Cassidy Turley BRE Commercial Announces Recent Transactions - March 17, 2011

Published on March 17, 2011

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SAN DIEGO – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced the following transactions:

Sales
PVP Lapeer, LLC purchased a 14,550-square-foot retail building at 571 South Main Street, in Lapeer, Michigan, from Lapeer Green, LLC for $6.67 million. Walgreens is the current tenant in the building. Matt McNeill of Cassidy Turley BRE Commercial represented the buyer in the transaction. The seller’s representation was undisclosed.

PVP Tecumseh, LLC purchased a 13,580-square-foot retail building at 1330 West Chicago Boulevard, in Tecumseh, Michigan, from Tecumseh Green, LLC for $4.86 million. Walgreens is the current tenant in the building. Matt McNeill of Cassidy Turley BRE Commercial represented the buyer in the transaction. The seller’s representation was undisclosed.

Mike Burnett purchased a 2,078-square-foot retail building at 811 25th Street from the City of San Diego for $677,000. Joe Yetter, Mike Clark and Brent Williams of Cassidy Turley BRE Commercial represented both the seller and buyer in the transaction.

Baja Banana, Inc. purchased a 1,859-square-foot office building at 1556 Lancaster Point Way from Otay Mesa Owner, LLC for $316,000. Phil Linton, Darren Mullins and Erik Parker of Cassidy Turley BRE Commercial represented the seller in the transaction. Regan Tully of Cassidy Turley BRE Commercial represented the buyer.

Leases
Big Dog Ventures, LLC leased 8,064 square feet of office space for 10 years at 2143-2147 San Diego Avenue from PV Old Town c/o PacVentures, Inc. for $2 million. Jack Kruger and Dave Odmark of Cassidy Turley BRE Commercial represented the lessor in the transaction. Scott Unger of Charles Dunn Real Estate Services represented the lessee.

Five Guys Burgers and Fries leased 2,800 square feet of retail space for 10 years at 2690 Tuscany Street, Suites 106 and 107, in Corona, from Castle & Cooke for $712,320. Phil Lyons, Bruce Schiff and Chad Iafrate of Cassidy Turley BRE Commercial represented the lessor in the transaction. David Bradley of Cushman & Wakefield represented the lessee.

Mr. O’s BBQ leased 10,954 square feet of retail space for five years at 1356 West Valley Parkway, Suites A and B, in Escondido, from GDA Real Estate Services, LLC for $624,378. Phil Lyons, Bruce Schiff and Andrew Peterson of Cassidy Turley BRE Commercial represented the lessor in the transaction. Michael Crone of James Crone & Associates represented the lessee.

Fix Auto USA leased 2,212 square feet of office space for three years at 12526 High Bluff Drive, Suite 230, from Plaza Holdings, Inc. for $177,210. Bill Cavanagh of Cassidy Turley BRE Commercial represented the lessee in the transaction. Chris High of Cushman & Wakefield represented the lessor.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,000 professionals in 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services with local San Diego market leader Cassidy Turley BRE Commercial. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded nearly $1.2 billion in transactions in 2010. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.

Lesley-Joann Kolb

858.625.5244

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