Major office property changes hands
Empire Corporate Center, one of the more visible office properties in the Inland Empire, has been sold.
The four-story, Class A project at 800 Haven Way – currently 83 percent occupied – sold for $16.5 million, according to a statement released Monday by Newmark Knight Frank.
MGR Services in Upland was the buyer. TA Associates, a private equity firm in Boston, was the seller.
Empire Corporate Center, at Haven Avenue and Inland Empire Boulevard, was built in 1985 and renovated two years ago. It covers more than 80,000 square and is near three major freeways and Ontario International Air.
Newmark Knight Frank is one of the world’s leading commercial real estate advisory firms, with more than 400 offices and 15,000 employees worldwide, according to the statement.