Newmark Facilitates Off-Market Sale of Office Campus in Ontario, California for Nearly $25 Million

May 1, 2026 9:00 AM

Newmark announces that the Company has arranged the sale of Lakeview, a two-building Class A office campus in Ontario, California, within the Inland Empire West submarket for $24.675 million to MGR Real Estate. The campus totals 106,345 square feet and includes 1.85 acres of excess land for immediate development.

Newmark Vice Chairman Paul Jones and Senior Managing Director Brandon White, in collaboration with Co-Head of U.S. Capital Markets Kevin Shannon, represented seller BH Properties in the transaction. MGR Real Estate was self-represented by its Founder and Chief Executive Officer, Michael G. Rademaker, and Tony Hermosillo, Vice President of Real Estate.

"We are pleased to have facilitated this off-market transaction of a premier Class A campus with meaningful optionality," said Jones.

"We are excited to add Lakeview to our growing portfolio of high-quality assets in the Inland Empire," said Rademaker. "The property's strong fundamentals, combined with its prime location, strategically located nearby many of MGR's current assets, align well with our long-term investment strategy."

Lakeview comprises two Class A, three-story office buildings totaling 106,345 square feet with a 4.1 per 1,000 parking ratio which can be expanded utilizing the excess land on the 7.85-acre site. Built in late 2004 as part of the master-planned Centrelake Business Park, the buildings feature a steel-and-glass exterior with attractive central lobbies and a campus-like courtyard overlooking a lake.

Strategically located with immediate access to the I-10 Freeway between Haven Avenue and Archibald Avenue, the campus offers strong visibility and connectivity. The property is surrounded by walkable amenities, including restaurants and hotels, and is near Ontario Mills, Toyota Arena, the Ontario Convention Center and Ontario International Airport, which is less than a mile away.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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