Ontario office park garners 11 leases in past three months
CIP Real Estate has secured 11 leases in the past three months in the Empire Towers office park in Ontario. CIP Real Estate owns four of the five Empire Towers buildings in partnership with Guggenheim Real Estate.
The transactions included:
● Merrill Lynch/Bank of America, which has renewed a lease valued at more than $1.06 million at 4141 Inland Empire Blvd. The ownership was represented by Phillip J. Woodford of CB Richard Ellis and Merrill Lynch/Bank of America was represented by Myron Galchutt of Newmark Knight Frank.
● Sedgwick Claims Management renewed a lease valued at $1.5 million at 3633 Inland Empire Blvd. Sedgwick Claims was represented by Wyatt Prichard of CIP Real Estate and Sedgwick Claims Management was represented by Vindar Batoosingh of CBRE.
● XO Communications has signed a new lease valued at more than $400,000 for property also located at 3633 Inland Empire Blvd. The ownership was represented by Vindar Batoosingh of CBRE and XO Communications was represented by Darren M. Eades of Jones Lang LaSalle.
● Windsor Foods signed a lease expansion at 4200 Concours. This transaction was valued at approximately $370,000. Wyatt Prichard of CIP Real Estate Property Services represented both parties in the transaction.
● Word & Brown signed a lease expansion for $485,000 in the nine-story tower at 3633 Inland Empire Blvd. Word & Brown was represented by Jason Hoffman of Mohr Partners.
● Mutual of Omaha signed a lease valued at $300,000 for a new regional office at 3633 Inland Empire Blvd. Mutual of Omaha was represented by Adam X.
Espinoza of Grubb & Ellis and the ownership was represented by Philip Woodford and Vindar Batoosingh of CBRE's Ontario office.
Other leases: National General Insurance Co., American Justice Mitigation, Kaiser Ventures, Powell Electronics and Fidelity National Title.
The transactions included:
● Merrill Lynch/Bank of America, which has renewed a lease valued at more than $1.06 million at 4141 Inland Empire Blvd. The ownership was represented by Phillip J. Woodford of CB Richard Ellis and Merrill Lynch/Bank of America was represented by Myron Galchutt of Newmark Knight Frank.
● Sedgwick Claims Management renewed a lease valued at $1.5 million at 3633 Inland Empire Blvd. Sedgwick Claims was represented by Wyatt Prichard of CIP Real Estate and Sedgwick Claims Management was represented by Vindar Batoosingh of CBRE.
● XO Communications has signed a new lease valued at more than $400,000 for property also located at 3633 Inland Empire Blvd. The ownership was represented by Vindar Batoosingh of CBRE and XO Communications was represented by Darren M. Eades of Jones Lang LaSalle.
● Windsor Foods signed a lease expansion at 4200 Concours. This transaction was valued at approximately $370,000. Wyatt Prichard of CIP Real Estate Property Services represented both parties in the transaction.
● Word & Brown signed a lease expansion for $485,000 in the nine-story tower at 3633 Inland Empire Blvd. Word & Brown was represented by Jason Hoffman of Mohr Partners.
● Mutual of Omaha signed a lease valued at $300,000 for a new regional office at 3633 Inland Empire Blvd. Mutual of Omaha was represented by Adam X.
Espinoza of Grubb & Ellis and the ownership was represented by Philip Woodford and Vindar Batoosingh of CBRE's Ontario office.
Other leases: National General Insurance Co., American Justice Mitigation, Kaiser Ventures, Powell Electronics and Fidelity National Title.
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