SOURCE: American Realty Advisors

September 06, 2007 12:44 ET

American Realty Advisors Acquires Two Properties Within the Rancho Cucamonga Distribution Center

GLENDALE, CA--(Marketwire - September 6, 2007) - American Realty Advisors announced today the acquisition of two Class A industrial buildings totaling 434,915 square feet in Rancho Cucamonga, CA. Each building is 100% leased to strong credit tenants including Jenny Craig Inc., one of the world's largest weight management companies, and Ferguson Enterprises, a major U.S. distributor of plumbing and heating products. Built in 1990 and 1992, these buildings are strategically located near the I-10, I-15, and I-210 Freeways and in close proximity to the Ontario International Airport. The buildings feature easily accessible concrete truck yards, cross-dock loading doors and extensive freezer and cooler space, ideal for food service industry corporations. This transaction was completed on behalf of one of American's separate account clients.

A spokesperson for American stated, "The Inland Empire is one of Southern California's dominant industrial markets. The Rancho Cucamonga warehouse submarket is exceptionally strong and we believe the Property is well positioned to continue its solid performance due to diminishing land supply and tightening vacancy rates."

American Realty Advisors, a California corporation, is an SEC-registered investment advisor under the Investment Advisers Act of 1940 and a leading provider of real estate investment management services to institutional investors. With more than $4.4 billion* in assets under management, American has provided innovative real estate solutions to institutional investors for over 19 years utilizing core and value-added commingled funds and separate accounts. The firm's portfolios include office, industrial, multi-family, and retail properties nationwide. Information regarding American can be found online at www.americanreal.com.

* Estimated as of June 30, 2007, representing gross value of all assets and accounts managed by American (excluding partners' share of equity and partners' share of debt on partnership investments) plus approximately $479 million in undrawn commitments.

Contact Information

  • Contact:
    Joyce Ezaki
    818/409-3280

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