This Week's LA Deal Sheet
JLL, in a move to expand its loan sales platform, added Chad Coluccio as a managing director on its capital markets team. Coluccio will be part of the loan sales team and work out of JLL’s Orange County office.
Coluccio was previously with Mission Capital Advisors, where he spent 13 years closing billions of dollars in loan sales.
Coluccio will work with Sean Ryan and Will Sledge, JLL senior managing directors and co-leads of JLL’s national loan sales platform, and JLL Senior Managing Directors Tom Hall and Brett Rosenberg to source, evaluate and execute loan sales.
PEOPLE
Ryan Gillard joined Colliers as senior vice president for the firm’s retail investment sales team. The team works nationally and is led by El Warner. Based out of Irvine, Gillard will support Colliers’ top institutional clients. Gillard was senior vice president of investments for Donahue Schriber before coming to Colliers.
SALES
Rexford Industrial spent $40M on an 8-acre parcel in Irwindale that included two buildings measuring more than 67K SF. DAUM Executive Vice President and principal Dennis Sandoval along with DAUM Associate Vice President Kevin Sandoval and associate Bryan Sandoval represented the seller, DS Services of America Inc., a water bottling and distribution company. Dennis Sandoval also represented the buyer.
***
Center Pointe, a 41K SF grocery-anchored retail center at 27281 Newport Road in Menifee, sold for $24.6M. The seller of the newly developed center was Tourmaline Capital. The undisclosed buyer purchased the property through a 1031 exchange. Center Pointe is 96% leased. JLL Managing Director Gleb Lvovich, Senior Director Daniel Tyner and Managing Director Geoff Tranchina of the retail capital markets team represented the seller.
***
Award-winning Whitewater Films sold its headquarters in Sawtelle. The four-parcel property was sold to RBM, which plans to develop the approximately 22K SF property at 11264 La Grange Ave. into apartments. The purchase price wasn't disclosed, but The Passman Group, which represented both the seller and the buyer, said the sale price was eight figures. Public records don't yet reflect the sale.
LEASES
Northeast Valley Health Corp. signed a roughly 13K SF lease at 17909 Soledad Canyon Road in Santa Clarita. In its new office, NEVHC will expand its medical and dental services in the Santa Clarita and Canyon Country areas. JLL’s Chris Isola and Bryan Lewitt represented NEVHC in the lease. The landlord, Intertex HE Deerpath LLC, was represented by Intertex Property Advisors.
Pacific Retail Capital Partners has moved its new corporate headquarters to 2029 Century Park E in Century City. PRCP also launched an architectural design studio. The new studio will be overseen by Annmarie Plenge, a former principal at Gensler who co-led the mixed-use and retail centers practice.
