Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ONTARIO, CA-An office chair manufacturer is relocating its corporate headquarters into 101,690 square feet here in a lease that includes a 30,000-square-foot expansion, and Irvine-based CIP Real Estate has signed tenants to 51,000 square feet of new leases at its Empire Towers office project, also in Ontario.

CB Richard Ellis reports that Office Master Inc., a manufacturer of ergonomic office chairs, has signed a five-year deal for its new space, which at 1110 Mildred Ave. in a newly completed building developed by Sacramento-based Panattoni Development. Office Master will bring approximately 60 jobs to the building, according to CBRE’s Lyn Eisenhower and Lynn Knox, who represented the tenant.

The lease is valued at $2.4 million and includes an option to purchase, which the tenant hopes to execute quickly, according to the brokers. Office Master Inc.’s current headquarters is at 2009 Wright Ave. in LaVerne, a building that the furniture maker owns and has occupied for approximately 10 years. Eisenhower and Knox are marketing the building for sale.

Eisenhower says that the decision to relocate to Ontario, and specifically to this building, “came down to value.” She adds, “The tenant wanted new construction, and we looked at all options in the San Gabriel Valley, but ultimately, the value we were able to achieve for the tenant with this state-of-the art building couldn’t be found in other markets.”

The Office Master lease is with Belmont & Grove Land Holdings LLC, a division of Panattoni, according to Grubb & Ellis Co., which represented the building owner in the lease. The Grubb & Ellis team included senior vice presidents Roger Rhoades and Milo Lipson, along with associate Michael Arens. The building is located within the Belmont and Grove Business Park, a prime west Ontario location, Arens points out.

In the CIP leases at Empire Towers, the Irvine-based commercial real estate investment and management company has signed 11 tenants to new leases valued at more than $5.5 million at the Empire Towers Office Park, a master-planned, five-building business center comprising more than 525,000 square feet of class-A office space. Scott Flemer, SVP of marketing for CIP Real Estate Property Services, reports “a considerable volume of leasing” at the office project from a broad range of tenants.

CIP’s new deals include four new leases, two expansions and five renewals. The two largest deals were an 11,650-square-foot renewal by Sedgwick Claims Management and a 7,945-square-foot renewal by Merrill Lynch/Bank of America. Sedgwick was represented by Vindar Batoosingh of CBRE and CIP was represented by Wyatt Prichard of CIP Real Estate Property Services. In the Merrill Lynch/Bank of America deal, the building ownership was represented by Phillip J. Woodford of CBRE and the tenant was represented by Myron Galchutt of Newmark Knight Frank.

The tenants in the other leases included XO Communications, Windsor Foods, health plan specialist Word & Brown, Mutual of Omaha, National General Insurance Co., American Justice Mitigation, Kaiser Ventures, Powell Electronics and Fidelity National Title.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



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 © 2022 ALM Global, LLC. All Rights Reserved.