Prime A Investment Purchases 3.75 Acre-Parcel in Ontario

Prime A Investment LLC, a Victorville-based private investor, has purchased a 3.75-acre parcel near the Ontario Convention Center in Ontario. The sale price was not disclosed. The buyer plans to build a full-service Holiday Inn Hotel on the site. The Ontario City Council unanimously approved plans for the hotel on Sept. 9

The parcel is located at the junction of Holt Boulevard and Convention Way. The site is in a complex that includes two office buildings and a Marie Callender's restaurant. Atlanta-based Lodgian Inc., one of largest owner the nation's and operators of hotels, sold the property.

Jordan Richman, senior vice president with Grubb & Ellis' hospitality group, represented the seller in the transaction. The buyer represented itself.

GHTHB Buys into Huntington Beach

GVA DAUM announced a build-to-suit, $6.75 million transaction for a new industrial facility on 3.5 acres of land in Huntington Beach.

Chris Migliori, SIOR, executive vice president in the Anaheim office of GVA DAUM, said GHTHB LLC of Orange County is the buyer of the 65,000-sq.-ft. facility to be built at the intersection of Bolsa Chica Avenue and the San Diego Freeway.

Migliori and Rudy Lara of GVA DAUM's South Bay office represented GLJ Holdings LLC, the seller/developer of the new project. Keith Wilson of Colliers Seeley represented the buyers, who will utilize the new building as a wholesale distribution center.

Groundbreaking for the new concrete tilt-up building is scheduled for January.

Pacifica Hospitality Group Buys Apartment Complex in Riverside

Pacifica Hospitality Group Inc., a San Diego-based investment group, purchased the Mission Grove Garden Apartments in Riverside. The transaction was valued at $16 million.

The 120-unit, 12-building apartment complex, located at 200 E. Alessandro, was built in 1989. The property, which was 99-percent occupied at the time of sale, was sold by Los Angeles-based Jamco Holdings Corp.

John Daciolas and John Kalmikov of Grubb & Ellis' Ontario office represented the buyer and the seller in the transaction.

Marine Retail Management Purchases Retail Property in Rocklin

Marine Retail Management, a Rocklin boat retailer, has expanded its sales operation with the recent purchase of a 15,400-sq.-ft. building in the Granite Creek Business Park. The transaction was valued at $2.2 million.

Granite Creek Business Park is a 250,000-sq.-ft. flex/office/retail park.

Marine Retail is slated to occupy the building, which is located at 4420 Granite Dr. later this month. The buyer also owns a building across the street.

Brian Barnes and John Newton of Grubb & Ellis' Sacramento office represented the buyer and the seller, Stockton-based Granite Creek Business Park LLC.

Basha Bros. Purchases Industrial Building in Azusa

Basha Bros., a manufacturer of fine jewelry, purchased a 14,000-sq.-ft. industrial building in Azusa. The transaction was valued at $1.2 million.

Basha will be occupying its new space, located at 1031 Kirkwall Rd., over the next several months. The company will be occupying a portion of the building and leasing back a portion to the current user. Basha relocated from leased office space in the Jewelry District in downtown Los Angeles.

Ryan Campbell and Rick Sheckter of Grubb & Ellis' San Gabriel Valley office represented the buyer in the transaction. Lynn Knox of CB Richard Ellis represented the seller, a private investor.

Industrial Site in Oceanside Sold for $6.1 Million

Carltas Investments LP and the Koll Co. have purchased a 24.6- acre site east of Rancho del Oro Drive and north of Oceanside Boulevard in Oceanside for $6.1 million. The City of Oceanside was the seller.

Tim Moore and Mel Coffman of GVA IPC represented the buyers.

Formerly known as Collins Property Lot Five, the site is planned for the new Seagate Corporate Center, an industrial development designed to serve as a flex-use facility that will accommodate a variety of research and development spaces and office buildings available for sale and lease. Site improvement costs are expected to be about $3 per sq. ft.