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California  + Inland Empire  + Office  | 

MGR Takes Full Control of Ontario’s Empire Towers

Empire Towers V, a five-story 124,529-square-foot Class A office building in Ontario, CA, has traded hands for $29.87 million. Upland, CA-based MGR Realty acquired the institutional-quality asset from TA Associates.

Built in 2007 and situated on 4.4 acres at 3990 Concours St., the property is near numerous amenities including Ontario Mills Mall, Citizens Business Bank Arena and Ontario Convention Center. The Inland Empire West property is currently 100% occupied by 11 tenants including United Health Care Services, Chapman University and CEMEX.

NKF’s Kevin Shannon, Ken White and Michael Moore represented the seller. The buyer was self-represented.

“This is the second sale NKF Capital Markets has brokered in the Empire Tower master-planned park,” said Shannon. “In February 2017, MGR acquired the adjacent Empire Towers I to IV for $78.5 million, which totals four buildings and nearly 401,000 square feet. This latest acquisition is a strategic purchase that will complete MGR’s control of the entire Empire Towers development.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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