ONTARIO, CA-Three buyers have paid $27.15 million for office, industrial and retail properties in three separate transactions that have closed here and in Lake Elsinore in recent weeks in a series of Inland Empire deals. The properties that changed hands included a two-building multi-tenant professional office complex totaling 125,497 square feet at Ontario Gateway, a 45,560-square-foot retail building fully occupied by L.A. Fitness in Lake Elsinore and two industrial and flex buildings totaling 129,690 square feet at the Business Park at Belmont in Ontario.

In the Ontario Gateway sale, the Lee & Associates Investment Services Group reports that an investment group bought the two buildings from Jefferson-Pilot Investments Inc. for $8.75 million. Ontario Gateway “was on the market for just three months and drew 15 offers, reflecting the high investor demand,” said Edward Indvik, vice chairman of Lee ISG. The Lee team, which represented both the buyer and the seller, included Indvik and Lee ISG founding principal Matthew Sullivan along with senior vice president David Mudge and associate Julia Corona-Thompson of the Lee & Associates Inland Empire Office Group in Riverside.

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