Future Foam Inc. has paid $52.65 million, or $276.43/sf, for 190,464-square-foot Surveyor Distribution Center in Pomona, Calif. The maker of polyurethane foam purchased the property from Alto Systems Inc. of Pomona. The deal was highlighted by Kidder Mathews.
Prime funded its purchase with a $74.75 million Freddie Mac loan that has a 10-year term and 4.75 percent coupon. The property was underwritten to generate $6.39 million of net operating income, according to servicer data compiled by Trepp Inc. That ...
Commercial Real Estate Direct Staff Report Prime Residential has paid $115 million, or $368,589/unit, for the 312-unit Gabriel apartment property in Pomona, Calif. The San Francisco investor purchased the property from a venture of Greystar Real Estate Partners and CP ...
Proficiency Capital LLC, which recently acquired the McGee Business Center I & II in southern California, has lined up a $32.24 million loan against the 231,696-square-foot industrial property. JLL Capital Markets arranged the loan, which was provided by a bank. ...
Commercial Real Estate Direct Staff Report MG Properties has sold Terramonte at Foothill, a 138-unit apartment property in Pomona, Calif., for $35.5 million, or $257,246/unit. The San Diego investment manager was executing a 1031 exchange in the deal with an ...
Aries Capital has arranged $50 million of short-term financing to facilitate the purchase of the 290,195-square-foot industrial property at 2875 Pomona Blvd. in Pomona, Calif. The financing has a three-year term. Hawkeye Holdings LLC of Pomona purchased the property for ...
Stos Partners has sold the 182,275-square-foot industrial building at 159 North San Antonio Ave. in Pomona, Calif., for $45.9 million, or $251.82/sf. The San Diego investment firm was self-represented in the deal, while the buyer, which could not yet be ...
L.A. Biz Korda Group has paid $28 million, or $290.56/sf, for the 96,365-square-foot office property at 901 Corporate Center Drive in Pomona, Calif. The Los Angeles investment management company purchased the two-story property from Foremost Corporate in a deal brokered ...
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