{"id":1004638622,"date":"2023-01-09T13:10:00","date_gmt":"2023-01-09T21:10:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004638622"},"modified":"2023-01-09T15:14:01","modified_gmt":"2023-01-09T23:14:01","slug":"mgr-real-estate-acquires-inland-empire-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/","title":{"rendered":"MGR Real Estate Acquires Inland Empire Office Asset"},"content":{"rendered":"
\"\"<\/a>

Ontario Airport Tower<\/p><\/div>\n

MGR Real Estate<\/strong> has acquired Ontario Airport Tower, a 147,732-square-foot office building in the Inland Empire, Calif. Way Commercial Realty<\/strong> sold the six-story asset for $39 million.<\/p>\n

According to CommercialEdge data, the Class A building last traded in 2015, when Way Commercial Realty acquired the asset for $40.7 million from True North Management Group<\/strong>. That same year, the property became subject to a $29 million Wilmington Trust CMBS<\/strong> loan originated by Argentic<\/strong>, the same source shows.<\/p>\n

Completed in 2008, Ontario Airport Tower was developed by PGP Partners Inc<\/strong>. and designed by BPA Architecture<\/strong>. The building is LEED-Silver certified, having a steel frame construction with glass and masonry exterior. The complex also features controlled access and 750 parking spaces.<\/p>\n

Located at 2855 E. Guasti Road, the property sits on a 10.6-acre site adjacent to Interstate 10. There are multiple retail, hotel and dining options in the area, including Ontario Mills Mall. Ontario International Airport and Cucamonga-Guasti Regional Park are within a 1.1-mile radius from the property. The facility was 89 percent leased at the time of the sale.<\/p>\n

Newmark<\/strong> brokered the transaction, representing the buyer and arranging the financing. The team was led by Executive Managing Directors Ken White, Brunson Howard and Paul Jones, Co-Head Kevin Shannon, Senior Managing Director Michael Moore and Managing Director Brian Bowis.<\/p>\n

Newmark also recently represented Angelo, Gordon & Co<\/strong>. in selling a 120,354-square-foot medical office property in Laguna Hills, Calif. Buchanan Partners purchased the Class A building for $28.1 million<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ontario Airport Tower traded for $39 million.<\/p>\n","protected":false},"author":3014,"featured_media":1004638624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1594,21742,21747,15],"tags":[38163,50999,33531,36614],"class_list":["post-1004638622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-los-angeles","category-latest","category-office","category-west","tag-ken-white","tag-newmark","tag-paul-jones","tag-true-north-management-group"],"acf":[],"yoast_head":"\nMGR Real Estate Acquires Inland Empire Office Asset - CPE<\/title>\n<meta name=\"description\" content=\"MGR Real Estate has acquired Ontario Airport Tower, a 147,732-square-foot office building in the Inland Empire, Calif.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGR Real Estate Acquires Inland Empire Office Asset\" \/>\n<meta property=\"og:description\" content=\"MGR Real Estate has acquired Ontario Airport Tower, a 147,732-square-foot office building in the Inland Empire, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-09T21:10:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-09T23:14:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Ontario-Airport-Tower.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/\",\"name\":\"MGR Real Estate Acquires Inland Empire Office Asset - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Ontario-Airport-Tower.jpg\",\"datePublished\":\"2023-01-09T21:10:00+00:00\",\"dateModified\":\"2023-01-09T23:14:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"MGR Real Estate has acquired Ontario Airport Tower, a 147,732-square-foot office building in the Inland Empire, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Ontario-Airport-Tower.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Ontario-Airport-Tower.jpg\",\"width\":1024,\"height\":768,\"caption\":\"Ontario Airport Tower\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MGR Real Estate Acquires Inland Empire Office Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MGR Real Estate Acquires Inland Empire Office Asset - CPE","description":"MGR Real Estate has acquired Ontario Airport Tower, a 147,732-square-foot office building in the Inland Empire, Calif.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/","og_locale":"en_US","og_type":"article","og_title":"MGR Real Estate Acquires Inland Empire Office Asset","og_description":"MGR Real Estate has acquired Ontario Airport Tower, a 147,732-square-foot office building in the Inland Empire, Calif.","og_url":"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-01-09T21:10:00+00:00","article_modified_time":"2023-01-09T23:14:01+00:00","og_image":[{"width":1024,"height":768,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Ontario-Airport-Tower.jpg","type":"image\/jpeg"}],"author":"Diana Firtea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/","name":"MGR Real Estate Acquires Inland Empire Office Asset - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Ontario-Airport-Tower.jpg","datePublished":"2023-01-09T21:10:00+00:00","dateModified":"2023-01-09T23:14:01+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"MGR Real Estate has acquired Ontario Airport Tower, a 147,732-square-foot office building in the Inland Empire, Calif.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Ontario-Airport-Tower.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Ontario-Airport-Tower.jpg","width":1024,"height":768,"caption":"Ontario Airport Tower"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/mgr-real-estate-acquires-inland-empire-office-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"MGR Real Estate Acquires Inland Empire Office Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Ontario-Airport-Tower.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004638622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004638622"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004638622\/revisions"}],"predecessor-version":[{"id":1004638749,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004638622\/revisions\/1004638749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004638624"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004638622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004638622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004638622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}