{"id":1004205706,"date":"2018-02-02T07:14:00","date_gmt":"2018-02-02T15:14:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004205706"},"modified":"2022-12-06T17:21:44","modified_gmt":"2022-12-07T01:21:44","slug":"foremost-acquires-100-ksf-office-in-ca","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/foremost-acquires-100-ksf-office-in-ca\/","title":{"rendered":"Foremost Acquires 100 KSF Office in CA"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004205707\" style=\"width: 341px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004205707\" data-attachment-id=\"1004205707\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/foremost-acquires-100-ksf-office-in-ca\/901-coporate-center-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"901 Corporate Center Drive\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;901 Corporate Center Drive&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg?w=800\" class=\"wp-image-1004205707\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/901-Coporate-Center-Drive.jpg\" alt=\"901 Corporate Center Drive\" width=\"331\" height=\"265\" \/><\/a><p id=\"caption-attachment-1004205707\" class=\"wp-caption-text\">901 Corporate Center Drive<\/p><\/div>\n<p>Foremost Cos. has acquired a two-story, 100,000-square-foot office building in Pomona, Calif., from private owner DeVry Education Group. Stonewood Properties was appointed as the property manager and Newmark Knight Frank will continue to oversee the leasing transactions.<\/p>\n<p>\u00a0Located at 901 Corporate Center Drive, the asset occupies 9.8 acres and it is part of the 50-acre University Corporate Center business park. The facility is alongside the intersection of Interstate 10 and Freeways 57 and 71, which provide access to employment nodes in Los Angeles County, San Gabriel Valley, North Orange County and the Inland Empire. Built in 1989, the construction comprises classrooms and administrative offices for educational and professional office tenants.<\/p>\n<p><em>\u201cThe purchase of this property is part of our strategy to actively seek value-add income-producing properties in well-positioned locations across Southern California,\u201d <\/em>said Raj Panchal, director of Acquisitions at Foremost Cos., in prepared remarks.<\/p>\n<p>\u00a0Newmark Knight Frank\u2019s John Ewart and John Daciolas have been hired as leasing agents. The company recently brokered a leasing transaction on behalf of Equity Office and The Raine Group, for a 15-year, 33,253-square-foot lease at <a href=\"https:\/\/www.commercialsearch.com\/news\/nkf-adds-new-tenant-to-park-avenue-tower\/\">Park Avenue Tower in Manhattan<\/a>.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Located in Pomona, Calif., the asset will be managed by Stonewood Properties and Newmark Knight Frank will direct the leasing transactions.<\/p>\n","protected":false},"author":871,"featured_media":1004205707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,21747,15],"tags":[39008,36007,39009],"class_list":["post-1004205706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-office","category-west","tag-foremost-companies","tag-newmark-knight-frank","tag-stonewood-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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