SOURCE: SARES REGIS Group

SARES REGIS Group

November 11, 2010 20:05 ET

SARES-REGIS Group Signs American Building Supply to 10-Year Lease of Distribution Building in Rialto, Calif.

IRVINE, CA--(Marketwire - November 11, 2010) - SARES-REGIS Group signed American Building Supply to a 10-year-lease for a 715,433-square-foot distribution building in Rialto, Calif. The lease is valued at more than $20 million.

Michael Wood, Director of Leasing at Irvine, Calif.,-based SARES-REGIS Group, said the lease represents an expansion for American Building Supply, which will be consolidating three locations, totaling about 650,000 square feet, at the facility. The lease takes effect March 1, 2011.

It is the largest of three buildings developed by SARES-REGIS Group in its 1.6-million square-foot Rialto Commerce Center that was completed in 2006.

American Building Supply will consolidate operations from two Rancho Cucamonga locations, a 264,558-square-foot building at 11655 Jersey Blvd. and a 240,000-square-foot building at 12200 Arrow Rd. The company also is relocating Phoenix operations in 150,000 square feet to Rialto. SARES-REGIS Group was represented by Chuck Belden of Cushman & Wakefield. Jay Dick of CB Richard Ellis represented American Building Supply.

American Building Supply is a leading national door, frame and hardware supplier and seller of quality window and millwork products. The company is based in Sacramento, Calif.

SARES-REGIS Group is one of the leading developers and managers of commercial and residential real estate in the western United States. Currently, the company has more than 4 million square feet of commercial space in the entitlement process. SARES-REGIS Group has a combined portfolio of property and fee-based assets under management valued at more than $4 billion, including 15 million square feet of commercial and industrial space. Since its inception the company has acquired or developed approximately 44 million square feet of commercial properties. For more information, go to www.sares-regis.com.

Photo available on request 

Contact Information

  • Contact:
    Art Barrett
    714.602.6021
    714.309.3700

    Zoe Solsby
    SARES REGIS Group
    949.809.2400