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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.

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