Ontario: One Lakeshore Centre Acquired for $36.8 Million
Ontario, CA – After extensive interest from top real estate investment firms throughout the Southern California region, MGR Real Estate secured the purchase of the highly desired One Lakeshore Centre in Ontario, CA for $36,850,000.
One Lakeshore is a Class-A office campus, comprised of two buildings, totaling 176,813 square feet, on a 6.7 acre site. The buildings house 28 tenants, including Farmers Insurance, Regus, Prudential, Ignite Design & Advertising and Pacer Technology. MGR Property Management will be handing leasing and management of One Lakeshore Centre.
In recent years, Ontario has become one of the fastest growing population centers in the United States and Michael Rademaker (MGR’s Founder & CEO) has become one of the leaders in acquiring and professionally managing commercial real estate in the Inland Empire. One Lakeshore marks another asset to Mr. Rademaker’s already considerable portfolio of commercial real estate properties in Southern California.
With the Inland Empire being named as the second fastest growing area in high-tech jobs, the influx of companies, both foreign and domestic has increased exponentially. The expansion reflects a region of advancement and economic improvement, as it changes with the technological growth of society.
“As a longtime resident and supporter of the Inland Empire, I’m proud to acquire One Lakeshore and be part of a progressive community that is diversifying its economy. This is an exciting time for the region and I anticipate we will continue to see the primary forms of industry change as the scope of business increases within the area,” says Rademaker.
Just two miles from the Ontario airport, One Lakeshore Centre is a prime location for many of the foreign companies opening branches in the area, particularly Asian businesses . With the recent news that China Airlines is making Ontario International a new hub for non stop flights, the demand for office and residential space will only continue to increase in this market. Mr. Rademaker expertly anticipated this change several years ago and continues to be at the forefront of this growth, with his holdings making up a major percentage of the Inland Empire office market.
For information on space availability at One Lakeshore Centre, please contact Michael Rademaker 909-581-6600.
About MGR Real Estate and MGR Property Management:
Founded over 30 years ago 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 rate. 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.