Sunset Ridge Apts

According to Diana Grootonk, CEO of Myers, the company will be adding 27,000 square feet of two-story, high-image office space to the property to bring the total square feet to approximately 240,000. "Despite the current downturn, our company elected to consolidate three different buildings under one roof to provide for greater efficiencies, take advantage of today's commercial real estate prices and the current interest rates," Grootonk says. Myers bought the building from TA Associates Realty, with Mark Zorn and Tal Siglar of DAUM's Ontario office representing the seller.


Mor Furniture

Garcia notes that the property generated 17 offers and that the sale closed in two weeks on a non-contingent basis.

Built in 1973, Sunset Ridge Apartments features 60 one-bedroom/one-bath units, 64 two-bedroom/one-bath apartments, 35 two-bedroom/one-bath townhomes, 64 two-bedroom/two-bath apartments, 20 three-bedroom/two-bath units and eight four-bedroom/two-bath apartments. This unit mix is not duplicated anywhere else in the submarket, according to Marcus & Millichap.

In the Murrieta retail lease, Mor Furniture For Less has signed a five-year lease for a 38,000-square-foot freestanding building at 39825 Avenida Acacias that formerly was occupied by Wickes Furniture. The building is at Home Center Murrieta, a 22-acre center comprising 235,000 square feet of furniture and home decor stores along the I-215 Freeway near the I-215's connection with the I-15 Freeway.

Mor Furniture is one of the country's fastest-growing furniture companies, with 15 showrooms and 10 warehouses, according to brokers from Wilson Commercial Real Estate who negotiated the deal. Shauna Mattis of Wilson and Brian Bielatowicz of Lee & Associates represented the building owner, with Vic Gausepohl of Colliers International representing the tenant. Other tenants at Home Center Murrieta, which is 85% leased, include Linder's, Easy Life Furniture, Sit 'n Sleep and Plummers.

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