Top North Bay commercial real estate deals and deal-makers

[caption id="attachment_91428" align="aligncenter" width="440"]

The Cove, Tiburon[/caption]

The Cove, 50 Barbaree Way, TiburonSize: 284 housing unitsBuyer: RP Maximus Cove Owner, LLCProcuring agent: Stan Jones, Philip Saglimbeni and Sal Saglimbeni of Marcus & MillichapSeller: DLC Sequoia Park City; DLC Sequoia Park City II; Greenery Apartments; R Ryder-Cove, LLC; Tracey Cove, LPListing agent: Stan Jones, Philip Saglimbeni and Sal Saglimbeni of Marcus & MillichapSold: Dec. 4, 2013Sale price: $138,000,000San Rafael Corporate Center, San RafaelSize: 315,000 existing square feet on 13 acresBuyer: California Corporate Center Acquisition, LLCProcuring agent: Colliers InternationalSeller: SR Corporate Center Phase One, LLC, and SR Corporate Center Phase Two, LLCListing agent: Eastdil SecuredSold: March 11, 2014Sale 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 ValleySize: 98,652 square feetBuyer: Shoreline Office Center, LLC, and SR Shoreline Exchange, LLCProcuring agent: NoneSeller: CA-Shoreline Office Center, LPListing agent: Rob Hielscher and Mike Seifer of Jones Lang LaSalleSold: Oct. 28, 2013Sale 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 ValleySize: 18 apartmentsBuyer: 216 Miller, LLCProcuring agent: n/aSeller: Carmelita Apartments, LLCListing agent: Erich Reichenbach of Marcus & MillichapSold: Jan. 22, 2014Sale price: $6,425,000Bank of America building, 46a Main St., TiburonSize: 1,800 square feetBuyer: Mecum Loma Linda, LLCProcuring agent: Alice Chu of Coldwell Banker George RealtySeller: ACV Argo Tiburon, LPListing agent: Vince Schwab of Marcus & MillichapSold: Sept. 19, 2013Sale 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 RafaelSize: 37,800 square feetBuyer: Charlie KinstlerProcuring agent: Matt Storms of Keegan & Coppin Co., Inc./ONCOR InternationalSeller: Julie Nee, et alListing agent: Matt Storms of Keegan & Coppin Co., Inc./ONCOR InternationalSold: Oct. 17, 2013Sale price: $4,200,00020 Leveroni Ct., NovatoSize: 29,442 square feetBuyer: Arena Enterprises, LLCProcuring agent: Matt Storms and Nathan Ballard of Keegan & Coppin Co., Inc./ONCOR InternationalSeller: Karen H. Thompson 2010 TrustListing agent: Meryl Sebestyen and Mike Lieberman of Cornish & Carey Commercial Newmark Knight FrankSigned: July 16, 2013Sale 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 RafaelSize: 19,656 square feetBuyer: Erich ZiedrichProcuring agent: Healdsburg Sotheby's International RealtySeller: Abe FromanListing agent: Jerry Suyderhoud and Jerry Angel of Cornish & Carey Commercial Newmark Knight FrankSigned: Aug. 30, 2013Sale 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., LarkspurSize: 17,295 square feetBuyer: Westshore Investments, LLCProcuring agent: Jerry Angel of Cornish & Carey Commercial Newmark Knight FrankSeller: Gary Schaffer TrustListing agent: Jerry Angel & Jerry Suyderhoud of Cornish & Carey Commercial Newmark Knight FrankSigned: Nov. 12, 2013Sale 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., NovatoSize: 23,000 square feetBuyer: Body Kinetics, LLCProcuring agent: Brian Eisberg and David Walwyn of Cornish & Carey Commercial Newmark Knight FrankSeller: Two Peas In A Pod, LLCListing agent: Brian Eisberg and David Walwyn of Cornish & Carey Commercial Newmark Knight FrankSigned: July 26, 2013Sale price: $2,900,000

Gym operator Body Kinetics exercised the purchase option in its five-year lease, according to the agents.3020 Bridgeway, SausalitoSize: 11,110 square feetBuyer: Vesa Becam TrustProcuring agent: Matt Storms of Keegan & Coppin Co., Inc./ONCOR InternationalSeller: K A & N IndustriesListing agent: Matt Storms of Keegan & Coppin Co., Inc./ONCOR InternationalSold: May 15, 2013Sale price: $2,655,0001121--1123 E. Francisco Blvd., San RafaelSize: 10,890 square feetBuyer: Steve LombardiProcuring agent: Matt Brown of Meridian CommercialSeller: Suzanne TrygslandListing agent: Theo Banks of Keegan & Coppin Co., Inc./ONCOR InternationalSold: Aug. 1, 2013Sale price: $1,600,00055--59 Larkspur St., San RafaelSize: 12,000 square feetBuyer: 55-59 Larkspur Steet, LLCProcuring agent: Matt Storms of Keegan & Coppin Co., Inc./ONCOR InternationalSeller: Sooper Living TrustListing agent: Peter Gettner of HL Commercial Real EstateSold: March 27, 2014Sale price: $1,525,000Napa County leases201 Devlin Road, NapaSize: 24,992 square feetTenant: Top It BottlingProcuring agent: Bill Kampton of Colliers InternationalOwner: Devlin Road, LLC (E.R. Hillman Jr.)Listing agent: Michael Moffett of Coldwell Banker Commercial Brokers of the ValleySigned: 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, NapaSize: 18,000 square feet of warehouse spaceTenant: HPD Consolidation, dba Valley Wine WarehouseProcuring agent: Bret DeMartini of Colliers InternationalOwner: Kaiser Road AssociatesListing agent: Bill Kampton of Colliers International and Steve CrockerSigned: August 2013851 Napa Valley Corporate Way, Ste. G, NapaSize: 6,706 square feet of office/flex spaceTenant: JF Hillebrand USAProcuring agent: Tony Binswanger and Brooks Pedder of Colliers InternationalOwner: Carneros I, LLCListing agent: Cushman & WakefieldSigned: April 2013570 Gateway Dr., NapaSize: 4,648 square feet of office spaceTenant: Tapp TechnologiesProcuring agent: Bill Kampton and Steve Crocker of Colliers InternationalOwner: Peter Riechers and Alan SpenceListing agent: Bill Kampton and Steve Crocker of Colliers InternationalSigned: April 2013

Wine-focused printer Tapp Label expanded its Napa plant.120 Dodd Ct., American CanyonSize: 3,000 square feet of light-industrial space subleasedTenant: FRG Waste ResourcesProcuring agent: Bill Kampton of Colliers InternationalOwner: TLAC Management, LLCListing agent: Buurma & Strain Commercial Real Estate ServicesSigned: September 20131957 Sierra Ave., NapaSize: 6,000 square feetTenant: Tailored Living ChoicesProcuring agent: Michael Moffett and Chris Yeakey of Coldwell Banker Commercial Brokers of the ValleyOwner: Terrance YoshikawaListing agent: Michael Moffett of Coldwell Banker Commercial Brokers of the ValleySigned: 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 CanyonSize: 5,259 square feetTenant: Goodwill Industries of the Redwood EmpireProcuring agent: Dave Peterson of Keegan & Coppin Co., Inc./ONCOR InternationalOwner: Canyon Corners, LLCListing agent: Michael Holcomb of Strong & HaydenSigned: Oct. 15, 20131361 Main St., St. HelenaSize: 1,400 square feetTenant: First American Title CompanyProcuring agent: Jeff Feeney of Coldwell Banker Commercial Brokers of the ValleyOwner: Beard TrustListing agent: Cathy D'Angelo Holmes and Suzy Pratt Anderson of Coldwell Banker Commercial Brokers of the ValleySigned: 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, NapaSize: 264,000 square feetTenant: Sutter Home WineryProcuring agent: Glen Dowling, Chris Neeb and Matt Bracco of Cushman & WakefieldOwner:Whal Properties, LPListing agent: Glen Dowling, Chris Neeb and Matt Bracco of Cushman & WakefieldSigned: 2013677 Hanna Dr., American CanyonSize: 128,700 square feetTenant: Coca-Cola BCI Bottling, Inc.Procuring agent: Glen Dowling, Chris Neeb and Matt Bracco of Cushman & WakefieldOwner: ICC/StravinskiListing agent: Glen Dowling, Chris Neeb and Matt Bracco of Cushman & WakefieldSigned: 201380 Technology Ct., American CanyonSize: 207,777 square feetTenant: Wineshipping.comProcuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & WakefieldOwner: Napa Gateway, LLCListing agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & WakefieldSigned: 2013700 Hanna Dr., American CanyonSize: 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 & WakefieldOwner: ICC/StravinskiListing agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & WakefieldSigned: 20132545 Napa Valley Corporate Dr., NapaSize: 51,790 square feetTenant: Ca'Momi and Da Ve WineryProcuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & WakefieldOwner: LBA RealtyListing agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & WakefieldSigned: 2013Napa County sales

[caption id="attachment_91429" align="aligncenter" width="550"] Saratoga Downs Apartments and Sheveland Ranch Townhomes, Napa[/caption]

 Saratoga Downs, 2065 Apollo Ct., and Sheveland Ranch, 1100 Elfrada Ct., NapaSize: 124 units and 54 unitsBuyer: Saratoga Downs Apartments, LLCProcuring agent: Vince Schwab of Marcus & MillichapSeller: SDA Property, LLCListing agent: Vince Schwab of Marcus & MillichapSold: May 1, 2013Sale 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, NapaSize: 365,000 square feetBuyer: County of NapaProcuring agent: Bill Kampton of Colliers InternationalSeller: Dey Laboratories, LPListing agent: Cornish & Carey NewmarkSold: December 2013Sale 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., NapaSize: 24,000 square feetBuyer: Sequoia Investments, LPProcuring agent: Mac Cranford of Cornish & Carey Commercial Newmark Knight FrankSeller: Savoy Corp.Listing agent: Steve Crocker, Tony Crossley, Tim Maas and Erik Hanson of Colliers InternationalSold: December 2013Sale 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., NapaSize: 18.58 acres (809,344 square feet)Buyer: McMorgan Northern California and Development Fund IProcuring agent: Brooks Pedder, Phil Garrett, Bill Kampton and Steve Crocker of Colliers InternationalSeller: WCHYP II Greenwood RT, LLCListing agent: Brooks Pedder, Phil Garrett, Bill Kampton and Steve Crocker of Colliers InternationalSold: July 2013Sale 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., NapaSize: 10,835 square feet of retail spaceBuyer: David LaMonicaProcuring agent: Paul ThomasSeller: John HutchinsonListing agent: Allan Montonen of Keegan & Coppin Co., Inc./ONCOR InternationalSold: Dec. 13, 2013Sale price: $1,800,000Napa Valley Gateway Business Park, Lot 2, NapaSize: 2.4 acres (104,544 square feet)Buyer: Sonoma Valley Transport, Inc.Procuring agent: Randy Wood of Keegan & Coppin Co., Inc./ONCOR InternationalSeller: NVGL 1Listing agent: Randy Wood of Keegan & Coppin Co., Inc./ONCOR InternationalSold: Feb. 4, 2014Sale 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., NapaSize: 24,000 square feetBuyer: Keller Family TrustProcuring agent: Bill Kampton and Steve Crocker of Colliers InternationalSeller: Dickenson, Peatman & FogartyListing agent: Bill Kampton and Steve Crocker of Colliers InternationalSold: October 2013Sale price: $3,100,000

 1055 Soscol Ferry Road, NapaSize: 10.32 acres (449,539 square feet)Buyer: Kinnaird Properties, Inc.Procuring agent: n/aSeller: Acorn 6A Soscol Ferry Road Real Estate LLCListing agent: Steve Crocker and Bret DeMartini of Colliers InternationalSold: February 2014Sale price: $1,800,000344 Adams St., St. HelenaSize: 11,660 square feetBuyer: BDSW Investment Group, LLCProcuring agent: Michael Moffett of Coldwell Banker Commercial Brokers of the ValleySeller: 1344 Adams Street Investors, LLCListing agent: Jeff Feeney of Coldwell Banker Commercial Brokers of the ValleySold: Nov. 13, 2013Sale 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., NapaSize: 16,595 square feetBuyer: 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 2009Listing agent: Adam Green and Jeff Feeney of Coldwell Banker Commercial Brokers of the ValleySold: Jan. 31, 2014Sale 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., NapaSize: 4,350 square feetBuyer: Ren AcquisitionProcuring agent: Michael Moffett of Coldwell Banker Commercial Brokers of the ValleySeller: Private trustListing agent: Cathy D'Angelo Holmes and Michael Moffett of Coldwell Banker Commercial Brokers of the ValleySold: July 25, 2013Sale 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., NapaSize: 11,470 square feet (22 units)Buyer: Robert Willson, Thi Le LaProcuring agent: Jocelyne Monello of Heritage Sotheby's International RealtySellers: James Wall and Melisse HermanListing agent: Michael Moffett and Jeff Feeney of Coldwell Banker Commercial Brokers of the ValleySold: Nov. 26, 2013Sale 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., NapaSize: 239,000 square feetBuyer: Lowenberg Corp.Procuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & WakefieldSeller: LBA RealtyListing agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & WakefieldSold: Oct. 1 and 28, 2013Sale 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., NapaSize: 78,327 square feetBuyer: MKD City Villas, LLC (PB&J Investments)Procuring agent: NoneSeller: Gateway Napa I, LLCListing agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & WakefieldSold: Nov. 5, 2013Sale price: n/a ($5.8 million financed)

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

[caption id="attachment_91430" align="aligncenter" width="550"] Encore Glass' building at Solano Logistics Center, Fairfield[/caption]

Solano Logistics Center, Bldg. A, Cordelia Road, FairfieldSize: 473,136 square feet and 177,000 square feetTenant: Saxco International, LLCProcuring agent: Phil Garrett and Jon Quick of Colliers InternationalOwner: Buzz Oates LLCListing agent: Phil Garrett and Jon Quick of Colliers InternationalSigned: 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, FairfieldSize: 318,402 square feetTenant: Encore Glass Inc.Procuring agent: Phil Garrett and Jon Quick of Colliers InternationalOwner: Buzz Oates LLCListing agent: Phil Garrett and Jon Quick of Colliers InternationalSigned: 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., BeniciaSize: 180,000 square feetTenant: Saxco International, LLCProcuring agent: Phil Garrett, Jon Quick & Brooks Pedder of Colliers InternationalOwner: 5001, LLCListing agent: Phil Garrett, Jon Quick & Brooks Pedder of Colliers InternationalSigned: October 2013

As it plans for its Fairfield logistics center, Saxco International inked an interim deal.400 Crocker Dr., VacavilleSize: 177,000 square feetTenant: Pacific Cycle, Inc.Procuring agent: Bret DeMartini of Colliers InternationalOwner: Mark III BuildersListing agent: Jon Quick of Colliers International; Jones Lang LaSalleSigned: February 2014

Pacific Cycle renewed its warehouse lease and added more space.5160 Fulton Drive, FairfieldSize: 60,000 square feetTenant: S.T. Johnson Co.Procuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & WakefieldOwner: Eric BensonListing agent: n/aSigned: 2013

The company relocated from the East Bay.2260 Cordelia Rd., FairfieldSize: 33,000 square feetTenant: Agfa CorporationProcuring agent: Cornish & Carey Commercial Newmark Knight FrankOwner: Blake PropertiesListing agent: Matt Bracco, Glen Dowling and Chris Neeb of Cushman & WakefieldSigned: June 1, 2013

Agfa relocated its Solano County distribution warehouse to this location.6200 Goodyear Rd., BeniciaSize: 13,000 square feet of industrial spaceTenant: CentiMarkProcuring agent: Glen Dowling, Matt Bracco and Chris Neeb of Cushman & WakefieldOwner: Indcor PropertiesListing agent: Colliers InternationalSigned: May 20, 2013Solano County sales2700 Maxwell Way, FairfieldSize: 86,960 square feet in a manufacturing buidlingBuyer: S&T Real Estate Group, LLCProcuring agent: Lee & AssociatesSeller: Harry ArnoldListing agent: Phil Garrett and Brooks Pedder of Colliers InternationalSold: April 2013Sale price: $6,200,0001001-1017 First St., BeniciaSize: 9,921 square feet in an office buildingBuyer: n/aProcuring agent: Phil Garrett and Jon Quick of Colliers InternationalSeller: Albert G. MorganListing agent: Phil Garrett and Jon Quick of Colliers InternationalSold: May 2013Sale price: $2,150,0004620 Westamerica Dr., FairfieldSize: 12,830 square feet in an office buildingBuyer: ARB, Inc.Procuring agent: Moreno CommercialSeller: MV TransportationListing agent: Eric Dakin, Phil Garrett and Jon Quick of Colliers InternationalSold: April 2013Sale price: $2,000,000Beechcraft Road, VacavilleSize: 9.84 acres of land (428,630 square feet)Buyer: ICON AircraftProcuring agent: Phil Garrett and Jon Quick of Colliers InternationalSeller: Buzz Oates Real EstateListing agent: Phil Garrett and Jon Quick of Colliers InternationalSold: March 2014Sale price: $1,925,8776940 Tremont Rd., DixonSize: 15,100 square feet in light-industrial buildingBuyer: Fremouw Environmental ServicesProcuring agent: Jon Quick of Colliers InternationalSeller: Lynch TrustListing agent: n/aSold: May 2013Sale price: $1,850,0002449 S. Watney Way, FairfieldSize: 59,843 square feetBuyer: Lowenberg Corp.Procuring agent: n/aSeller: FPA Watney AssociatesListing agent: Matt Bracco, Glen Dowling and Chris Neeb of Cushman & WakefieldSold: n/aSale price: n/aSonoma County leasesThe Lakes at Santa Rosa Corporate Center, 2227 Capricorn Way, Ste. 101, Santa RosaSize: 49,739 square feetTenant: County of SonomaProcuring agent: n/aOwner: Basin Street PropertiesListing agent: Shawn Johnson, Dave Peterson & Peter Briceño of Keegan & Coppin Co., Inc./ONCOR InternationalSigned: March 1, 20143681 N. Laughlin Rd., Ste. 100, Santa RosaSize: 42,511 square feetTenant: Wright Engineered Plastics, Inc.Procuring agent: Shawn Johnson & Brian Keegan of Keegan & Coppin Co., Inc./ONCOR InternationalOwner: Cornerstone PropertiesListing agent: Alon Adani of Cornerstone PropertiesSigned: 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., WindsorSize: 42,013 square feetTenant: Western Tree RemovalProcuring agent: Barry Palma & Preston Smith of Cornish & Carey Commercial Newmark Knight FrankOwner: Shiloh Oaks Company, LLCListing agent: Barry Palma & Preston Smith of Cornish & Carey Commercial Newmark Knight FrankSigned: 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 RosaSize: 24,178 square feetTenant: Tonnellerie Radoux USAProcuring agent: Tony Sarno of Cushman & WakefieldOwner: 3490 A Regional Parkway, LLCListing agent: Brian Keegan & Kevin Doran of Keegan & Coppin Co., Inc./ONCOR InternationalSigned: 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, PetalumaSize: 24,000 square feetTenant: Cowgirl CreameryProcuring agent: Tony Sarno, Glen Dowling, Chris Neeb and Matt Bracco of Cushman & WakefieldOwner: Basin Street PropertiesListing agent: Steven Leonard, Trevor Buck and Brian Foster of Cassidy TurleySigned: 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., CloverdaleSize: 19,700 square feetTenant: Marietta Cellars, Inc.Procuring agent: John Dayton of Dayton Property ManagementOwner: Asti Associates, LLCListing agent: Russ Mayer of Keegan & Coppin Co., Inc./ONCOR InternationalSigned: Aug. 3, 20133250 Brickway Blvd., Santa RosaSize: 17,250 square feetTenant: SonomaceuticalsProcuring agent: Shawn Johnson of Keegan & Coppin Co., Inc./ONCOR InternationalOwner: SMC, Ltd.Listing agent: Shawn Johnson of Keegan & Coppin Co., Inc./ONCOR InternationalSigned: Aug. 22, 20132400 Bluebell Dr., Santa RosaSize: 9,600 square feetTenant: Battery Systems, Inc.Procuring agent: Nick Abbott of North Bay Property AdvisorsOwner: Sandra and John MarinoListing agent: Nick Abbott of North Bay Property AdvisorsSigned: 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 ParkSize: 7,664 square feetTenant: Crossing the Jordan, Inc.Procuring agent: William Severi of North Bay Property AdvisorsOwner: Hamilton Ave RWC, LLCListing agent: William Severi of North Bay Property AdvisorsSigned: 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., HealdsburgSize: 5.698 square feetTenant: Sonoma Beverage Works, LLCProcuring agent: Preston Smith of Cornish & Carey Commercial Newmark Knight FrankOwner: Plum Industrial Park, LLCListing agent: Nick Abbott of North Bay Property AdvisorsSigned: 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 RosaSize: 3,217 square feetTenant: Power Fit, LLCProcuring agent: William Severi of North Bay Property AdvisorsOwner: Hamilton Ave RWC, LLCListing agent: n/aSigned: Feb. 5, 20143550 Round Barn Blvd., Ste. 2-B, Santa RosaSize: 2,199 square feetTenant: Redwood Trust Deed Services, IncProcuring agent: William Severi of North Bay Property AdvisorsOwner: SR Office Properties LLCListing agent: Shawn Johnson of Keegan & Coppin Co., Inc./ONCOR InternationalSigned: Jan. 17, 2014Sonoma County sales

[caption id="attachment_91431" align="aligncenter" width="550"] Plans for the Rohnert Crossings redevelopment of the State Farm Insurance campus, Rohnert Park[/caption]

 6400 State Farm Dr., Rohnert ParkSize: 320,000 square feet on 30 acresBuyer: North Bay Community, LLCProcuring agent: NoneSeller: State Farm Mutual Automobile InsuranceListing agent:Sean Heaton, Glen Dowling, Tony Sarno and Dennis Richardson of Cushman & WakefieldSold: Dec. 24, 2013Sale 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 CotatiSize: 2,766,931 square feet (95 acres of land)Tenant: City Ventures CommunitiesProcuring agent: Ron Reinking of Cornish & Carey Commercial Newmark Knight FrankOwner: North Valley BankListing agent: NoneSold: Nov. 18, 2013Sale 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 RosaSize: 126,585 square feetBuyer: Drawbridge Brickway, LLCProcuring agent: NoneSeller: SR Office Properties, LLC (Basin Street Properties)Listing agent: George Eckard, Grant Lammersen, Adam Lasoff, Glen Dowling, Sean Heaton and Tony Sarno of Cushman & WakefieldSold: July 25, 2013Sale 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 ParkSize: 68,836 square feetBuyer: MPVCA Rohnert Park, LLCProcuring agent: Mike Thomason of Keegan & Coppin Co., Inc./ONCOR InternationalSeller: 5900 State Farm Drive, LLCListing agent: n/aSold: March 11, 2014Sale price: $7,500,0001202 Apollo Way, Santa RosaSize: 37,048 square feetBuyer: Airport Business CenterProcuring agent: Shawn Johnson of Keegan & Coppin Co., Inc./ONCOR InternationalSeller: AJ Ventures, Inc.Listing agent: Shawn Johnson of Keegan & Coppin Co., Inc./ONCOR InternationalSold: Dec. 10, 2013Sale 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 RosaSize: 41,250 square feetBuyer: E.G. & Arlene L.R. Rosen TrustProcuring agent: Bill Allen of Marcus & MillichapSeller: Deerfield RealtyListing agent: Vince Schwab of Marcus & MillichapSold: Oct. 16, 2013Sale 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 ParkSize: 35,486 square feetBuyer: Hamilton Ave RWC, LLCProcuring agent: Ted Kokernak of Marcus & Millichap Real EstateSeller: Sterling Savings BankListing agent: William Severi of North Bay Property AdvisorsSold: Sept. 30, 2013Sale 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 RosaSize: 50,000 square feetBuyer: Ferronato Properties, LLCProcuring agent: Ron Reinking and David Daane of Cornish & Carey Commercial Newmark Knight FrankSeller: SRSS, LLCListing agent: Ron Reinking and David Daane of Cornish & Carey Commercial Newmark Knight FrankSold: May 31, 2013Sale 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 RosaSize: 3.7 acres (161,172 square feet)Buyer: APM Homes, Inc.Procuring agent: n/aSeller: Hope Lane Investors, LPListing agent: Ken Bizzell of Keegan & Coppin Co., Inc./ONCOR InternationalSold: Jan. 2, 2014Sale price: $4,360,0003880 Cypress Dr., PetalumaSize: 35,792 square feetBuyer: UCP of the North BayProcuring agent: Chris Castellucci of Keegan & Coppin Co., Inc./ONCOR InternationalSeller: LBA Realty Fund IIListing agent: Trevor Buck of Cassidy TurleySold: Sept. 13, 2013Sale price: $4,295,0401318 Redwood Way, PetalumaSize: 36,372 square feetBuyer: Seamus Redwood, LLCProcuring agent: Russ Mayer of Keegan & Coppin Co., Inc./ONCOR InternationalSeller: RBP Round Two Office Investors, LLCListing agent: n/aSold: June 26, 2013Sale 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., PetalumaSize: 50,000 square feetBuyer: 3900 Cypress, LLCProcuring agent: Tony Sarno and Sean Heaton of Cushman & WakefieldSeller: Barbara's Bakery, Inc.Listing agent:Tony Sarno and Sean Heaton of Cushman & WakefieldSold: May 23, 2013Sale 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 CASize: 34,803 square feetBuyer: Choe Family TrustProcuring agent: Arlee Geary of Century 21 AllianceSeller: John Bevan and Sue ZookListing agent: William Severi of North Bay Property AdvisorsSold: Sept. 13, 2013Sale 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 RosaSize: 16,278 square feetBuyer: Joshua Fiden and Tracy FisherProcuring agent: Michael Flitner of Keegan and CoppinSeller: RPS Investments, Inc.Listing agent: William Severi of North Bay Property AdvisorsSold: Nov. 7, 2013Sale price: $1,375,000The Inn 2 Remember, 171 W. Spain St., SonomaSize: 3,000 square feet in a bed-and-breakfast inn with seven roomsBuyer: AdrianiProcuring agent: California Boutique Hospitality SalesSeller: Waller and EdwardsListing agent: Dave Losk of North Bay Property AdvisorsSold: March 31, 2014Sale 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 RosaSize: 5,221 square feetBuyer: JMY Consulting, LLCProcuring agent: Niels Von Doepp of Cassidy TurleySeller: The Robert J. Cullen and Cynthia C. Cullen TrustListing agent: William Severi of North Bay Property AdvisorsSold: Dec. 20, 2013Sale price: $950,000

The owner-user obtained an SBA 504 loan to acquire the building.3559 Airway Dr., Santa RosaSize: 7,882 square feetBuyer: Santa Rosa Lodge No. 458, Loyal Order of the Moose, a Non-Profit corporationProcuring agent: William Severi of North Bay Property AdvisorsSeller: Peter and Tanya OmranListing agent: William Severi of North Bay Property AdvisorsSold: March 3, 2014Sale 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.