The portfolio includes a three-story 78,537-sf building at 3536Concours St. in Ontario, in addition to the fully entitleddevelopment site for 888 Haven Ave. at the southeast corner ofHaven Avenue and Concours Street in Ontario. The other twodevelopment sites, which are fully entitled, are at the RetreatBusiness Center on the southwest corner of Weirick Road and theI-15 Freeway in Corona.

The Ruth Group and the seller, Ontario-based Empire Commercial,executed the deal privately. According toPhil Woodford, a seniorvice president at CBRE, the deal demonstrates that "seasoned officedevelopers believe in the Inland Empire office market and itscontinued growth." Woodford and his team, including senior vicepresident Vindar Batoosingh and associate Brandon DeVaughn,assisted Ruth in the acquisition of the Inland Empireproperties.

The portfolio's three entitled development sites present whatthe new owner calls "a rare and unique opportunity for thedeveloper to acquire permit-ready land, requiring little to no downtime." In a market where the entitlement process can span years andinvolve high costs, the Ruth Group anticipates breaking ground soonon the Retreat Business Center.