Hall Equities Group is pleased to announce that it has acquired the Inland Empire office-building portfolio of Arden Realty (NYSE). Consisting of four office buildings in Southern California’s booming Inland Empire, the buildings total approximately 350,000 (R) square feet. The buildings include; the 115,000 (R) square foot Centrelake Plaza mid-rise class “A” office building, located adjacent to Ontario International Airport in Ontario, CA.; and the 106,500 (R) square foot HDS Plaza mid-rise class “A” office building, located in the “Tri-Cities” commercial area of San Bernardino, near the I-15/I-215 interchange. Also acquired were; Havengate Commerce Center in Rancho Cucamonga, totaling 80,000 (R) square feet; and the 48,500 (R) square foot Chicago Avenue Business Center in Riverside.
The buyer was a private investment entity organized and managed by Hall Equities Group principals. Purchase money financing was placed with Jackson National Life Insurance Company through Northmarq Capital. The portfolio was 98% leased at close of escrow.
Hall Equities Group is pleased to announce that it has established a new Southern California regional office, and has recruited Ms. Tina Greene-Martin to the firm as a Senior Property Manager for the Southern California region. The new office is located in Ontario, California, at:
3401 Centrelake Drive, Suite 425
Ontario, CA 91761
Tel. (909) 605-5666
Fax (909) 605-2093
The firm has also hired several other new employees, along with Ms. Greene-Martin, to staff the new regional office, all of whom were previously employed by Arden Realty, or other vendor service providers associated with the operations of the Arden Inland Empire Office portfolio recently acquired by Hall Equities Group.
