The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 22, 2019
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Hamilton Sundstrand Leases 79k sf Office Property in the San Gabriel Valley


Hamilton Sundstrand, a division of United Technologies Corporation, inked a lease for 79k sf of office space in San Dimas. The property is located at 936-960 Overland Court, south of the 210 Fwy and just west of the 57 Fwy.

Although the deal terms were not disclosed, per a local pro we spoke to, the lease was likely for 10 years with a total value somewhere in the neighborhood of $20 mil.

The property is part of a two-building, high-image office campus totaling approximately 177k sf of space owned by Walton Street and Stillwater Investment Group, who acquired the project in February 2015 for $18 mil. The owner then completed extensive renovation of the project, which included re-facing the building, expanding the parking field, replacing landscaping, interior demolition, along with the addition of communal exterior gathering places providing a more creative office atmosphere.

According to John P. Drachman, founder, Stillwater Investment Group, this transaction shows the strength of the East San Gabriel office market.

NKF’s Drew Sanden, Taylor Ing and Scott Maples represented the landlord in the transaction, which encompassed the entire building. United Technologies is relocating from Pomona because their existing building has been entitled for multifamily.

The San Gabriel Valley remains one of the healthiest office submarkets in Southern California, notes Sanden. “This lease represents the continued absorption of big blocks of space in what has quickly become a supply- constrained submarket. This imbalance of office supply vs. tenant demand is driving several spec office developments in the submarket which have been met with significant preleasing activity.”

Return to the Archive page



The Foto Finisher


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media