(Read more on the industrial market.)
NEWPORT BEACH, CA-Hager Pacific Properties has renewed StaterBros. to a $35-million lease at one of the Newport Beach firm'sInland Empire properties and has expanded its portfolio of OrangeCounty holdings with the acquisition of a $6-million industrialbuilding. The Stater Bros. lease is for the supermarket chain's788,000-sf corporate campus in Colton, and the $6-millionacquisition is a 65,000-sf building in Anaheim.
The Stater Bros. deal is for 15 years at its current corporatecampus at 21700 Barton Rd. in Colton, which has been the corporatehome of the company for more than 40 years. The Colton campusincludes corporate office, dry goods warehousing, freezer and foodproduce buildings.
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