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California  + Inland Empire  + Retail  | 

Redlands Business Park Acquired for $12M

An office business center in Redlands, CA sold to an undisclosed 1031-exchange buyer for $12.25 million. Located at 1453-1481 Ford St., the Class A office and retail business park includes seven buildings totaling 70,389 square feet, with more than 1,000 feet of frontage and signage opportunity along Interstate 10.

CBRE’s Gary Stache, Anthony DeLorenzo, Doug Mack, and Michael Day represented the seller, Olympic-Barrington Partnership.

Stache says, “Redlands is one of the hottest markets in the Inland Empire East, as the city boasts a vibrant up-and-coming downtown community, which is attractive for tenants seeking a more urban environment. This office center ideally caters to this increasing influx into the region.”

Developed in 2008, the property features modern design, high ceilings, and an abundance of parking. Retail amenities include Subway, Curves health club, and Tavola Pizzeria, as well as such tenants as Wells Fargo Mortgage, United Healthcare, and G&H Kickboxing.

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Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.