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FONTANA, CA-Sares-Regis Group of Irvine has sold the three remaining warehouse and distribution buildings at its 3.1-million-sf Sierra Business Park to San Francisco-based AMB Property Corp. for $55 million. The three buildings that AMB acquired total nearly 605,000 sf, according to Larry Lukanish, vice president of SRG's commercial iInvestment division, who oversaw the disposition.

The sale of the three buildings closes out SRG's holding in the business park, where all six buildings have been leased or sold. SRG began developing the property in 2004 when it purchased 60 acres from LNR.

In 2005 the Irvine-based development firm acquired an additional 92 acres with two 1.1-million-sf buildings that were under development from LNR. SRG sold three buildings to users, which include Torrance-based tire manufacturer Tireco Inc., and Sole Technologies, maker of the Etnies line of sports footwear and apparel.