MGR Acquired $135M in Inland Empire Commercial Real Estate in 2017
Ontario, CA – MGR is proud to announce record activity for the 2017 calendar year. Over the last twelve months, MGR acquired $135,855,000 in commercial real estate, totaling 4 transactions.
The transactions include the four Empire Buildings for $78,500,000, the $36.8 million purchase of the One Lakeshore Centre, the $16,500,000 purchase of 800 Haven Ave., and the Banner Bank building for $4,055,000.
- Ontario: One Lakeshore Centre Acquired for $36.8 Million
- $16.5 Million Sale of Empire Corporate Center in Ontario
Additionally, MGR moved office headquarters from Upland to a 30,000 square foot office in Ontario. This marks a welcomed change and will support the company’s rapid growth as more staff is brought on.
MGR will continue its success in the 2018 calendar year, as the company plans to expand their portfolio into the Orange County and San Diego markets.
“I am incredibly proud of my staff and what we accomplished together as a company in 2017. I welcome our forward momentum and continued expansion,” says Michael Rademaker, Founder and CEO of MGR.
About MGR Real Estate and MGR Property Management
Founded in 1983, the MGR mission has always been the same, to treat their client’s properties as if they were their own.
A fully integrated commercial real estate and residential sales, property management firm, MGR develops customized programs to ensure that each property is a valuable investment now and in the future. The results of their expertise are evident in the fact that their portfolio are leased with over 95% occupancy. Michael Rademaker, Founder & CEO, builds teams of discipline and seasoned professionals who are dedicated and results-oriented. He believes the company’s success is the direct result of the quality of the professionals and specialists that serve on the MGR Real Estate and Property Management Teams.