Rancho Cucamonga Offices Sell to Healthcare Provider
Kennedy Wilson Brokerage arranged the $22,250,000 sale of a prime office asset located at 11000 Eucalyptus St. in Rancho Cucamonga. The 127,000-square-foot office building will soon be home to medical office space for San Antonio Regional Hospital, an Upland-based regional healthcare provider.
SVP Gary Goodgame, EVP Jeremy Dee and associate Max Browne of Kennedy Wilson Brokerage represented the seller, Mercury Casualty Company, with which the brokerage has had a long-term relationship. Hoffman Company SVP Graham Gille represented the buyer.
“This sale exemplifies the continued trend of large office space conversion to medical use,” said Goodgame. “Mercury made a strategic operational decision to sell what many in the submarket consider a landmark building, and the property will be a valuable asset for San Antonio Regional Hospital, a well-respected regional healthcare provider whose presence in Rancho Cucamonga is a great benefit to the surrounding community.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).