MGR Real Estate Acquires Office Property In Ontario For $39M

The office building located at 2855 E. Guasti Rd in Ontario has been sold in a transaction facilitated by Brian Bowis, Kevin Shannon, Ken White, Brunson Howard, and Paul Jones. The sale took place on January 6, 2023. The property, with a total square footage of 148,000, was sold for $39,000,000, resulting in a price per square foot of $264.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $39,000,000
• Address: 2855 E. Guasti Rd, Ontario
• Square Footage: 148,000
• Market: Ontario

MGR Real Estate acted as the buyer in this transaction, while Kevin Shannon, Ken White, Brunson Howard, and Paul Jones from Newmark represented the buyer. Brian Bowis, also from Newmark, served as the mortgage broker.