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7/19/16
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There have been three new lease signings to report at Gateway Corporate Center, a two-building, 162.3k sf office campus in the east San Gabriel Valley city of Diamond Bar. These latest leases include 5.8k sf by The Society of the Advancement of Material, 6.6k sf by Zenlayer Technologies Inc and 1.3k sf by Sino-Global Shipping LA Inc.
Built in 2000, Gateway Corporate Center is a Class A complex located at 216680 and 21688 Gateway Center Dr, adjacent to the confluence of CA Highways 57 and 60. The property is owned by Buchanan Street Partners, who acquired it from Cornerstone Real Estate Advisors in January 2016.
The twin building complex is 97% leased with multiple credit tenants, including Travelers Insurance and Well Fargo Bank. The property offers a 5.3/1,000 parking ratio, and features scenic views and a strategic location within a 255-acre, master-planned corporate environment.
All parties in these latest transactions were represented by Cushman & Wakefield. Accoridng to C&W, asking lease rates are at an eight-year high for the San Gabriel Valley.
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