X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

RIALTO, CA-Toy manufacturer MGA Entertainment of Van Nuys has acquired a 435,000-sf distribution building from Irvine-based Sares-Regis Group for $23 million. The facility is one of four warehouse and distribution buildings totaling 1.6 million sf Sares-Regis is developing a its 89-acre Rialto Commerce Center.According to Larry Lukanish, VP in Sares-Regis Group’s Commercial Investment Division, MGA closed escrow on the building as it was completed. MGA makes the popular Bratz dolls and other toys and games. The remaining buildings at Rialto Commerce Center, which is north of Interstate 10 off Cedar Avenue, measure 715,000 sf, 383,000 sf and 128,000 sf. Sares-Regis expects to complete the other three structures at the beginning of next year and is marketing them for sale or for lease.The Rialto Commerce Center is being developed on a site that Sares-Regis created by assembling three contiguous parcels that it bought from three individual sellers. In the sale of the building that MGA bought, the developer was represented by Joe McKay and Mike Wolfe of Lee & Associates Commercial Real Estate Services in Ontario. MGA Entertainment was represented by Les Small of Les Small and Co.The Rialto Commerce Center project is part of approximately three million sf of industrial space under development by Sares-Regis in the Inland Empire. Rialto has been landing a number of the biggest deals in the Inland Empire in recent months, including a 10-year lease for an 882,230-sf building that Solo Cup Co. signed at ProLogis Park I-210. In another of the recent Rialto deals, Opus West Corp. has announced plans to develop an 800,000-sf, 37-acre speculative industrial project called Opus Logistics Center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.