21.06.2022
Dublin Offices and Big Chunk of Land are Bought by Veteran Developer
Overton Moore Properties (OMP) announces the sale of OMP Fontana Distribution Center, a 454,000 square foot distribution building in Fontana, CA. The project, completed in October 2012, was sold for $33,600,000 to Office Star Products. Office Star Products, is based in Ontario, CA, and the facility will be used for expansion purposes for their distribution facilities. OMP acquired the land site in August of 2011 from Hanson Roof Tile Company and developed the Class A distribution building. This is the second building in excess of 400,000 square feet that OMP sold this year in the Inland Empire.
“OMP is pleased with the sale to Office Star Products and once again, low cost financing is attracting users to buy vs. lease throughout Southern California”, noted Timur Tecimer, CEO of OMP. “OMP has an additional 1.1 million square feet in their development pipeline for 2013 in California and is looking for more sites and buildings to acquire in California and Arizona,” commented Tecimer.
Michael Giuliano, CCIM, Senior Vice President of Lee & Associates represented Office Star Products and OMP was represented by Colliers International. The listing team included Steve Bellitti, Senior Vice President, Tom Taylor, senior Vice President, Josh Hayes, Vice President and Summer Coulter, Associate.
OMP, formed in 1972, is one of the largest developers in Los Angeles County. The privately held real estate company specializes in development, acquisition, master planning, asset management, property management, marketing, construction management and financial reporting of commercial properties. OMP has developed or acquired over 35 million square feet of office, industrial and mixed-use space throughout Southern California.
21.06.2022
Dublin Offices and Big Chunk of Land are Bought by Veteran Developer
11.11.2021
New Raised Protected Bike Lanes on Hollywood Way in Burbank
07.10.2021
Glendale industrial building sells for $36M; and 7 other real estate deals to know
03.08.2021
Another fast-growing cell therapy company snags big East Bay manufacturing space
08.04.2021
Low Impact Development Stormwater Treatment – Avion Mixed-Use Development
26.01.2021
OPENING OF OMP’S FIRST SELF-STORAGE DEVELOPMENT
19.11.2020
Big north San Jose industrial complex planned at just-bought site. Veteran real estate firm plans redevelopment of north San Jose property
16.10.2020
Avion Burbank Aims to Redefine the Work Experience in San Fernando Valley
06.10.2020
Overton Moore’s $300 Million Industrial Bet Pays Off – Big Time
06.10.2020
Pacific Commons South in Fremont, CA Available Now