conduit lender. The Key Bank Building is a 96,571 square foot Class-A office building located in downtown Bellevue, Washington.
Palmer Capital Inc. is pleased to announce the successful sale of Rillito Crossing Marketplace in Tucson, AZ. Epic Real Estate and Centerbridge Partners purchased the property from Krausz Companies. Rillito Crossing Marketplace is a Sprouts and LA Fitness anchored retail center that was 92% leased and has the ability for additional square footage.
Palmer Capital Inc is pleased to announce the successful sale of Ambassador Business Center. Libitzky Property Companies purchased the property from Morrison Street Capital. Ambassador Business Center is a ±96,139 square foot office/industrial property located in Portland, Oregon. The four-building asset was 100% leased and on a long-term ground lease with the Port of Portland.
Palmer Capital Inc. is pleased to announce the successful refinancing of Centerpoint Plaza.Palmer Capital represented The Muller Company and GE in the successful recapitalization with a bridge lender and a preferred equity investor. Centerpoint Plaza is a 96,000 square foot Class A office property. Palmer Capital arranged senior and preferred equity financing for the transaction.
Palmer Capital Inc is pleased to announce the successful sale of Butterfield Tech Center. Larsen Baker purchased the property from Vast Properties. Butterfield Tech Center is a 95,746 square foot office R&D building located in Tucson, AZ.
Palmer Capital Inc is pleased to announce the successful closing of Stone Point Plaza in Roseville, California. Basin Street Properties purchased the property from Dexia Real Estate Capital. Stone Point Plaza is a 95,612 square foot Class A multi-tenant office building and is one of the top suburban office properties in the Sacramento Region.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Raley's Plaza. Sterling Organization purchased the property from Gerrity Group. Raley's Plaza is a 95,443 square foot grocery anchored retail center located in the Fairfield retail submarket. The center is anchored by Raley's, being one of the top grocers in the Northern California market and home to multiple national credit tenants that include JP Morgan Chase Bank, Starbucks and Panda Express.
Palmer Capital Inc is pleased to announce the successful sale of Rocky Ridge Town Center. Phillips Edison & Company purchased the property from Fulcrum. Rocky Ridge Town Center is a 93,455 square foot, trophy grocery anchored center located along Douglas Boulevard in Roseville, Sacramento's most desirable submarket. Anchored by Sprout's Farmers Market and BevMo, Rocky Ridge was named ICSC's "Shopping Center of the Year" upon its completion in 1995.
Palmer Capital Inc. is pleased to announce the successful sale of Craig Promenade for CW Capital to Thompson National.Craig Promenade is a 91,750 square foot retail center anchored by Big Lots located in North Las Vegas, Nevada with two pad sites for future development. Craig Promenade was an REO property at the time of sale.
Palmer Capital Inc is pleased to announce the successful sale of the leasehold interest in Discovery Plaza. US Realty Partners purchased the property from Weingarten Realty Investors. Discovery Plaza is a ±90,000 square foot grocery-anchored neighborhood center located in the South Natomas submarket, just North of Downtown Sacramento. Discovery Plaza is anchored by Bel Air (Raley's) and is on a long-term ground lease.
Palmer Capital Inc is pleased to announce the successful closing of Stanford Ranch Village in Rocklin, CA. Stockbridge Capital purchased the property from Regency Centers and First Washington. Stanford Ranch Village is an 89,875 square foot high performing grocery anchored retail center. The trade area boasts household incomes of nearly $100,000 and 80% of the tenants have occupied their space since the 1990's.
Palmer Capital Inc is pleased to announce the successful sale of 19951 Mariner Avenue. Roll Global purchased the property from Terra Enterprises. 19951 Mariner Avenue is a 89,272 square foot office/laboratory located in Torrance, CA
Palmer Capital Inc is pleased to announce the successful Sale of Laguna 99. Phillips Edison & Co purchased the property from Citadel Equities. Laguna 99 is a 89,188 square foot Retail Center located in Elk Grove, California.
Palmer Capital Inc is pleased to announce the successful sale of AMC Palm Promenade. A joint venture of Citivest Commercial and Hutensky Capital Partners purchased the property from EPR Properties. AMC Palm Promenade is a 88,610 square foot, 24 screen Movie Theater located within the Palm Promenade shopping center in a dense, infill area of San Diego. The Property has an additional development component which allows for up to ±65,000 square feet of junior anchors and pads. Palm Promenade is also anchored by WalMart, Home Depot, and Vons, which were not a part of the sale.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Highlands Ranch University Park in Highlands Ranch, Colorado. Cornerstone Realty Advisers purchased the property from a joint venture of Weingarten Realty Investors and AEW Capital Management. Highlands Ranch University Park is a 88,420 square foot institutional-quality asset anchored by Whole Foods and features nationally recognized tenants such as Qdoba Mexican Grill, AT&T Wireless, Pei Wei Asian Diner, and Boston Market.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Bulletin Building in San Francisco, California. A partnership of Westfield America and Forest City Development purchased the building from Kaufman & Jacobs. The Bulletin Building is a historic 87,833 square foot office/retail building located in the heart of the Yerba Buena submarket, recognized as one of the most dynamic retail locations in San Francisco.
Palmer Capital Inc is pleased to announce the successful financing for the acquisition of the Board of Trade building in Portland, Oregon. New Urban Properties purchased the Property in an off-market acquisition. Board of Trade Building is an 87,445 square foot Class B office building in downtown Portland delivered in 1907 and currently 88% leased to a diverse tenant roster.
Palmer Capital Inc is pleased to announce the successful Acquisition Financing of 1370 Valley Vista. The Muller Company purchased the property from Starwood Capital and engaged Palmer Capital on an exclusive basis to source a structured loan. 1370 Valley Vista is an 87,000 square foot multi-tenant office building which was 76% leased at the close of escrow. Palmer Capital secured a short term floating rate bridge loan that allowed for future funding of capital improvements, tenant improvements and leasing commissions.
Palmer Capital Inc is pleased to announce the successful refinance of Lakeside Plaza. Guardian Commercial Real Estate financed the property with long term fixed rate debt from a CMBS lender. Lakeside Plaza is a Stater Bros Markets anchored 87,321 square foot retail center located in Moreno Valley that was originally developed by the Sponsor.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Orinda Theatre Square in Orinda, California. GLL Real Estate Partners purchased the property from ScanlanKemperBard Companies LLC. Orinda Theatre Square is a 87,321 square foot mixed-use property that includes office, retail, and a parking structure. The landmark building is located in the upscale Bay Area community of Orinda and recently underwent $4.2 million in renovations.
Palmer Capital Inc. is pleased to announce the successful sale of the Pentair Valves Control Building. Stag Capital Partners purchased the property from Panattoni Development. The Pentair Valves Control Building is a 87,264 square foot Manufacturing and Distribution Center located in Reno, Nevada. This purchase was Stag Capital Partners' first acquisition in Nevada.
Palmer Capital Inc is pleased to announce the successful sale of Hacienda Center in Sunnyvale, California. Pacific Coast Capital Partners purchased the property from Tarpin/Moore Company. Hacienda Center is a +/-87,000 square foot retail located in Sunnyvale, California.
Palmer Capital Inc is pleased to announce the successful refinancing of Oceanside Town & Country for Sterling Organization. Oceanside Town & Country is a 87,000 square foot retail center located in Oceanside, California. The property is anchored by Smart & Final and Crunch Fitness.
Palmer Capital Inc is pleased to announce the successful sale of 5300 Stevens Creek in San Jose. Stockbridge Real Estate Funds purchased the Class A office asset from the Carlyle Group. The building is nearly 60% leased to Apple and located just a few miles from its headquarters.
Palmer Capital Inc. is pleased to announce the successful closing of North Tech Business Park. MKD Investments purchased the property from Penco Properties. North Tech Business Park is an 86,510 square feet flex building located in Sacramento. Two of the three existing tenants that occupy approximately 36% of the GLA had leases that were expiring within one year in a submarket with over 21% vacancy.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Lincoln Village at Twelve Bridges in Lincoln, CA. Santis Investments purchased the property from LNR Partners. Lincoln Village at Twelve Bridges is a 86,489 square foot retail and medical office multi-use property. The property features high quality, new construction with class a finishes catering to a high demographic and a rapidly growing region, projecting 40% growth projections over the next 5 years. The property was 62% leased and the time of sale providing significant upside potential with lease up of the remaining space.
Palmer Capital Inc is pleased to announce the successful acquisition financing of Arena Gateway. Swift Real Estate Partners engaged Palmer Capital on an exclusive basis to arrange structured bridge financing from a bank for the acquisition and redevelopment of a five story office building in Sacramento, CA. The 85,153 square foot office building was 83.9% occupied and located on K Street in the heart of downtown Sacramento directly adjacent to the proposed $477 million state of the art Sacramento Entertainment Sports Center.
Palmer Capital Inc is pleased to announce the successful sale transaction of 2811 Orchard Parkway. Flynn Holdings purchased the property from AEW Capital Management. 2811 Orchard Parkway is a 85,000 square foot office property located in North San Jose. The building was not occupied at the sale date but had five months remaining on the lease term.
Palmer Capital Inc is pleased to announce the successful sale of Northpoint Commerce Center. MKD Investments purchased the property from Nearon Enterprises. Northpoint Commerce Center is an 84,616 square foot office and industrial property located in the San Francisco North Bay. The property was 69% leased at the time of sale.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the BAE Systems Building in San Jose, CA. AEW Capital Management purchased the property from a joint venture of JER Partners and Lane Partners. The BAE Systems Building is an 84,560 square foot LEED improved Office/R&D building located in the Golden Triangle of San Jose, California. The building is situated on 5.3 acres of land and is 100% leased to BAE Systems, a global research and development firm.
Palmer Capital Inc is pleased to announce the successful sale of Pine Creek Village Center. Goodman Realty Group purchased the property from Real Capital Solutions. Pine Creek Village Center is a 82,723 square foot mixe-use Office/Retail property located in Colorado Springs. The property was approximately 87% leased at the time of sale. Palmer Capital Inc also arranged debt financing for the buyer to successfully complete the transaction.
Palmer Capital Inc is pleased to announce the successful refinance of Sierra Crossroads. Guardian Commercial Real Estate financed the property with long term fixed rate debt from the CMBS lender. Sierra Crossroads is a Stater Bros Markets anchored 81,529 square foot retail center located in Fontana that was originally developed by the Sponsor.
Palmer Capital Inc is pleased to announce the successful sale of Parkway Fountains. Griffin Partners purchased the property from Murphey Investment Trust. Parkway Fountains is a 80,315 square foot office building located in Phoenix, Arizona. The property is a four-story, boutique multi-tenant office building strategically located in the Camelback Corridor.
Palmer Capital Inc is pleased to announce the successful sale of The Corner. Inland Real Estate purchased the property from a Bourn Companies partnership. The Corner is a 80,155 square foot retail property located in Tucson, Arizona. The Corner presented the opportunity to acquire a premier, destination retail property in Tucson's principal retail location. The Corner is located across the street from the Tucson Mall.
Palmer Capital Inc is pleased to announce the successful disposition of Sylvan Square. Graceada Partners purchased the property from Stone Brothers Management. Sylvan Square is a 79,675 square foot retail center located in Modesto, California. Stanislaus County leases close to 50% of the center for a regional veterans center and recreational facility.
Palmer Capital Inc is pleased to announce the successful sale of Haven Park. Buchanan Street Partners purchased the property from Parkwood Real Estate Partners and Thackeray Partners. Haven Park is a 75,141 square foot Class A office building located in Rancho Cucamonga, CA. The asset was built in 2007 and is one of the most desirable office assets in its market.
Palmer Capital Inc is pleased to announce the successful refinance of Waterman Village Shopping Center. A Life Company financed the property for Reynolds & Brown. Waterman Village is a 78,000 square foot grocery-anchored retail center located in Fairfield, CA.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Alamosa Plaza in Las Vegas. Pan Pacific Retail Properties purchased the center from Grubb & Ellis Realty (Triple Net Properties). Located at 2833-2949 East Desert Inn Road in Las Vegas, Nevada, Alamosa Plaza is a 77,650 square foot retail center, anchored by Albertson's.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of 1075 Creekside Ridge Drive in Roseville, California. The Hofmann Company purchased the building from The Evergreen Company and Acorn Asset Management. Creekside Ridge is a 76,550 square foot office building located in Roseville.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Arcade Square. Ethan Conrad Properties purchased the property from Weingarten Realty. Arcade Square is a 76,497 square foot shopping center anchored by Grocery Outlet located in Sacramento, California.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Del Mar Plaza located at 1555 Camino Del Mar in Del Mar, California. DRA Advisors purchased the center from ING Clarion Partners. Del Mar Plaza is a 74,770 square foot lifestyle center located between two major exits from Interstate 5, Via De La Valle to the north and Del Mar Heights Road to the south and is also in close proximity to the Del Mar Racetrack and Fairground.
Palmer Capital Inc is pleased to announce the successful financing of Palm Brook Corporate Center. A joint venture comprised of The Muller Company and Northlight Financial purchased the property in an off-market transaction and hired Palmer Capital to arrange acquisition financing. Palm Brook Corporate Center is a 74,718 square foot multi-tenant office building located in Ontario, California. At the time of acquisition the Property was 73.3% leased, Palmer Capital arranged acquisition financing that provided loan proceeds sufficient to complete capital improvements and fund leasing costs to stabilized the Property.
Palmer Capital Inc is pleased to announce the successful recapitalization of Joesler Village, a 74,567 square foot, two-story, eight building, high-end mixed-use office and retail property.
Palmer Capital Inc is pleased to announce the successful recapitalization of Montesa Plaza for Brentwood Development. Montesa Plaza is secured by a 73K square foot destination retail center.
Palmer Capital Inc is pleased to announce the successful close of acquisition financing for the Midtown Reno Portfolio. TDC purchased the property in an off market transaction. The Midtown Reno Portfolio is a 73,496 square foot mixed-use retail and office portfolio located in Reno, Nevada. The high-leverage acquisition bridge loan includes future loan advances for leasing costs.
Palmer Capital Inc is pleased to announce the successful sale of One Airport Center. Bluett Associates purchased the property from J&R Group. One Airport Center is a 73,304 square foot office property located in Portland, OR. The property is located adjacent to the Portland International Airport on land leased from the Port of Portland.
Palmer Capital Inc is pleased to announce the successful financing for the construction of the Shops at AMC Palm Promenade. Palmer Capital exclusively represented Citivest and Hutensky in its negotiations with the lender. The Shops at AMC Palm Promenade is a to be developed Burlington Coat anchored retail center in San Diego, California. The project was over 80% pre-leased at the time of initial funding.
Palmer Capital Inc is pleased to announce the successful recapitalization of 543 Howard, a 73,000 square foot, Tier 1 creative office building located in the South Financial District of San Francisco that is substantially leased to a single tenant with a long term lease. RFT, LLC refinanced the property with a long term fixed rate CMBS loan arranged by Palmer Capital.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Corporate Terrace in Lafayette, California. A joint venture of Glenborough Corporation and Henderson Global Investors purchased the property from TA Associates Realty. Corporate Terrace is a three building office complex located in Lafayette, California, one of the most exclusive areas in Northern California with close proximity to San Francisco and Oakland.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Park Plaza in Sacramento, California.TA Associates Realty purchased the property from Equity One, Inc. Park Plaza is a 72,649 square foot office asset located in the heart of Sacramento's Central Business District.
Palmer Capital Inc is pleased to announce the successful sale of 2650 Camino Del Rio North. Shopoff Realty purchased the property from Terra Enterprises. 2650 Camino Del Rio North is a 71,450 square foot office building located in San Diego. Palmer Capital Inc also financed the multi-tenant office acquisition.
Palmer Capital Inc is pleased to announce the successful sale of Bay Tech North. West Valley Properties purchased the property from Dewey Land Company. Bay Tech North is a 71,404 square foot multi-tenant office building located in the San Francisco Peninsula. The asset boasts an excellent mix of credit rated, government, and tech related tenants.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of the Lasertel Building.Pacific Acquisitions purchased the property from Vast Properties. The Lasertel Building is a 71,059 square foot R&D facility located in Tucson, AZ. The tenant has been in continuous occupancy since the property was built in 1997 and has invested significantly in a specialized build-out.
Palmer Capital Inc. is pleased to announce the successful sale of 625 Market in Downtown San Francisco. Sun Life Advisers purchased the property from New Urban Properties. 625 Market is a 71,000 square foot Class A Office located at the convergence of San Francisco's three dynamic submarkets, has immediate access to the most widely used transportation options and is one of the few buildings with floor plates that mirror the most active office users.
Palmer Capital Inc is pleased to announce the successful completion of initial and future financing for the acquisition and stabilization of Micron Corporate Center. Palmer Capital represented Government Investment Properties in the negotiations with the senior bank lender. Micron Corporate Center is a 69,413 square foot office property in Sacramento's Highway 50 submarket. The property was 82% leased at closing. The property is primarily leased to the County of Sacramento.
Palmer Capital Inc. is pleased to announce the successful refinancing of Legacy Centre located in Seattle, Washington. Palmer Capital Inc represented the property owner, Legacy Partners, in sourcing the senior financing. Legacy Centre is an institutional quality office property located in the Belltown neighborhood of Seattle, Washington. The Property consists of a seven-story professional office building totaling over 69,000 square feet of office space with a ground floor retail component.
Palmer Capital Inc is pleased to announce the successful sale of the Laguna Medical Portfolio in Elk Grove, CA. ARC Healthcare Trust II purchased the property from Jackson Properties. Laguna Medical Portfolio is a two building, ±68,000 square foot Medical Office portfolio located in a high growth submarket of the Sacramento MSA. The major tenants are UC Davis Medical Group and Dignity Health.
Palmer Capital Inc is pleased to announce the successful financing of 111 Pacifica in Irvine, California. Swift acquired the asset in an all-cash transaction and placed the finance post close. 111 Pacifica is a 67,496 square foot office building well located near the Irvine Spectrum in Orange County.
Palmer Capital Inc is pleased to announce the successful sale of Atrium West. A private investor purchased the property from HighBrook Investment. Atrium West is a 67,389 square foot office building located in Tigard, OR within the Portland MSA. The Class "A" multi-tenanted office building is located within an Opportunity Zone and was 75% leased at the time of sale with a WALT of 4.5 years.
Palmer Capital Inc is pleased to announce the successful refinance of Covington Place, a 98% leased, 67,000 square foot mixed use office and retail property located in Covington, Washington. Ashton Capital developed the Property in 2003.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Plaza West. Highbrook Investment purchased the property from Sun Life Investment Management. Plaza West is a five story, 66,463 square foot office building located in Tigard, Oregon. Plaza West is located off of Highway 217, adjacent to the high-end Washington Square mall.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Agoura Hills Center located in Agoura Hills, California. The Palmer Team facilitated the sale for Pacifica Real Estate Group and the property was acquired by a private investor in a 1031 exchange. Agoura Hills Center is a two-story, Class-A office building totaling 66,272 square feet and is strategically located at the base of the Santa Monica Mountains off the Pacific Coast Highway on the western edge of Los Angeles County.
Palmer Capital Inc is pleased to announce the successful close of financing for the acquisition of Pacheco Plaza. Palmer Capital represented Crow Holdings who purchased the property from Kieckhefer Company with the 65% LTV fixed rate loan. Pacheco Plaza is a 65,000 SF, four-building 92% leased retail center center off the 101 Freeway in the south end of Novato, CA.
Palmer Capital Inc is pleased to announce the successful close of financing for the Husqvarna HQ Building. Palmer Capital represented Rich Uncles NNN REIT, Inc, who purchased the property from ABMAR GK #1 LLC with a 55% LTV fixed rate loan. Husqvarna HQ, built in 2011, is a 64,637 SF single story industrial concrete tilt-up building. It is just off Highway 77 on the north end of Charlotte, NC and is 100% occupied by Husqvarna.
Palmer Capital Inc is pleased to announce the successful sale of Westgate North, which is a 62,577 square foot retail center located in Tacoma, WA. Donahue Schriber purchased the property from Crow Holdings. The center is shadow anchored by Safeway and Ace Hardware.
Palmer Capital Inc is pleased to announce the successful sale of Sequoia Commerce Park. Lance-Kashian & Company purchased the property from Cisterra Development. Sequoia Commerce Park is a 61,492 square foot office property located in Visalia, CA that was 100% leased at the time of sale.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Valencia Atrium in Valencia, CA. Vectra Management Group purchased the property from a Tenant In Common entity managed by Birtcher Anderson Realty. Located in north Los Angeles County, Valencia Atrium is an institutional-quality, three story multi-tenanted office building totaling 60,335 square feet.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of 1010 McDowell in Phoenix, Arizona. Centum Health Properties and Signature Partners purchased the property from Sun Life Investment Management. 1010 McDowell is a six story, 60,299 square foot medical office building located across the street from Banner University Medical Center, one of the largest hospitals in the state of Arizona.
Palmer Capital Inc. is pleased to announce the successful refinancing of 1414 K Street. Palmer Capital represented AKT Investments in the transaction. 1414 K Street is a recently renovated, 92% occupied, 60,000 square foot, historic Class B office property adjacent to the Sacramento Convention Center.
Palmer Capital Inc is pleased to announce the successful sale of Del Paso Marketplace. Phillips Edison & Company purchased the property from Buzz Oates Real Estate. Del Paso Marketplace is a 59,796 square foot grocery anchored center located in the Natomas submarket north of downtown Sacramento. Sprouts anchors the center, which was 90% leased at closing.
Palmer Capital Inc is pleased to announce the successful sale of Harmony Marketplace. Palmer Properties purchased the property from ACF Property Management. Harmony Marketplace is a 59,000 square foot neighborhood shopping center shadow anchored by Safeway. The Property is located in the primary retail node of Fort Collins.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Plaza Rancho del Oro, located at 4120 Oceanside Boulevard in Oceanside, California. Oceanside is located approximately 30 miles north of San Diego. A&C Properties of Phoenix purchased the property from Southern California-based Westrust. Plaza Rancho del Oro is A&C's first acquisition in Southern California. Plaza Rancho del Oro is a 58,668 square foot grocery-anchored shopping center situated in a dense in-fill location. The center was nearly 99% occupied at the time of sale and is anchored by Albertson's and Long's Drug (NAP).
Palmer Capital Inc is pleased to announce the successful sale of Village at Double Diamond. City Sunstone Properties purchased the shopping center from Situs Holdings. Village at Double Diamond is a ±58,000 square foot Smith's Food & Drug shadow anchored retail center located in Reno, Nevada.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Westmount Place, the Drug Enforcement Agency's (DEA) headquarters for the agency's Phoenix Division. Boyd Watterson purchased the property from Mark IV Capital. Westmount Place is a 57,915 square foot office asset with specialized improvements designed specifically to meet the DEA's unique requirements. In addition to the DEA, the U.S. Customs and Border Patrol is also a tenant within the facility.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of the Stonestown Medical Building. Brentwood Capital Partners and Harrison Street Real Estate purchased the property from General Growth Properties. The Stonestown Medical Building is a 54,131 square foot medical office building located in San Francisco, adjacent to the top performing Stonestown Galleria Mall and San Francisco State University.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of 1050 Northgate. Union Property Capital purchased the property from Heitman Real Estate. 1050 Northgate is a 53,569 square foot medical/office building located in San Rafael, CA. The property is strategically located one block away from Highway 101, adjacent to the Northgate Mall within the San Rafael/Larkspur submarket, and 25 minutes from Downtown San Francisco.
Palmer Capital Inc is pleased to announce the successful closing of St. George Medical Center. Dylan Investments purchased the property from US Bank. St. George Medical Center is a 52,700 square foot medical office building located in Carmichael, California, directly adjacent to Dignity Health's Mercy San Juan Medical Center.
Palmer Capital Inc is pleased to announce the successful recapitalization of Pleasanton Square II. A life insurance company refinanced the property for Reynolds & Brown. Pleasanton Square II is a 52,019 square foot grocery-anchored retail project located in Pleasanton, CA.
Palmer Capital Inc is pleased to announce the successful financing of Elliot Plaza. Palmer Capital represented Sterling Organization in the transaction with a new bridge lender relationship. Elliot Plaza is a 50,678 square foot retail asset located in Seattle, WA. The Property is occupied by Staples and AAA.
Palmer Capital Inc is pleased to announce the successful refinance of 2550 Hanover. An insurance company financed the property for R&H Oakmead Solar JV. 2550 Hanover is a 50,215 square foot Class A office building located in Palo Alto, CA within the Stanford Research Park.
Palmer Capital Inc is pleased to announce the successful sale transaction of 155 North Rosemont Boulevard located in Tucson, Arizona. West Coast Capital purchased the property from Bourn Companies & Thackeray Partners. 155 North Rosemont Boulevard is a 50,000 square foot office building located in the Williams Centre Submarket of Tucson, Arizona. The property was leased to two tenants with mid to short term remaining lease terms.
Palmer Capital Inc is pleased to announce the successful closing of 260 California Street in San Francisco. Swift Realty Partners purchased the property from Sakti Corporation. 260 California Street is a 50,000 square foot Class A office building. It represents one of the finest historical buildings in San Francisco.
Palmer Capital Inc is pleased to announce the successful transaction of Natomas Village. Westwood Financial purchased the property from LNR Partners, LLC. Natomas Village is a ±50,000 square foot community retail center located at the heavily traveled intersection of Truxel Road and Gateway Park Drive in Natomas.
Palmer Capital Inc is pleased to announce the successful acquisition financing of 225 Colorado. Barker Pacific Group engaged Palmer Capital on an exclusive basis to arrange structured bridge financing from a bank for the acquisition and renovation of a seven story Historic office building in Pasadena, CA. The building was built in 1912, 92.6% occupied and totaled 49,850 square feet.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of the Pointe at Bridgeport, a 48,488 square foot, best-in-class community retail center in Portland, Oregon. Crow Holdings purchased the property from Bridge Real Estate. Palmer Capital also arranged the financing for the center, which is immediately adjacent to Bridgeport Village, the region's preeminent lifestyle center.
Palmer Capital Inc is pleased to announce the successful close of financing for the acquisition of the Olivera Crossing. Sterling Organization purchased the property from a private owner. The Olivera Crossing is a 47,571 square foot, Planet Fitness anchored center located in Concord California. Palmer Capital arranged acquisition financing with fixed rate bank financing with future funding for tenant improvements and leasing cost.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Desert Glen Shopping Center in Glendale, Arizona. ACF Property Management and GDA Real Estate Services purchased the center from A & C Properties. Desert Glen Shopping Center is a newly constructed retail center anchored by Henry's Farmers Market (a division of Wild Oats Foods) and shadow-anchored by both Kohl's and Big 5 Sporting Goods.
Palmer Capital Inc is pleased to announce the successful Sale of 24 Hour Fitness-Beaverton. American Realty Capital Properties purchased the property from Thompson National Properties. 24 Hour Fitness-Beaverton is a 45,172 square foot free-standing Fitness Center located in Beaverton, Oregon.
Palmer Capital Inc is pleased to announce the successful financing of the WCI Cable Headquarters Building. Palmer Capital represented Minnesota-based Olympus Ventures in the transaction with a large conduit loan originator. The WCI Cable Building is a 43,375 square foot three-story office property and telecommunications Network Operations Control Center located in Hillsboro, Oregon's Silicon Forest.
Palmer Capital Inc is pleased to announce both the successful joint venture equity and senior debt placement for the acquisition of 944 Market. 944 Market is an eight-story 43,372 square foot retail and office building located on Market Street in San Francisco, California.
Palmer Capital Inc is pleased to announce the successful sale of the In-Shape Fitness Center in Modesto, CA. Spirit Realty Capital purchased the property from In-Shape Health Clubs. In-Shape Fitness Center-Modesto is a 43,000 square foot free-standing Fitness Center located in Modesto, CA.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of the Fountaingrove Medical Building. Vukota Capital Management purchased the property from Simons & Woodard. Fountaingrove Medical Building is a 42,148 square foot medical office building located directly across the street from the Kaiser Permanente hospital in Santa Rosa. The medical tenants at Fountaingrove Medical Building represent a broad range of medical specialties from ophthalmology and cardiology to endodontics.
Palmer Capital Inc is pleased to announce the successful sale of Eureka Ridge Plaza. Ethan Conrad Properties purchased the property from LNR Partners, LLC. Eureka Ridge Plaza is a ±40,000 square foot high visible, e-commerce resistant retail center located in Roseville, California. The center is strategically positioned in a high demographics area, at one of the most recognizable intersections in the market.
Palmer Capital Inc is pleased to announce the successful sale transaction of Campus Commons Medical Center located at 2 Scripps Drive. Morvai / SF Properties purchased the property from University Capital. Campus Commons Medical is a ±40,000 square foot medical office building located in the Campus Commons submarket of Sacramento.
Palmer Capital Inc is pleased to announce the successful sale of the Foster City Medical Pavilion. Vukota Capital Management and Harrison Street Real Estate purchased the property from Swift Real Estate Partners. Foster City Medical Pavilion is a 39,842 square foot Medical Office property located in the San Francisco Peninsula city of Foster City. The property was approximately 76% leased at the time of sale.
Palmer Capital Inc is pleased to announce the successful sale of the Corning Building. Han's Holdings LLC purchased the property from Sand Hill Properties. The Corning Building is a 39,311 square foot Office/R&D located in the highly desirable Sunnyvale submarket of the Silicon Valley. The recently renovated building is fully leased by Corning Research & Development which took occupancy in March 2017.
Palmer Capital Inc. is pleased to announce the successful sale of Pleasant Grove Pointe. Crow Holdings Capital purchased the 39,000 square foot retail center located in Roseville, CA from Alleghany Properties. The highly trafficked shopping center features six restaurants and was 100% occupied at the time of sale.
Palmer Capital Inc is pleased to announce the successful sale of UCD Medical Folsom. American Realty Capital purchased the property from Spence Enterprises. UCD Medical Folsom is a 36,911 square foot medical office property fully leased to UC Davis Medical Group and located in Folsom, CA.
Palmer Capital Inc is pleased to announce the successful capitalization for Safeway Vistosa. Safeway Vistosa, built in 1999, is a 34,770 SF single story retail center. It is located in the Oro Valley region of Tucson, AZ.
Palmer Capital Inc is pleased to announce the successful financing of The Flatiron Building in San Francisco, CA. Cypress Capital acquired the property in Cypress Capital's first mainland US acquisition. The financing arranged by Palmer Capital was used to finance both the acquisition as well as leasing costs and capital expenditures to stabilize the Property. The Flatiron Building is a 32,094 square foot landmarked office building located in at the intersection of Market, Sansome, and Sutter Streets in San Francisco.
Palmer Capital Inc is pleased to announce the successful sale of 1000 Kay. BRAD Management purchased the property from David Taylor Interests and CIM. 1000 Kay is a 31,901 square foot urban retail asset located in Downtown Sacramento. The multi-story retail property is located only a few blocks from the new Sacramento Kings arena.
Palmer Capital Inc is pleased to announce the successful sale of Petaluma Gateway shopping center. A private investor purchased the property from Keenan Land. Petaluma Gateway is a 30,137 square foot retail center located in Petaluma, CA. The center is shadow anchored by a Lucky grocery store and is located just off of Highway 101.
Palmer Capital Inc is pleased to announce the successful sale of the Sprint Building. Health Investments, LP purchased the property from Birtcher Anderson.The Sprint Building is a 29,918 square foot research and technology lab located in Burlingame, CA. The property is fully leased to Sprint.
Palmer Capital Inc is pleased to announce the successful sale of Woodcreek Village. A private investor purchased the property from ACF Property Management. Woodcreek Village is a ±29,000 square foot neighborhood shopping center shadow anchored by Raley's and located in a growing, affluent demographic area.
Palmer Capital Inc is pleased to announce the successful Acquisition Financing of The Penumbra Building in Alameda, CA. Rago Development purchased the property from Dollinger Properties. The Penumbra Building is a 28,317 square foot Single Tenant Office Building located in Alameda, CA. The building was leased to Penumbra on a long term lease. Rago Development purchased the property with a long term fixed rate loan issued by a conduit lender and arranged by Palmer Capital.
Palmer Capital Inc is pleased to announce the successful sale of 1094 West Maude in Sunnyvale, CA. Deerfield Realty purchased the property from Ridge Capital. 1094 West Maude is an office property that is fully leased to Synopsys and located at the heart of Silicon Valley.
Palmer Capital Inc is pleased to announce the successful financing of Northpoint Plaza. A CMBS lender provided a $5,350,000 loan. Northpoint Plaza is a first class office building located in Los Gatos, California.
Palmer Capital Inc is pleased to announce the successful refinance of 564 6th Street. Guardian Capital had purchased the property in December 2012. 564 6th Street is a single-tenant, two-story creative office building composed of 17,500 square feet of space located in the Lower South of Market district of San Francisco that is leased to a contractor with the city of San Francisco.
Palmer Capital Inc is pleased to announce the successful construction financing of 2100 Sugarmont. A Partnership comprised of Boulder Ventures and Cottonwood Residential joint ventured a fully entitled residential project located in the in-fill Sugar House District of Salt Lake. The subject loan financed the construction of 341 unit Class A High-rise market rent apartment community. 2100 Sugarmont is located immediately adjacent to the S line Fairmont Station, first class retail and exceptional ammenities.
Palmer Capital Inc is pleased to announce the successful arrangement of a construction loan for Cottonwood on Broadway. Cottonwood Residential engaged Palmer Capital to source the construction financing for a 254 unit Class A market rent apartment community in Downtown Salt Lake City.
Palmer Capital Inc is pleased to announce the successful arrangement of a construction loan for Park Avenue. A Partnership comprised of Sentinel Development and Cottonwood Residential joint ventured a fully entitled residential project located in the in-fill Sugar House District of Salt Lake. The subject loan financed the construction of 235 unit Class A High-rise market rent apartment community. Palmer Capital sourced an unique bank loan which was this lender's first completed loan in the State of Utah.
Palmer Capital Inc is pleased to announce the successful arrangement of a construction loan for Upper West. Boulder Ventures engaged Palmer Capital to source a construction loan for the development. The subject loan financed the construction of a 207 unit market rent apartment community.
Palmer Capital Inc is pleased to announce the successful recapitalization of Marina Square. The property to be built is a $100MM+ mixed-use development, including a 125-room hotel, 145-unit apartment, and 382-stall subterranean parking structure. Marina Square is located directly on the waterfront with high-speed ferry service to downtown Seattle.
Palmer Capital Inc is pleased to announce the successful sale of Vista Station. Boyer Company purchased the property from Boulder Ventures. Vista Station is a 145 acre transit oriented mixed-use project consisting of corporate office, office campuses, retail, multi-family and other commercial uses. The sale included approximately 82 acres of developable land. The centerpiece of the project is an eBay corporate campus (NAP).
Palmer Capital Inc is pleased to announce the successful arrangement of a construction loan for Hygge (formerly Hoyt 20). SKB engaged Palmer Capital to find the construction loan for a 60 unit market rent apartment community. Palmer Capital sourced a life company loan for the developer.
Palmer Capital Inc is pleased to announce the successful bank construction financing of Dixon Place for the developer, Lowe Properties. The property to be built is a 59-unit Class A apartment project in the Sugar House District of Salt Lake City. Dixon Place is located immediately adjacent to the S line Fairmont Station, first class retail and exceptional amenities.