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1/02/08
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NEWPORT BEACH, Calif. (Jan. 02, 2008) – LNR Property Corporation’s Commercial Property Group, the company’s real estate development and investment division, has started construction on Entrada Gateway Center, a two-building, four-story Class A office project in the Los Angeles suburb of Valencia, Calif.
Entrada Gateway Center will be the premier office campus in the Santa Clarita Valley. The buildings are constructed with a meticulously engineered steel frame, which helps to create the large efficient column-free floor plates and maximum flexibility demanded by tenants in today’s marketplace. The buildings also offer a high-performance curtain wall and window design, which maximizes the availability of natural light while still achieving energy efficiency beyond that required by California’s strict energy codes.
The project’s hill-top location overlooking Interstate 5 provides not only immediate freeway access, but also prominent freeway signage that is visible to more than 300,000 cars daily, making Entrada Gateway Center the perfect location for a “high identity” corporate headquarters. With proximity to the area’s many amenities, diverse housing options, and abundant surface parking, Entrada Gateway Center offers an ideal location for any corporate tenant.
“The Santa Clarita Valley market has not seen a project of this quality before,” said Ken O’Neill, vice president of LNR Property Corporation. “Our extensive experience and investment in the market indicated to us that the time was right for a project like Entrada Gateway Center, and the positive response from the market has validated the decision.”
The nine-acre project broke ground in third quarter 2007 and is scheduled for completion in third quarter 2008. Several large corporate tenants are in negotiations to lease space on the campus.
The brokers of record for Entrada Gateway Center are Douglas Marlow and David Solomon of CB Richard Ellis.
About LNR
Headquartered in Newport Beach, Calif., the Commercial Property Group operates as the real estate development and investment division of LNR Property Corporation. LNR Property Corporation is a $3 billion private company with its corporate headquarters located in Miami Beach, Fla.
LNR is a market leader in the master planning and development of commercial properties and is invested in large commercial developments and redevelopment transactions that range in size from $10 million to more than $100 million. Supported by 15 offices across the United States, LNR has been responsible for the successful development, redevelopment and repositioning of more than 1,000 properties in 33 states during the last 15 years. Its expertise extends to a range of property types including office, industrial, retail, apartments, hotels, land and military base reuse. LNR can be found on the Internet at www.lnrcpg.com.
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