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North Bay Business Journal

Monday, April 28, 2014, 6:00 am

Top North Bay commercial real estate deals and deal-makers

Largest leases and sales from the second quarter of 2013 through the first quarter of 2014

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    The “Top Deals and the People Who Made Them Happen” represent the top leases and sales in Marin, Napa, Solano and Sonoma counties. They are based on submissions by brokerages and Business Journal research. Sales and leases are listed separately by county.

    Marin County leases

    Hamilton Landing, 9 Hamilton Landing, Stes. 100 & 200, Novato

    • Size: 45,692 square feet
    • Tenant: Visual Concepts Entertainment, Inc.
    • Procuring agent: Haden Ongaro, Brian Eisberg and Mark Carrington of Cornish & Carey Commercial Newmark Knight Frank
    • Owner: Barker Pacific Group
    • Listing agent: Scott Ginsburg of Hugh Marino, Inc.
    • Signed: Oct. 28, 2013

    This tenant occupied all of Hangar 10 and expanded into the majority of neighboring Hangar 9 after Disney’s lease expired. This large expansion is significant as it illustrates the health and vibrancy of Marin County’s console gaming content provider industry. We have had other notable expansions at Hamilton Landing most of which are all game industry tenants.

    60 Leveroni Ct., Novato

    • Size: 43,517 square feet
    • Tenant: Ultragenyx Pharmaceutical
    • Procuring agent: Brian Foster and Steve Leonard of Cassidy Turley
    • Owner: Condiotti Enterprises, Inc.
    • Listing agent: Haden Ongaro and Mark Carrington of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: March 31, 2014

    On the back of an extremely successful IPO in late January, Ultragenyx Pharmaceutical exercised its expansion right, doubling its space and leasing the balance of 60 Leveroni Ct., according to Cornish & Carey Commercial Newmark Knight Frank. The company plans to double staff to 120 over 12 months. [See "Ultragenyx plans to double Marin staff," March 31.]

    Hamilton Landing, 7 Hamilton Landing, Novato

    • Size: 41,881 square feet
    • Tenant: Raptor Pharmaceutical Corp.
    • Procuring agent: Haden Ongaro, Brian Eisberg and Mark Carrington of Cornish & Carey Commercial Newmark Knight Frank
    • Owner: Barker Pacific Group
    • Listing agent: Haden Ongaro, Brian Eisberg and Mark Carrington of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: Nov. 1, 2013

    In late 2012, Raptor Pharmaceutical was anticipating a strong growth and was about to enter in its drug development and marketing phase, and the former Disney ImageMovers Digital space at Hamilton Landing was extremely attractive to Raptor, according to Cornish & Carey Commercial Newmark Knight Frank. In the course of negotiation and buildout, Raptor expanded its initial requirement from 20,000 square feet to 40,000 square feet.

    Raptor will soon have increased its leased space by over 500 percent since the end of 2012, according to the brokers. Raptor’s strong growth in Novato is representative of the city as a significant biotechnology research and development center. [See "Raptor to relocate headquarters to Hamilton," May 13, 2013.]

    1001 Fourth St., San Rafael

    • Size: 39,360 square feet
    • Tenant: Body Kinetics, LLC
    • Procuring agent: Sean Aguilar, CCIM
    • Owner: Two Peas In A Pod, LLC
    • Listing agent: Haden Ongaro, Mark Carrington and Berk Jones of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: Aug. 27, 2013

    Body Kinetics replaced another health club at the location.

    654 Irwin St., San Rafael

    • Size: 12,500 square feet
    • Tenant: Tesla Motors, Inc.
    • Procuring agent: Jack Novatney of SRS Real Estate Partners
    • Owner: Dharma Trading Company
    • Listing agent: Nathan Ballard and Theo Banks of Keegan & Coppin Co., Inc./ONCOR International
    • Signed: July 1, 2013

    27 Simms St., San Rafael

    • Size: 10,686 square feet
    • Tenant: Just Carpets
    • Procuring agent: Nathan Ballard and Theo Banks with Keegan & Coppin Co., Inc./ONCOR International
    • Owner: Jay-Tee Supply Company, Inc.
    • Listing agent: Jerry Suyderhoud of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: May 28, 2013

    3950 Civic Center Dr., Ste. 200 & 240, San Rafael

    • Size: 8,193 square feet
    • Tenant: Marin General Hospital
    • Procuring agent: Jeffrey Wilmore of Keegan & Coppin Co., Inc./ONCOR International
    • Owner: Broadreach Capital Partners
    • Listing agent: Trevor Buck & Brian Foster of Cassidy Turley
    • Signed: May 1, 2013

    49 Larkspur St., San Rafael

    • Size: 7,472 square feet
    • Tenant: Affordable Autobody
    • Procuring agent: Ron Martinez of Coldwell Banker Residential Brokerage
    • Owner: Jill Knowlton, GST Trust
    • Listing agent: Matt Wagner of Keegan & Coppin Co., Inc./ONCOR International
    • Signed: July 8, 2013

    46 Hamilton Dr., Stes. D, E, F, G & H, Novato

    • Size: 5,700 square feet
    • Tenant: Alfaman
    • Procuring agent: Nathan Ballard and Theo Banks of Keegan & Coppin Co., Inc./ONCOR International
    • Owner: Suzanne Daily
    • Listing agent: Nathan Ballard and Theo Banks of Keegan & Coppin Co., Inc./ONCOR International
    • Signed: Oct. 23, 2013

    Marin County sales


    The Cove, Tiburon

    The Cove, 50 Barbaree Way, Tiburon

    • Size: 284 housing units
    • Buyer: RP Maximus Cove Owner, LLC
    • Procuring agent: Stan Jones, Philip Saglimbeni and Sal Saglimbeni of Marcus & Millichap
    • Seller: DLC Sequoia Park City; DLC Sequoia Park City II; Greenery Apartments; R Ryder-Cove, LLC; Tracey Cove, LP
    • Listing agent: Stan Jones, Philip Saglimbeni and Sal Saglimbeni of Marcus & Millichap
    • Sold: Dec. 4, 2013
    • Sale price: $138,000,000

    San Rafael Corporate Center, San Rafael

    • Size: 315,000 existing square feet on 13 acres
    • Buyer: California Corporate Center Acquisition, LLC
    • Procuring agent: Colliers International
    • Seller: SR Corporate Center Phase One, LLC, and SR Corporate Center Phase Two, LLC
    • Listing agent: Eastdil Secured
    • Sold: March 11, 2014
    • Sale price: $116,500,000

    An affiliate of BioMarin Pharmaceutical purchased of the four-building San Rafael Corporate Center campus to be its new headquarters.

    The developer of treatments for rare diseases relocated its main offices to the property in 2012 and at the time of sale occupied about 40 percent of the existing space, including all of one building and much of another. Existing tenants will remain until their leases expire.

    The company has proposed the construction of an 89,000-square-foot research-and-development building. Also, a 600-space garage is planned.

    The seller was a joint venture of San Rafael-based Seagate Properties and institutional investments managed by J.P. Morgan Asset Management. [See "BioMarin completes $116M purchase of San Rafael HQ," March 11.]

    Shoreline Office Center, Mill Valley

    • Size: 98,652 square feet
    • Buyer: Shoreline Office Center, LLC, and SR Shoreline Exchange, LLC
    • Procuring agent: None
    • Seller: CA-Shoreline Office Center, LP
    • Listing agent: Rob Hielscher and Mike Seifer of Jones Lang LaSalle
    • Sold: Oct. 28, 2013
    • Sale price: $22,250,000

    Basin Street Properties, which owns dozens of office, industrial and retail buildings in Sonoma County, returned to the Marin County office market after an eight-year absence with its affiliates’ purchase of this nearly 100,000-square-foot Richardson Bay-side office complex.

    The seller was an affiliate of Equity Office Properties, which purchased the property in December 2004. [See "Basin Street returns to Marin with purchase," Oct. 24.]

    216 Miller Ave., Mill Valley

    • Size: 18 apartments
    • Buyer: 216 Miller, LLC
    • Procuring agent: n/a
    • Seller: Carmelita Apartments, LLC
    • Listing agent: Erich Reichenbach of Marcus & Millichap
    • Sold: Jan. 22, 2014
    • Sale price: $6,425,000

    Bank of America building, 46a Main St., Tiburon

    • Size: 1,800 square feet
    • Buyer: Mecum Loma Linda, LLC
    • Procuring agent: Alice Chu of Coldwell Banker George Realty
    • Seller: ACV Argo Tiburon, LP
    • Listing agent: Vince Schwab of Marcus & Millichap
    • Sold: Sept. 19, 2013
    • Sale price: $5,850,000

    ACV Argo Tiburon, LP, a joint venture between A&C Ventures, Inc., of Sonoma and Argonaut Investments, LLC, of Corte Madera, in December 2012 purchased 10 downtown Tiburon buildings with 72,000 square feet of retail and office space from a major force for real estate development in the town more than a half-century ago. The bank building was one of the buildings.

    88 Vivian Way, San Rafael

    • Size: 37,800 square feet
    • Buyer: Charlie Kinstler
    • Procuring agent: Matt Storms of Keegan & Coppin Co., Inc./ONCOR International
    • Seller: Julie Nee, et al
    • Listing agent: Matt Storms of Keegan & Coppin Co., Inc./ONCOR International
    • Sold: Oct. 17, 2013
    • Sale price: $4,200,000

    20 Leveroni Ct., Novato

    • Size: 29,442 square feet
    • Buyer: Arena Enterprises, LLC
    • Procuring agent: Matt Storms and Nathan Ballard of Keegan & Coppin Co., Inc./ONCOR International
    • Seller: Karen H. Thompson 2010 Trust
    • Listing agent: Meryl Sebestyen and Mike Lieberman of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: July 16, 2013
    • Sale price: $3,500,000

    Academic Therapy Publications, for more than four decades a national name in producing specialized education and assessment materials for schoolchildren who need help speaking or reading, scaled up its facilities to compete with much larger publishers and be ready for emerging technology for such materials. The family company bought the former headquarters of SPG Solar. [See "Novato publisher of speech-therapy materials expands," Aug. 5.]

    3773 Redwood Hwy., San Rafael

    • Size: 19,656 square feet
    • Buyer: Erich Ziedrich
    • Procuring agent: Healdsburg Sotheby’s International Realty
    • Seller: Abe Froman
    • Listing agent: Jerry Suyderhoud and Jerry Angel of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: Aug. 30, 2013
    • Sale price: $3,500,000

    This was a former Bruener’s furniture store that had been vacant for many years, according to Cornish & Carey Commercial Newmark Knight Frank. A relatively large building with freeway frontage, this building needed a special user to take advantage of it, the agents said.

    Mr. Ziedrich purchased it for his Hudson Street Design home-improvement supply business, which had relocated its Marin County location from Corte Madera to the site in 2011 under lease.

    234 Magnolia Ave., Larkspur

    • Size: 17,295 square feet
    • Buyer: Westshore Investments, LLC
    • Procuring agent: Jerry Angel of Cornish & Carey Commercial Newmark Knight Frank
    • Seller: Gary Schaffer Trust
    • Listing agent: Jerry Angel & Jerry Suyderhoud of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: Nov. 12, 2013
    • Sale price: $3,500,000

    This was an off-market transaction with an all-cash sale after a quick-close escrow period, according to Cornish & Carey Commercial Newmark Knight Frank. The property had deferred maintenance and undermarket rents.

    1530 Center Rd., Novato

    • Size: 23,000 square feet
    • Buyer: Body Kinetics, LLC
    • Procuring agent: Brian Eisberg and David Walwyn of Cornish & Carey Commercial Newmark Knight Frank
    • Seller: Two Peas In A Pod, LLC
    • Listing agent: Brian Eisberg and David Walwyn of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: July 26, 2013
    • Sale price: $2,900,000

    Gym operator Body Kinetics exercised the purchase option in its five-year lease, according to the agents.

    3020 Bridgeway, Sausalito

    • Size: 11,110 square feet
    • Buyer: Vesa Becam Trust
    • Procuring agent: Matt Storms of Keegan & Coppin Co., Inc./ONCOR International
    • Seller: K A & N Industries
    • Listing agent: Matt Storms of Keegan & Coppin Co., Inc./ONCOR International
    • Sold: May 15, 2013
    • Sale price: $2,655,000

    1121–1123 E. Francisco Blvd., San Rafael

    • Size: 10,890 square feet
    • Buyer: Steve Lombardi
    • Procuring agent: Matt Brown of Meridian Commercial
    • Seller: Suzanne Trygsland
    • Listing agent: Theo Banks of Keegan & Coppin Co., Inc./ONCOR International
    • Sold: Aug. 1, 2013
    • Sale price: $1,600,000

    55–59 Larkspur St., San Rafael

    • Size: 12,000 square feet
    • Buyer: 55-59 Larkspur Steet, LLC
    • Procuring agent: Matt Storms of Keegan & Coppin Co., Inc./ONCOR International
    • Seller: Sooper Living Trust
    • Listing agent: Peter Gettner of HL Commercial Real Estate
    • Sold: March 27, 2014
    • Sale price: $1,525,000

    Napa County leases

    201 Devlin Road, Napa

    • Size: 24,992 square feet
    • Tenant: Top It Bottling
    • Procuring agent: Bill Kampton of Colliers International
    • Owner: Devlin Road, LLC (E.R. Hillman Jr.)
    • Listing agent: Michael Moffett of Coldwell Banker Commercial Brokers of the Valley
    • Signed: June 28, 2013

    Two offers arrived quickly for this space, because its size and configuration is “very functional,” according to Coldwell Banker Commercial Brokers of the Valley.

    A major cost in setting up a new custom winery is the equipment to get wine into the bottle, but a Sonoma Valley mobile bottling and filtering company bet it had that covered as it prepared to roll into a new operations hub and blending facility in southern Napa Valley. Instead of spending three-quarters to a few million dollars to install used or new high-speed equipment, Top It Off Bottling planned to back up any of its available mobile bottling rigs to the winery being set up in the former HF Hillman distribution center in south Napa. [See "Custom winery to top off mobile bottler’s new Napa hub," Aug. 19.]

    938 Kaiser Road, Napa

    • Size: 18,000 square feet of warehouse space
    • Tenant: HPD Consolidation, dba Valley Wine Warehouse
    • Procuring agent: Bret DeMartini of Colliers International
    • Owner: Kaiser Road Associates
    • Listing agent: Bill Kampton of Colliers International and Steve Crocker
    • Signed: August 2013

    851 Napa Valley Corporate Way, Ste. G, Napa

    • Size: 6,706 square feet of office/flex space
    • Tenant: JF Hillebrand USA
    • Procuring agent: Tony Binswanger and Brooks Pedder of Colliers International
    • Owner: Carneros I, LLC
    • Listing agent: Cushman & Wakefield
    • Signed: April 2013

    570 Gateway Dr., Napa

    • Size: 4,648 square feet of office space
    • Tenant: Tapp Technologies
    • Procuring agent: Bill Kampton and Steve Crocker of Colliers International
    • Owner: Peter Riechers and Alan Spence
    • Listing agent: Bill Kampton and Steve Crocker of Colliers International
    • Signed: April 2013

    Wine-focused printer Tapp Label expanded its Napa plant.

    120 Dodd Ct., American Canyon

    • Size: 3,000 square feet of light-industrial space subleased
    • Tenant: FRG Waste Resources
    • Procuring agent: Bill Kampton of Colliers International
    • Owner: TLAC Management, LLC
    • Listing agent: Buurma & Strain Commercial Real Estate Services
    • Signed: September 2013

    1957 Sierra Ave., Napa

    • Size: 6,000 square feet
    • Tenant: Tailored Living Choices
    • Procuring agent: Michael Moffett and Chris Yeakey of Coldwell Banker Commercial Brokers of the Valley
    • Owner: Terrance Yoshikawa
    • Listing agent: Michael Moffett of Coldwell Banker Commercial Brokers of the Valley
    • Signed: Dec. 1, 2013

    Tailored Living Choices had been pursuing another space, according to Coldwell Banker Commercial Brokers of the Valley. When the agents heard that this space became available, they seized the opportunity to present it to the developmental challenges help agency.

    110 W. American Canyon Rd., American Canyon

    • Size: 5,259 square feet
    • Tenant: Goodwill Industries of the Redwood Empire
    • Procuring agent: Dave Peterson of Keegan & Coppin Co., Inc./ONCOR International
    • Owner: Canyon Corners, LLC
    • Listing agent: Michael Holcomb of Strong & Hayden
    • Signed: Oct. 15, 2013

    1361 Main St., St. Helena

    • Size: 1,400 square feet
    • Tenant: First American Title Company
    • Procuring agent: Jeff Feeney of Coldwell Banker Commercial Brokers of the Valley
    • Owner: Beard Trust
    • Listing agent: Cathy D’Angelo Holmes and Suzy Pratt Anderson of Coldwell Banker Commercial Brokers of the Valley
    • Signed: Dec. 1, 2013

    First American Title secured rare existing Main Street office space, according to Coldwell Banker Commercial Brokers of the Valley.

    21 & 37 Executive Way, Napa

    • Size: 264,000 square feet
    • Tenant: Sutter Home Winery
    • Procuring agent: Glen Dowling, Chris Neeb and Matt Bracco of Cushman & Wakefield
    • Owner:Whal Properties, LP
    • Listing agent: Glen Dowling, Chris Neeb and Matt Bracco of Cushman & Wakefield
    • Signed: 2013

    677 Hanna Dr., American Canyon

    • Size: 128,700 square feet
    • Tenant: Coca-Cola BCI Bottling, Inc.
    • Procuring agent: Glen Dowling, Chris Neeb and Matt Bracco of Cushman & Wakefield
    • Owner: ICC/Stravinski
    • Listing agent: Glen Dowling, Chris Neeb and Matt Bracco of Cushman & Wakefield
    • Signed: 2013

    80 Technology Ct., American Canyon

    • Size: 207,777 square feet
    • Tenant: Wineshipping.com
    • Procuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Owner: Napa Gateway, LLC
    • Listing agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Signed: 2013

    700 Hanna Dr., American Canyon

    • Size: 109,067 square feet [69,034 square feet leased by Biagi there on July 24?]
    • Tenant: Biagi Bros., Inc.
    • Procuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Owner: ICC/Stravinski
    • Listing agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Signed: 2013

    2545 Napa Valley Corporate Dr., Napa

    • Size: 51,790 square feet
    • Tenant: Ca’Momi and Da Ve Winery
    • Procuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Owner: LBA Realty
    • Listing agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Signed: 2013

    Napa County sales

    Saratoga Downs Apartments and Sheveland Ranch Townhomes, Napa

     

    Saratoga Downs, 2065 Apollo Ct., and Sheveland Ranch, 1100 Elfrada Ct., Napa

    • Size: 124 units and 54 units
    • Buyer: Saratoga Downs Apartments, LLC
    • Procuring agent: Vince Schwab of Marcus & Millichap
    • Seller: SDA Property, LLC
    • Listing agent: Vince Schwab of Marcus & Millichap
    • Sold: May 1, 2013
    • Sale price: $39,500,000

    San Francisco real estate investment firm Ridge Capital Investors, LLC, purchased 54 rental townhomes and a 124-unit apartment complex on the Sheveland Ranch property in south Napa from affiliates of the San Ramon-based developer and manager, Whitecastle Development and Castle Management. [See "Napa housing projects sold for $39 million," April 25.]

    2741–2751 Napa Valley Corporate Dr., Bldgs 1–4, Napa

    • Size: 365,000 square feet
    • Buyer: County of Napa
    • Procuring agent: Bill Kampton of Colliers International
    • Seller: Dey Laboratories, LP
    • Listing agent: Cornish & Carey Newmark
    • Sold: December 2013
    • Sale price: $24,850,000

    In the largest commercial building sale in Napa County, county government completed its acquisition of the 25-acre, four-building former Dey Laboratories campus from Pittsburgh-based Mylan Inc. It will be renovated for a new base of operations for county health services that are expanding because of health care reform and state responsibilities shifting to the county. There is a six- to nine-month design process for a $15 million transformation of 150,000 square feet into offices for the county’s Health and Human Services Agency by mid- to late 2015.

    The remaining 150,000 square feet in two high-clear-height warehouses and a 50,000-square-foot manufacturing “minicampus” are being marketed for lease. [See "County of Napa buys Dey Labs campus," Dec. 20.]

    25 Executive Ct., Napa

    • Size: 24,000 square feet
    • Buyer: Sequoia Investments, LP
    • Procuring agent: Mac Cranford of Cornish & Carey Commercial Newmark Knight Frank
    • Seller: Savoy Corp.
    • Listing agent: Steve Crocker, Tony Crossley, Tim Maas and Erik Hanson of Colliers International
    • Sold: December 2013
    • Sale price: $4,850,000

    The office property was “off market” with a tenant that had a short-term lease, according to Mac Cranford of Cornish & Carey Commercial Newmark Knight Frank. After discussions with the tenant and understanding its business, the buyer was comfortable with its long-term potential occupancy of the building.

    1535 Airport Blvd., Napa

    • Size: 18.58 acres (809,344 square feet)
    • Buyer: McMorgan Northern California and Development Fund I
    • Procuring agent: Brooks Pedder, Phil Garrett, Bill Kampton and Steve Crocker of Colliers International
    • Seller: WCHYP II Greenwood RT, LLC
    • Listing agent: Brooks Pedder, Phil Garrett, Bill Kampton and Steve Crocker of Colliers International
    • Sold: July 2013
    • Sale price: $4,110,765

    San Francisco-based investor for construction trade union pension funds, MNCVAD-Ind Greenwood CA, managed by McMorgan & Company and New York Life Real Estate Investors, made a big statement on prospects for building wine warehouses in Napa Valley. It purchased the 18-acre former Greenwood Commerce Center project near Napa County Airport from a lender. An institutional investor on a speculative Napa Valley project is unusual, according to the agents.

    The first phase would have 228,000-square-foot building and could be started this year. A second 75,000-square-foot building is planned. The projected cost of the project is more than $20 million. [See "Pension fund plans Napa wine warehouses," Sept. 9.]

    1704 Jefferson St., Napa

    • Size: 10,835 square feet of retail space
    • Buyer: David LaMonica
    • Procuring agent: Paul Thomas
    • Seller: John Hutchinson
    • Listing agent: Allan Montonen of Keegan & Coppin Co., Inc./ONCOR International
    • Sold: Dec. 13, 2013
    • Sale price: $1,800,000

    Napa Valley Gateway Business Park, Lot 2, Napa

    • Size: 2.4 acres (104,544 square feet)
    • Buyer: Sonoma Valley Transport, Inc.
    • Procuring agent: Randy Wood of Keegan & Coppin Co., Inc./ONCOR International
    • Seller: NVGL 1
    • Listing agent: Randy Wood of Keegan & Coppin Co., Inc./ONCOR International
    • Sold: Feb. 4, 2014
    • Sale price: $731,920

    Wine trucking company Sonoma Valley Transport, currently leasing a facility in American Canyon, is keeping its plans for the land closely guarded.

    809 Coombs St., Napa

    • Size: 24,000 square feet
    • Buyer: Keller Family Trust
    • Procuring agent: Bill Kampton and Steve Crocker of Colliers International
    • Seller: Dickenson, Peatman & Fogarty
    • Listing agent: Bill Kampton and Steve Crocker of Colliers International
    • Sold: October 2013
    • Sale price: $3,100,000

     

    1055 Soscol Ferry Road, Napa

    • Size: 10.32 acres (449,539 square feet)
    • Buyer: Kinnaird Properties, Inc.
    • Procuring agent: n/a
    • Seller: Acorn 6A Soscol Ferry Road Real Estate LLC
    • Listing agent: Steve Crocker and Bret DeMartini of Colliers International
    • Sold: February 2014
    • Sale price: $1,800,000

    344 Adams St., St. Helena

    • Size: 11,660 square feet
    • Buyer: BDSW Investment Group, LLC
    • Procuring agent: Michael Moffett of Coldwell Banker Commercial Brokers of the Valley
    • Seller: 1344 Adams Street Investors, LLC
    • Listing agent: Jeff Feeney of Coldwell Banker Commercial Brokers of the Valley
    • Sold: Nov. 13, 2013
    • Sale price: $3,700,000

    A group of existing tenants came together to become owner-users, according to the agents. This required “extreme creativity in deal structure, familiarity and cooperation between buyers and sellers,” they said.

    2750 Old Sonoma Rd., Napa

    • Size: 16,595 square feet
    • Buyer: RREI OSR, LLC (Daniel and David Rabb)
    • Procuring agent: Dave Losk of Losk Commercial Real Estate, Inc.
    • Seller: The Hutchinson Family Revocable Trust and Paul A. Hutchinson and Linda J. Hutchinson Revocable Family Trust of 2009
    • Listing agent: Adam Green and Jeff Feeney of Coldwell Banker Commercial Brokers of the Valley
    • Sold: Jan. 31, 2014
    • Sale price: $3,000,000

    The buyers were interested in the property for its upside potential and cap rate, according to Coldwell Banker Commercial Brokers of the Valley. The property went into escrow with another buyer who ultimately canceled. The Rabb’s came back to the table under the same terms as the first buyer. The deal was different than most deals due to the heavy seller carry back and favorable interest rate, which allowed the buyers to invest in the center’s improvements. The property has dual zoning and the residential component had not been developed, which the buyer’s intended to sell off to a developer, allowing the buyer to pay down the note and increase the CAP rate.

    The center was 100% leased with the anchor tenant being Lola’s Market. The sale included 10 residential lots with a tentative map adjacent to the shopping center.

    1005 First St., Napa

    • Size: 4,350 square feet
    • Buyer: Ren Acquisition
    • Procuring agent: Michael Moffett of Coldwell Banker Commercial Brokers of the Valley
    • Seller: Private trust
    • Listing agent: Cathy D’Angelo Holmes and Michael Moffett of Coldwell Banker Commercial Brokers of the Valley
    • Sold: July 25, 2013
    • Sale price: $2,550,000

    This was the site of the Tuscany restaurant at the key downtown Napa corner of First and Main streets. Bounty Hunter Rare Wine & Spirits raised money early this year to acquire the lease for the restaurant. [See "Bounty Hunter inks financial deal for ‘global expansion’," Dec. 18.]

    The new Napa Downtown Specific Plan allows for three stories, so it was a first opportunity to buy not only the land but valuable air space in downtown, according to the agents.

    507 Brown St. & 1120 Oak St., Napa

    • Size: 11,470 square feet (22 units)
    • Buyer: Robert Willson, Thi Le La
    • Procuring agent: Jocelyne Monello of Heritage Sotheby’s International Realty
    • Sellers: James Wall and Melisse Herman
    • Listing agent: Michael Moffett and Jeff Feeney of Coldwell Banker Commercial Brokers of the Valley
    • Sold: Nov. 26, 2013
    • Sale price: $2,450,000

    This deal demanded a lot of hard work and patience due to difficult circumstances, according to Coldwell Banker Commercial Brokers of the Valley. The very desirable 22-unit multifamily property has a central downtown location.

    Vines Business Center, 2511–2515 Napa Valley Corporate Dr., Napa
    Bordeaux Centre, 2545–2557 Napa Valley Corporate Dr., Napa

    • Size: 239,000 square feet
    • Buyer: Lowenberg Corp.
    • Procuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Seller: LBA Realty
    • Listing agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Sold: Oct. 1 and 28, 2013
    • Sale price: n/a ($16,780,000 financed)

    San Francisco-based commercial real estate investor Lowenberg Corp. expanded its North Bay holdings with the purchase of four fully leased south Napa wine warehouses, containing 239,000 square feet of space all together.

    With the purchase of 89,000-square-foot Vines Business Center at 2511–2515 Napa Valley Corporate Dr. and 150,000-square-foot Bordeaux Centre at 2545–2557 Napa Valley Corporate Dr., Lowenberg Corp. now owns 1.1 million square feet in 15 buildings in Napa and Solano counties, making it one of the largest owners of industrial space in the North Bay, particularly in Napa Valley.

    Lowenberg acquired the latest properties in a Section 1031 exchange completed in December. The seller was a fund managed by Irvine-based LBA Realty, which acquired a number of Napa Valley properties with the acquisition of Bedford Property Investors. [See "S.F. investor buys four more Napa warehouses," March 7, 2014.]

    222-240 Gateway Rd. W. and 435-445 Devlin Rd., Napa

    • Size: 78,327 square feet
    • Buyer: MKD City Villas, LLC (PB&J Investments)
    • Procuring agent: None
    • Seller: Gateway Napa I, LLC
    • Listing agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Sold: Nov. 5, 2013
    • Sale price: n/a ($5.8 million financed)

    These two fully leased buildings were built in the early 2000s.

    Solano County leases

    Encore Glass’ building at Solano Logistics Center, Fairfield

    Solano Logistics Center, Bldg. A, Cordelia Road, Fairfield

    • Size: 473,136 square feet and 177,000 square feet
    • Tenant: Saxco International, LLC
    • Procuring agent: Phil Garrett and Jon Quick of Colliers International
    • Owner: Buzz Oates LLC
    • Listing agent: Phil Garrett and Jon Quick of Colliers International
    • Signed: December 2013

    Major Pennsylvania-based alcoholic-beverage packaging distributor Saxco International planned consolidate its Bay Area operations, which have grown rapidly in recent years through several acquisitions and increasing demand from breweries, into a planned Fairfield “megacenter” set to have nearly 11 acres under roof when completed.

    The preleased building, the largest square footage lease deal in the North Bay in the past 12 months, is set to be under construction in the second quarter of this year.

    Saxco also inked a deal for a 177,000-square-foot warehouse planned next door at the development. [See "Packaging supplier plans Fairfield 'megacenter'," Jan. 13.]

    Solano Logistics Center, 2925 Cordelia Road, Fairfield

    • Size: 318,402 square feet
    • Tenant: Encore Glass Inc.
    • Procuring agent: Phil Garrett and Jon Quick of Colliers International
    • Owner: Buzz Oates LLC
    • Listing agent: Phil Garrett and Jon Quick of Colliers International
    • Signed: August 2013

    This deal got the massive Solano Logistics Center project rolling in spring 2013 by preleasing the first building to a wine bottle supplier. The building was completed in the first quarter of this year.

    5001 Industrial Rd., Benicia

    • Size: 180,000 square feet
    • Tenant: Saxco International, LLC
    • Procuring agent: Phil Garrett, Jon Quick & Brooks Pedder of Colliers International
    • Owner: 5001, LLC
    • Listing agent: Phil Garrett, Jon Quick & Brooks Pedder of Colliers International
    • Signed: October 2013

    As it plans for its Fairfield logistics center, Saxco International inked an interim deal.

    400 Crocker Dr., Vacaville

    • Size: 177,000 square feet
    • Tenant: Pacific Cycle, Inc.
    • Procuring agent: Bret DeMartini of Colliers International
    • Owner: Mark III Builders
    • Listing agent: Jon Quick of Colliers International; Jones Lang LaSalle
    • Signed: February 2014

    Pacific Cycle renewed its warehouse lease and added more space.

    5160 Fulton Drive, Fairfield

    • Size: 60,000 square feet
    • Tenant: S.T. Johnson Co.
    • Procuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Owner: Eric Benson
    • Listing agent: n/a
    • Signed: 2013

    The company relocated from the East Bay.

    2260 Cordelia Rd., Fairfield

    • Size: 33,000 square feet
    • Tenant: Agfa Corporation
    • Procuring agent: Cornish & Carey Commercial Newmark Knight Frank
    • Owner: Blake Properties
    • Listing agent: Matt Bracco, Glen Dowling and Chris Neeb of Cushman & Wakefield
    • Signed: June 1, 2013

    Agfa relocated its Solano County distribution warehouse to this location.

    6200 Goodyear Rd., Benicia

    • Size: 13,000 square feet of industrial space
    • Tenant: CentiMark
    • Procuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & Wakefield
    • Owner: Indcor Properties
    • Listing agent: Colliers International
    • Signed: May 20, 2013

    Solano County sales

    2700 Maxwell Way, Fairfield

    • Size: 86,960 square feet in a manufacturing buidling
    • Buyer: S&T Real Estate Group, LLC
    • Procuring agent: Lee & Associates
    • Seller: Harry Arnold
    • Listing agent: Phil Garrett and Brooks Pedder of Colliers International
    • Sold: April 2013
    • Sale price: $6,200,000

    1001-1017 First St., Benicia

    • Size: 9,921 square feet in an office building
    • Buyer: n/a
    • Procuring agent: Phil Garrett and Jon Quick of Colliers International
    • Seller: Albert G. Morgan
    • Listing agent: Phil Garrett and Jon Quick of Colliers International
    • Sold: May 2013
    • Sale price: $2,150,000

    4620 Westamerica Dr., Fairfield

    • Size: 12,830 square feet in an office building
    • Buyer: ARB, Inc.
    • Procuring agent: Moreno Commercial
    • Seller: MV Transportation
    • Listing agent: Eric Dakin, Phil Garrett and Jon Quick of Colliers International
    • Sold: April 2013
    • Sale price: $2,000,000

    Beechcraft Road, Vacaville

    • Size: 9.84 acres of land (428,630 square feet)
    • Buyer: ICON Aircraft
    • Procuring agent: Phil Garrett and Jon Quick of Colliers International
    • Seller: Buzz Oates Real Estate
    • Listing agent: Phil Garrett and Jon Quick of Colliers International
    • Sold: March 2014
    • Sale price: $1,925,877

    6940 Tremont Rd., Dixon

    • Size: 15,100 square feet in light-industrial building
    • Buyer: Fremouw Environmental Services
    • Procuring agent: Jon Quick of Colliers International
    • Seller: Lynch Trust
    • Listing agent: n/a
    • Sold: May 2013
    • Sale price: $1,850,000

    2449 S. Watney Way, Fairfield

    • Size: 59,843 square feet
    • Buyer: Lowenberg Corp.
    • Procuring agent: n/a
    • Seller: FPA Watney Associates
    • Listing agent: Matt Bracco, Glen Dowling and Chris Neeb of Cushman & Wakefield
    • Sold: n/a
    • Sale price: n/a

    Sonoma County leases

    The Lakes at Santa Rosa Corporate Center, 2227 Capricorn Way, Ste. 101, Santa Rosa

    • Size: 49,739 square feet
    • Tenant: County of Sonoma
    • Procuring agent: n/a
    • Owner: Basin Street Properties
    • Listing agent: Shawn Johnson, Dave Peterson & Peter Briceño of Keegan & Coppin Co., Inc./ONCOR International
    • Signed: March 1, 2014

    3681 N. Laughlin Rd., Ste. 100, Santa Rosa

    • Size: 42,511 square feet
    • Tenant: Wright Engineered Plastics, Inc.
    • Procuring agent: Shawn Johnson & Brian Keegan of Keegan & Coppin Co., Inc./ONCOR International
    • Owner: Cornerstone Properties
    • Listing agent: Alon Adani of Cornerstone Properties
    • Signed: May 1, 2013

    Wright Engineered Plastics doubled the size of its production facility and added 100 workers to accommodate greater demand for injection molding of parts as well as assembly of products in the U.S. Wright consolidated a nearby plant and warehouse.

    In addition to double-digit revenue growth in recent years and an estimated 25 percent in 2013, a new customer that required a significant increase in assembly work plus filling a number of ocean-going containers on site necessitated the move. [See "Wright shifts into high gear with big assembly contract," July 22.]

    Standard Industrial, 5900 Pruitt Ave., Windsor

    • Size: 42,013 square feet
    • Tenant: Western Tree Removal
    • Procuring agent: Barry Palma & Preston Smith of Cornish & Carey Commercial Newmark Knight Frank
    • Owner: Shiloh Oaks Company, LLC
    • Listing agent: Barry Palma & Preston Smith of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: Dec. 17, 2013

    This deal came together after a long time of analyzing the tenant’s current and future real estate needs and finding a location that could accommodate all uses, according to the agents. This deal was somewhat unique in that the tenant leased both industrial building space and yard area. Space with heavy-industrial use zoning that could accommodate both trucks and warehouse use at a reasonable cost was difficult to find.

    3490 Regional Pkwy., Santa Rosa

    • Size: 24,178 square feet
    • Tenant: Tonnellerie Radoux USA
    • Procuring agent: Tony Sarno of Cushman & Wakefield
    • Owner: 3490 A Regional Parkway, LLC
    • Listing agent: Brian Keegan & Kevin Doran of Keegan & Coppin Co., Inc./ONCOR International
    • Signed: Jan. 14, 2014

    The wine barrel maker relocated warehousing from south Santa Rosa to a site near the cooperage, according to Keegan & Coppin.

    2080 Lakeville Highway, Petaluma

    • Size: 24,000 square feet
    • Tenant: Cowgirl Creamery
    • Procuring agent: Tony Sarno, Glen Dowling, Chris Neeb and Matt Bracco of Cushman & Wakefield
    • Owner: Basin Street Properties
    • Listing agent: Steven Leonard, Trevor Buck and Brian Foster of Cassidy Turley
    • Signed: Sept. 17, 2013

    Petaluma-based Cowgirl Creamery and its sister wholesaler Tomales Bay Foods expanded their storage and distribution capabilities in the city.

    26972 Asti Rd., Cloverdale

    • Size: 19,700 square feet
    • Tenant: Marietta Cellars, Inc.
    • Procuring agent: John Dayton of Dayton Property Management
    • Owner: Asti Associates, LLC
    • Listing agent: Russ Mayer of Keegan & Coppin Co., Inc./ONCOR International
    • Signed: Aug. 3, 2013

    3250 Brickway Blvd., Santa Rosa

    • Size: 17,250 square feet
    • Tenant: Sonomaceuticals
    • Procuring agent: Shawn Johnson of Keegan & Coppin Co., Inc./ONCOR International
    • Owner: SMC, Ltd.
    • Listing agent: Shawn Johnson of Keegan & Coppin Co., Inc./ONCOR International
    • Signed: Aug. 22, 2013

    2400 Bluebell Dr., Santa Rosa

    • Size: 9,600 square feet
    • Tenant: Battery Systems, Inc.
    • Procuring agent: Nick Abbott of North Bay Property Advisors
    • Owner: Sandra and John Marino
    • Listing agent: Nick Abbott of North Bay Property Advisors
    • Signed: Feb. 27, 2013

    Battery Systems was looking for better-quality space, according to Nick Abbott of North Bay Property Advisors. The business was on the upswing, and the managers wanted to take advantage of finding sites and conditions that are typically harder to find in our market.

    6595 Commerce Blvd., Rohnert Park

    • Size: 7,664 square feet
    • Tenant: Crossing the Jordan, Inc.
    • Procuring agent: William Severi of North Bay Property Advisors
    • Owner: Hamilton Ave RWC, LLC
    • Listing agent: William Severi of North Bay Property Advisors
    • Signed: Sept. 12, 2013

    The tenant had a previous relationship with the new owner of the building from a past transaction, according to William Severi of North Bay Property Advisors.

    36A Mill St., Healdsburg

    • Size: 5.698 square feet
    • Tenant: Sonoma Beverage Works, LLC
    • Procuring agent: Preston Smith of Cornish & Carey Commercial Newmark Knight Frank
    • Owner: Plum Industrial Park, LLC
    • Listing agent: Nick Abbott of North Bay Property Advisors
    • Signed: June 13, 2013

    Sonoma Beverage Works needed space in Healdsburg to accommodate production, warehousing and potentially tasting of the end product, according to Nick Abbott of North Bay Property Advisors. Mill Street is two blocks from the tourist-frequented city square.

    10 Enterprise Dr., Stes. E, F & G, Santa Rosa

    • Size: 3,217 square feet
    • Tenant: Power Fit, LLC
    • Procuring agent: William Severi of North Bay Property Advisors
    • Owner: Hamilton Ave RWC, LLC
    • Listing agent: n/a
    • Signed: Feb. 5, 2014

    3550 Round Barn Blvd., Ste. 2-B, Santa Rosa

    • Size: 2,199 square feet
    • Tenant: Redwood Trust Deed Services, Inc
    • Procuring agent: William Severi of North Bay Property Advisors
    • Owner: SR Office Properties LLC
    • Listing agent: Shawn Johnson of Keegan & Coppin Co., Inc./ONCOR International
    • Signed: Jan. 17, 2014

    Sonoma County sales

    Plans for the Rohnert Crossings redevelopment of the State Farm Insurance campus, Rohnert Park

     

    6400 State Farm Dr., Rohnert Park

    • Size: 320,000 square feet on 30 acres
    • Buyer: North Bay Community, LLC
    • Procuring agent: None
    • Seller: State Farm Mutual Automobile Insurance
    • Listing agent:Sean Heaton, Glen Dowling, Tony Sarno and Dennis Richardson of Cushman & Wakefield
    • Sold: Dec. 24, 2013
    • Sale price: n/a

    Irvine-based housing developer SunCal Cos. purchased the nearly 30-acre former State Farm Mutual Automobile Insurance campus, a move toward realizing a long-held community goal to create a new “heart” for Sonoma County’s third-largest city.

    Several buyers considered acquiring the property in the three and a half years since the insurer pulled up stakes from the 320,000-square-foot insurance claims center complex, but SunCal opted to pursue acquisition, closing the deal Dec. 24.

    Two major things that made SunCal pursue the Rohnert Park opportunity over the past year was a major redevelopment planning effort city government has under way and a Sonoma Marin Area Rail Transit station planned to be built next to the property. [Read "State Farm campus buyer plans transit-based community," Jan. 2, 2014.]

    A development proposal for Rohnert Crossings was submitted earlier this year. It’s based on community input to create a center for the city, like that of Windsor Town Green and Town Green Village.

    Home development land in Santa Rosa, Windsor and Cotati

    • Size: 2,766,931 square feet (95 acres of land)
    • Tenant: City Ventures Communities
    • Procuring agent: Ron Reinking of Cornish & Carey Commercial Newmark Knight Frank
    • Owner: North Valley Bank
    • Listing agent: None
    • Sold: Nov. 18, 2013
    • Sale Price: $9,950,000

    This was a significant bank portfolio of “other real estate owned” (OREO) residential development properties located in Sonoma County, according to Ron Reinking of Cornish & Carey Commercial Newmark Knight Frank. With North Valley considering offers from multiple developers, City Ventures was ultimately chosen by NVB to acquire these remaining assets.

    Newport Beach-based residential real estate developer City Ventures, Inc. purchased seven residential-zoned properties throughout Sonoma County, eying new single-family home construction in a region with a need for new housing stock.

    The purchase of 95 acres is the most significant push by the company to gain a foothold in the North Bay to date, according to the company. Five of those properties are in Santa Rosa, with one in Windsor and one in Cotati. While much work is to be done in planning construction, the first home construction could be under way before the end of 2014. [See "Residential developer buys 95 acres in Sonoma County," Dec. 16.]

    Airport Corporate Center, 3850 & 3880 Brickway Blvd., Santa Rosa

    • Size: 126,585 square feet
    • Buyer: Drawbridge Brickway, LLC
    • Procuring agent: None
    • Seller: SR Office Properties, LLC (Basin Street Properties)
    • Listing agent: George Eckard, Grant Lammersen, Adam Lasoff, Glen Dowling, Sean Heaton and Tony Sarno of Cushman & Wakefield
    • Sold: July 25, 2013
    • Sale price: $18,100,000

    San Francisco-based commercial real estate investor Drawbridge Brickway, LLC, an affiliate of Drawbridge Realty Trust, LLC, purchased two office buildings fully leased to Medtronic Vascular near Charles M. Schulz–Sonoma County Airport. Basin Street Properties repurchased the twin buildings as part of a portfolio of 17 Santa Rosa-area office buildings in October 2012.

    Medtronic Vascular, a subsidiary of Minneapolis-based Medtronic, Inc., had recently invested $4 million in upgrades to the one of the 12-year-old buildings, pointing to the tenant’s long-term commitment to the property, according to Drawbridge. [See "S.F. investor buys Medtronic airport buildings for $18M," July 31, 2013.]

    5900 State Farm Dr., Rohnert Park

    • Size: 68,836 square feet
    • Buyer: MPVCA Rohnert Park, LLC
    • Procuring agent: Mike Thomason of Keegan & Coppin Co., Inc./ONCOR International
    • Seller: 5900 State Farm Drive, LLC
    • Listing agent: n/a
    • Sold: March 11, 2014
    • Sale price: $7,500,000

    1202 Apollo Way, Santa Rosa

    • Size: 37,048 square feet
    • Buyer: Airport Business Center
    • Procuring agent: Shawn Johnson of Keegan & Coppin Co., Inc./ONCOR International
    • Seller: AJ Ventures, Inc.
    • Listing agent: Shawn Johnson of Keegan & Coppin Co., Inc./ONCOR International
    • Sold: Dec. 10, 2013
    • Sale price: $7,100,000

    Airport Business Center, a Santa Rosa-based investment group that has been developing a 463-acre business park by the same name near Charles M. Schulz–Sonoma County Airport for decades, purchased a building occupied by the county of Sonoma under a long-term lease.

    Parkpoint Business Center, 405 W. College Ave., 1221 & 1235 N. Dutton Ave., Santa Rosa

    • Size: 41,250 square feet
    • Buyer: E.G. & Arlene L.R. Rosen Trust
    • Procuring agent: Bill Allen of Marcus & Millichap
    • Seller: Deerfield Realty
    • Listing agent: Vince Schwab of Marcus & Millichap
    • Sold: Oct. 16, 2013
    • Sale price: $6,300,000

    Three fully leased office buildings of the five in the 70,000-square-foot Parkpoint Office Center complex at the corner of North Dutton and College Avenue sold to a San Jose-based investor Ed Rosen. Deerfield Realty, a Menlo Park-based real estate investment syndicator, had purchased them from a lender in January 2012. [See the news in the Oct. 28 commercial real estate column.]

    6595 Commerce Blvd., Rohnert Park

    • Size: 35,486 square feet
    • Buyer: Hamilton Ave RWC, LLC
    • Procuring agent: Ted Kokernak of Marcus & Millichap Real Estate
    • Seller: Sterling Savings Bank
    • Listing agent: William Severi of North Bay Property Advisors
    • Sold: Sept. 30, 2013
    • Sale price: $5,150,000

    The buyer had a relationship with nonprofit tenant Crossing the Jordan from a prior transaction, according to William Severi of North Bay Property Advisors. He knew that they would be a perfect fit for the subject space. The deal structure was very complex in order to develop a win-win for both parties, Mr. Severi said.

    1450 Airport Blvd., Santa Rosa

    • Size: 50,000 square feet
    • Buyer: Ferronato Properties, LLC
    • Procuring agent: Ron Reinking and David Daane of Cornish & Carey Commercial Newmark Knight Frank
    • Seller: SRSS, LLC
    • Listing agent: Ron Reinking and David Daane of Cornish & Carey Commercial Newmark Knight Frank
    • Sold: May 31, 2013
    • Sale price: $5,125,000

    Building was purchased by an investment entity managed by Rod Ferronato, former president and owner of wine tank builder Santa Rosa Stainless Steel next door. Mr. Ferronato partnered with Paul and Heath Dolan to start Premium Wine Storage in the building in 2002.

    2433 Orleans St., Santa Rosa

    • Size: 3.7 acres (161,172 square feet)
    • Buyer: APM Homes, Inc.
    • Procuring agent: n/a
    • Seller: Hope Lane Investors, LP
    • Listing agent: Ken Bizzell of Keegan & Coppin Co., Inc./ONCOR International
    • Sold: Jan. 2, 2014
    • Sale price: $4,360,000

    3880 Cypress Dr., Petaluma

    • Size: 35,792 square feet
    • Buyer: UCP of the North Bay
    • Procuring agent: Chris Castellucci of Keegan & Coppin Co., Inc./ONCOR International
    • Seller: LBA Realty Fund II
    • Listing agent: Trevor Buck of Cassidy Turley
    • Sold: Sept. 13, 2013
    • Sale price: $4,295,040

    1318 Redwood Way, Petaluma

    • Size: 36,372 square feet
    • Buyer: Seamus Redwood, LLC
    • Procuring agent: Russ Mayer of Keegan & Coppin Co., Inc./ONCOR International
    • Seller: RBP Round Two Office Investors, LLC
    • Listing agent: n/a
    • Sold: June 26, 2013
    • Sale price: $3,852,141

    This was another Petaluma commercial property purchase by an investment group led by David Brown, president of Berkeley Nucleonics in San Rafael.

    3900 Cypress Dr., Petaluma

    • Size: 50,000 square feet
    • Buyer: 3900 Cypress, LLC
    • Procuring agent: Tony Sarno and Sean Heaton of Cushman & Wakefield
    • Seller: Barbara’s Bakery, Inc.
    • Listing agent:Tony Sarno and Sean Heaton of Cushman & Wakefield
    • Sold: May 23, 2013
    • Sale price: $3,500,000

    Healdsburg-based real estate investor Next Investments, Inc., and San Francisco-based Harrigan Weidenmuller Co., said to be San Francisco’s oldest real estate investor, operating since 1900, bought the vacant bakery building.

    The buyers said the plant is suited to meet the “surging demand” for production space from North Bay specialty food and beverage producers. They said they received several inquiries during the escrow period about leasing the building.

    Barbara Jaffe started Barbara’s in 1971 in Palo Alto. Weetabix acquired it in 1986 and two years later moved it to Petaluma, where they employed more than 50. By the beginning of 2012, Weetabix had consolidated its North American manufacturing to Massachusetts and outsourced distribution to a third party, so the company closed the Petaluma facility. [See "Food, beverage production demand drives purchase of former Barbara’s Bakery plant," May 31, 2013.]

    995 Sebastopol Rd, Santa Rosa CA

    • Size: 34,803 square feet
    • Buyer: Choe Family Trust
    • Procuring agent: Arlee Geary of Century 21 Alliance
    • Seller: John Bevan and Sue Zook
    • Listing agent: William Severi of North Bay Property Advisors
    • Sold: Sept. 13, 2013
    • Sale price: $2,000,000

    This property was sold to a Section 1031 exchange investor that thought it was a perfect fit for the portfolio, according to William Severi of North Bay Property Advisors. The brokerage agreed to continue managing the subject property for the new owner as part of the deal.

    1901 Russell Ave., Santa Rosa

    • Size: 16,278 square feet
    • Buyer: Joshua Fiden and Tracy Fisher
    • Procuring agent: Michael Flitner of Keegan and Coppin
    • Seller: RPS Investments, Inc.
    • Listing agent: William Severi of North Bay Property Advisors
    • Sold: Nov. 7, 2013
    • Sale price: $1,375,000

    The Inn 2 Remember, 171 W. Spain St., Sonoma

    • Size: 3,000 square feet in a bed-and-breakfast inn with seven rooms
    • Buyer: Adriani
    • Procuring agent: California Boutique Hospitality Sales
    • Seller: Waller and Edwards
    • Listing agent: Dave Losk of North Bay Property Advisors
    • Sold: March 31, 2014
    • Sale price: $1,325,000

    The buyers are from Italy and found a bed-and-breakfast inn a half-block off the Sonoma Plaza in a rising hospitality industry, according to Dave Losk of North Bay Property Advisors.

    392 Tesconi Ct., Santa Rosa

    • Size: 5,221 square feet
    • Buyer: JMY Consulting, LLC
    • Procuring agent: Niels Von Doepp of Cassidy Turley
    • Seller: The Robert J. Cullen and Cynthia C. Cullen Trust
    • Listing agent: William Severi of North Bay Property Advisors
    • Sold: Dec. 20, 2013
    • Sale price: $950,000

    The owner-user obtained an SBA 504 loan to acquire the building.

    3559 Airway Dr., Santa Rosa

    • Size: 7,882 square feet
    • Buyer: Santa Rosa Lodge No. 458, Loyal Order of the Moose, a Non-Profit corporation
    • Procuring agent: William Severi of North Bay Property Advisors
    • Seller: Peter and Tanya Omran
    • Listing agent: William Severi of North Bay Property Advisors
    • Sold: March 3, 2014
    • Sale price: $650,000

    The deal took 12 months to completed, according to William Severi of North Bay Property Advisors. In order to complete the transaction, Mr. Severi worked with the neighboring property owners to create a parking easement for shared use during specific hours of the day, key to obtaining the city use permit.

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