MISSION VIEJO, CA—Trabuco Hills Pads LLC, anaffiliate of Webb Management & InvestmentsLLC, has sold threeoutparcel retail pads totaling 24,250square feet at Trabuco Hills Shopping Center,a 132,376-square-foot grocery-anchored retail center here,to C3 Properties LLC for $15.1 million.The pads are located at 27785, 27845 and 27865 SantaMargarita Pkwy. and were purchased free and clear ofexisting debt. HFF's investment-sales teamled by CJ Osbrink and NickFoster marketed the property on behalf of the seller,while Trevor Harris, MattCrawford and JimWellbaum of TriwellProperties represented the buyer.
GREENWOOD VILLAGE, CO—KBS REIT II Inc. hassold Crescent VIII, afour-story office building containing82,265 rentable square feet on approximately 4.2 acres of landhere, to an unnamed buyer for $17.3 million. The price per squarefoot was approximately $199. In connection with the disposition,the REIT repaid $8.6 million of the outstanding principal balancedue under a portfolio mortgage loan that was partially secured byCrescent VIII.
VISTA, CA—After purchasingand repositioning theproperty, SR Commercial has sold a128,531-square-foot, class-A industrial asset at 2611 Business ParkDrive here for $13.6 million sale to KI-Vista-LPSMLLC. SR Commercial acquired the property in February 2013for $79 per square foot and sold it for $105.50 per-square-footafter implementing a strategic rehab and repositioningplan. Joe McDermott, RonKing and BobWillingham of Cushman &Wakefield represented the seller. The buyer wasrepresented by Colliers International. Thebuyer secured a lease during escrow withEscondido-based Stone Brewing Co. forits new national distribution center.
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