RANCHO CUGAMONGA, CA-Trigild recently closed the $50.8 million receivership sale of the 392,702-square-foot Atrium at Empire Lakes office complex. Located at 10801 E. 6th St. in Rancho Cucamonga, the property was sold to Inland Empire Health Plans (IEHP), a major tenant that Trigild placed in the building in mid-2013.
Appointed receiver of the property in 2012, Trigild facilitated the sale with Cushman and Wakefield and attorney Fernando Landa of the San Diego law firm CGS3. Trigild will remain on board as property manager, overseeing day-to-day operations of the complex.
When it went into receivership, the two-story building was 42% occupied. According to Nancy Daniels, Trigild's director of real estate, Trigild was able to quickly secure tenants, including IEHP, to bring the occupancy to over 90%. The office complex – built in 1988 and renovated in 2001 – also houses such high profile tenants as State Farm, Parsons Construction and Chicago Title.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
