BH Properties Sells Office Campus in Ontario, California to MGR Real Estate for $24.7M

Irvine-Based Company Buys Ontario Office for $25M - Orange County Business Journal

An Irvine-based commercial real estate investor has acquired a two-building Class A office campus in the Inland Empire for $24.75 million in an off-market deal. MGR Real Estate purchased the Lakeview Center, a 106,345-square-foot office property at 3257 E. Guasti Road in the Ontario submarket, from Santa Monica-based BH Properties. The office is between Ontario International Airport and Ontario Mills Mall. Newmark Vice Chairman Paul Jones, Senio…

BH Properties Sells Office Campus in Ontario, California to MGR Real Estate for $24.7M

ONTARIO, CALIF. — BH Properties has completed the disposition of Lakeview, a Class A office campus in Ontario, to MGR Real Estate for $24.7 million. Situated on a 7.8-acre site, the asset consists of two three-story buildings offering a total of 106,345 square feet, as well as 1.85 acres of excess land. The campus was built in late 2004 as part of the master-planned Centrelake Business Park. Paul Jones, Brandon White and Kevin Shannon of Newmark…