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RANCHO CUCAMONGA, CA-New tenant Co-Op Financial Services has signed a $14 million lease for 75,000 sf of office space at the Hileman Co.'s $60 million HavenPark mixed-use development, where Hileman also has sold a parcel for the development of a new Starwood hotel. With the signing of the eight-year lease by Co-Op Financial, which is one of the nation's largest credit union-owned electronic funds transfer networks, Hileman's development is 75% leased.

Jack Hileman, founding partner and president of the Hileman Co., says that the company expects the remainder of the office space to be taken by build-out of the project in May 2007. The office component of the project consists of two three-story, 75,000-sf buildings now under construction.

For the hotel portion of the project, the Hileman Co. has entered into a purchase agreement with a John Buck Co./Interstate Hotels & Resorts joint venture for the sale of a two-acre parcel within the 12-acre project for the development of a new concept, 136-room hotel under the Aloft brand. Aloft is the newest brand under the flag of the Starwood Hotels & Resorts Worldwide Inc.'s W Hotels division.