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Commercial Real Estate

People On The Move: Michael G. Rademaker

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PEOPLE ON THE MOVE

Michael G. Rademaker

MGR CEO Recognized with Prestigious Award

Michael G. Rademaker, MGR’s Founder & CEO, has recently received CoStar’s 2019 Power Broker Award. As one of the leaders in acquiring and professionally managing commercial real estate in the Inland Empire, Rademaker has been named as a CoStar Power Broker for his transaction volume in 2019 against all other active brokers in their market.

The CoStar Power Broker Award is awarded by the CoStar Group Inc., as the leading provider for commercial real estate information, analytics, and online marketplaces. The prestigious award is now in its 20th year and recently expanded to 26 new markets. The Power Broker Awards honors those who have closed the highest transaction volume in commercial real estate in their perspective markets.

Please help us in congratulating Michael Rademaker on their 2019 Power Broker Award in the Inland Empire market.

ABOUT MICHAEL

Michael G. Rademaker is the CEO/Founder of MGR Real Estate, MGR Services, and MGR Property Management. He has over 35 years of real estate sales, leasing and property management experience. MGR currently has 3 regional locations strategically located in Upland, Colton, and Victorville to service Los Angeles, Orange, Riverside, and San Bernardino Counties.

Michael leads the commercial team of sales, leasing and management professionals at MGR. His knowledge and expertise in real estate investments allow him to successfully guide a team of nearly 400 seasoned sales professionals and provides representation to a vast clientele of commercial and residential real estate investors. He has a thorough and complete knowledge of all aspects of residential and commercial real estate investments’ including multi-family, office, retail, industrial, land, apartments, hotels and restaurants, business opportunities, and other commercial properties.

Mr. Rademaker is recognized for his exceptional success in growing clients’ real estate investment portfolios and possesses the ability to provide clients with an unparalleled perspective on the local investment real estate market. Michael has an outstanding ability to thoroughly analyze commercial properties to create a successful positioning strategy that will maximize the client’s opportunities. His approach is simple; treat client investments like it’s our own – an approach that continually results in increased value to MGR clients investment portfolios.
Under his leadership, MGR Real Estate and MGR Property Management have emerged as one of the leading residential and commercial real estate sales, leasing, and management companies in Southern California.

Professional Titles
CEO/Founder of MGR Services — Est. 1983 Corporate Office – Upland, CA
CEO/Founder of MGR Real Estate — Est. 2008 Corporate Office – Upland, CA
CEO/Founder of MGR Property Management — Est. 2008 Corporate Office – Upland, CA

Professional Summary

  • Owns three firms, each structured to meet the real estate needs of clients’ objectives.
  • Oversees operations of three office locations: Upland, Victorville, and Colton. Each office is strategically located to service a specific region. Upland is centrally located to service the entire Inland Empire and touches the borders of the Los Angeles and Orange counties. Victorville services the entire High Desert, and Colton effectively services Riverside County.
  • Both MGR Services and MGR Real Estate have a large staff of seasoned and highly skilled professionals acquired from national offices. There are currently over 350 salespersons and broker associates combined.
  • REO expert – Currently handling hundreds of residential REOs with quick sales at top prices.
  • Expert in brokering sales for local and international investors.
  • Maintains solid relationships with real estate support services, and specialists in the fields of finance, construction, law, accounting, marketing, escrow, and title.
  • MGR Property Management manages everything from residential rentals to large income properties including office buildings, retail centers, and apartment complexes. Experts in all facets of property management: leasing, maintenance, tenants, rent collection, legal, accounting, etc. Staff is comprised of highly skilled managers specifically trained to maximize clients’ investments through hands-on approach and efficiency.
  • Has been performing construction management of residential and commercial properties since 1983.

Professional Achievements

  • Over 35 years of servicing real estate sales and leasing and property management, with areas of expertise in investment properties such as office buildings, retail centers, industrial buildings, apartment properties, single-tenant net-lease properties, hotels/motels, multi-family and residential properties, manufactured home communities, senior housing facilities, and land.
  • Spearheaded the companies’ combined growth to over 400 sales professionals that provide representation to a vast clientele of residential and commercial investors.
  • Ability to provide clients with an unparalleled perspective on the local investment real estate market.
  • Recognized for his exceptional success in growing clients’ real estate investment portfolios.
  • Outstanding ability to thoroughly analyze commercial properties to create a successful positioning strategy that will maximize the client’s opportunities.
  • Established solid relationships with numerous large national banks to successfully liquidate REO inventories.
  • Consistently named one of the Inland Empire’s top brokerages by CoStar Group, a recognized leader in commercial information.

Professional Areas of Expertise

  • Value Analysis & Evaluations Value Enhancement
  • Property & Asset Management
  • Leasing, Sales & Exchanges
  • Expert and Professional Negotiation
  • Value Enhancement
  • Marketing & Promotion

Professional Affiliations

  • NAR – National Association of Realtors
  • CREOBA – Commercial REO Brokers Association
  • AIR – American Industrial Real Estate Association
  • CAR – California Associations of Realtors

 

The Inland Empire Business Journal (IEBJ) is the official business news publication of Southern California’s Inland Empire region - covering San Bernardino & Riverside Counties.

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Commercial Real Estate

Dedeaux Properties Completes Strategic Expansion with 850,000 Square Feet of New Industrial Developments Across Southern California

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Innovative Logistics Facilities Launched Amid Scarce Market Inventory to Meet Growing Demand

Dedeaux Properties, a leader in logistics real estate, has successfully obtained Certificates of Occupancy for five newly constructed industrial developments across Southern California, cumulatively encompassing approximately 850,000 square feet. This significant expansion comes at a pivotal time when the availability of new industrial spaces in Southern California is at its lowest in over a decade, according to recent market analyses.

The assortment of state-of-the-art developments includes:

  • A 167,000-square-foot warehouse strategically located in Ontario.
  • A sprawling 326,000-square-foot warehouse in Riverside.
  • A 165,000-square-foot high-velocity distribution center in Fontana, tailored for rapid logistics operations.
  • A 53,000-square-foot cross-dock facility in Perris, designed to enhance transshipment efficiency.
  • A 52,000-square-foot cross-dock in San Bernardino, geared towards facilitating quicker load transfers.
  • An 83,000-square-foot distribution center in Rialto, optimized for both storage and distribution functionalities.

These projects have been meticulously developed to cater to the surging demand for high-quality logistics real estate fueled by the consistent record cargo volumes handled at the Ports of Los Angeles and Long Beach.

Matt Evans, President of Dedeaux Properties, reflects on the current market dynamics and the firm’s strategic response. “The recent disruptions in capital markets have posed significant challenges for many developers in securing construction financing, leading to a thinner market. However, the Inland Empire continues to be a magnet for industrial activities, thanks to its proximity to major ports. Our new facilities are not just buildings; they are state-of-the-art logistics solutions designed to support the dynamic needs of modern supply chains.”

To further position itself for sustained growth and leverage potential market opportunities in 2025 and beyond, Dedeaux Properties has also successfully executed several strategic financial initiatives:

  • Recapitalization of a stabilized Industrial Outdoor Storage Portfolio that includes three sites totaling 1.1 million square feet of land in San Bernardino County. This transaction was conducted in partnership with the Carlyle Group, ensuring continued benefits from stable cash flows.
  • Divestiture of the firm’s inaugural Kern County development at Tejon Ranch to a textile owner/user, which has also facilitated an expanded relationship with Tejon Ranch Company for an additional warehouse project in Lebec.
  • Refinancing and restructuring of the financing arrangements for the majority of the projects completed in 2024, which has freed up substantial equity for future acquisitions and developments.

“These proactive steps have not only solidified our financial foundation but have also allowed us to optimize our asset base, ensuring substantial returns for our stakeholders and enhancing our capacity to seize emerging opportunities in the logistics sector,” Evans concluded.

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Commercial Real Estate

Affinius Capital and McDonald Property Group Execute Pre-Lease with Otto Cap at The HUB @ Ontario International Airport

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Affinius Capital and McDonald Property Group are pleased to announce the signing of a major lease with Otto International, Inc., at The HUB. This 254,677-sq.- ft.-building lease located at 3551 East Jurupa Street, City of Ontario establishes The HUB’s first lease at its premier master-planned logistics park in Ontario, Calif. It has been secured six months prior to the scheduled completion of its initial Phase 1 of the project totaling two million sq. ft. consisting of four buildings.

The project ownership is CanAm Ontario, LLC, which consists of a notable Canadian pension fund, an investment affiliate of Affinius Capital, and McDonald Property Group. CanAm Ontario recently executed a 55-year ground lease with Ontario International Airport Authority to develop the entire 200-acre site.

“Securing this lease ahead of completion underscores the appeal of The HUB’s quality and location adjacent to Ontario International Airport,” said Eddie Gonzalez, managing director of asset management for Affinius Capital. “We are privileged that Otto International selected our Inland Empire development and pleased to count them among the companies we serve throughout our global industrial and logistics portfolio.”

Otto International committed to this long-term 154-month lease with CanAm Ontario to satisfy its expansion and future growth needs. The building will operate to scale up Otto’s next day’s shipping promise at larger volumes and reduce costs through new fulfillment automation integrated in the facility. With over 70 years of experience, Otto has established itself as a leading global manufacturer of quality headwear with 20,000 active wholesale partners. 

“Otto is extremely proud to partner with Affinius Capital and McDonald Property Group in the development of our soon-to-be flagship West Coast Distribution Center in Ontario, California,” stated Mr. Razgo Lee, Chief Executive Officer of Otto International. “Our new robotic automated facility at The HUB will allow us to streamline our West Coast logistical hub and distribution point as the premier tenant in this amazing facility. We are honored to participate in such a monumental project which will support our growth plan and commitment to our valued customers.”

Darla LongoBarbara PerrierWalt ArringtonJoey Sugar and Joe Werdein represented McDonald Property Group and Affinius Capital in the lease transaction. Dylan McDonald and Dillon Dummit of Savills International represented Otto International.

Situated directly across from Ontario International Airport (ONT) in San Bernardino County, the project is notable for its scope, location, timeline and complexity. It will also be one of the first large-scale developments in Southern California to incorporate an innovative carbon-reduction system for the slab, tilt wall panels and paving as part of Affinius Capital’s strategic plan for achieving its environmental sustainability goals through concrete decarbonization methods. Multiple strategies for incorporating concrete decarbonization, sustainable elements and achieving LEED® Gold certification for this industrial development were identified. The carbon reduction of emissions volume resulting from this project, as compared to conventional concrete design for industrial projects, will achieve 35% less embodied carbon from a conventional concrete design or approximately 44,000 tons less embodied carbon released into the atmosphere across the entire HUB development.

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Commercial Real Estate Transactions

Hanley Investment Group Arranges Sale of Chipotle Mexican Grill and Starbucks Drive-Thru in Rancho Cucamonga, Calif., for $6.22 Million  

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Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm arranged the sale of two stand-alone buildings occupied by a Chipotle Mexican Grill and the adjacent Starbucks Drive-Thru in Rancho Cucamonga, California. The sales price was $6.22 million.

Hanley Investment Group’s Executive Vice Presidents Bill Asher and Jeff Lefko represented the seller, Chase Partners Ltd., based in Glendale, California. The buyer, a private investor based in Los Angeles, was represented by Shirley Kim at Epique Realty, also of Los Angeles.

The property involved a complete rehabilitation of the facility and the expansion of Starbucks by the developer, Chase Partners Ltd., a leading retail and industrial developer in Southern California since 1993. Chase is an active developer of Starbucks and Chipotle sites, as well as other name-brand retail developments, with a dozen projects currently underway. Michael Carter served as the project manager for Chase.

“We generated multiple qualified offers primarily from Southern California-based buyers and leveraged our extensive broker relationships to procure a repeat all-cash buyer, ensuring a smooth and timely closing by year-end,” said Asher.

Built in 2003, the two freestanding properties occupied by a 2,508-square-foot Chipotle Mexican Grill and a 4,000-square-foot Starbucks Drive-Thru sit on a 1.31-acre parcel located at 10811-10831 Foothill Boulevard, near the signalized intersection of Foothill Boulevard (U.S. Route 66 with over 32,000 cars per day) and Aspen Avenue.

Starbucks (NASDAQ: SBUX) recently signed a new 10-year extension, expanding into the adjacent 2,500-square-foot space for a total of 4,000 square feet, showing its continued long-term commitment to this location. The Rancho Cucamonga Starbucks is a top 15% location nationwide, based on customer traffic (Placer.ai). Starbucks is the largest coffee house chain globally, with approximately 40,199 stores in 84 countries, and Fortune ranked it as one of the “World’s Most Admired Companies” from 2009 to 2024.

Chipotle (NYSE: CMG) is ranked on the Fortune 500 and is recognized on Fortune’s Most Admired Companies 2024 list and Time Magazine’s Most Influential Companies. There are over 3,600 restaurants in the United States, Canada, the United Kingdom, France, Germany, and Kuwait and it is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe.

According to Asher, Chipotle has nine years remaining on its lease, having recently extended early for five years, demonstrating its ongoing investment in the site. The Rancho Cucamonga Chipotle is a top 25% location in California, based on customer traffic (Placer.ai).

Chipotle and Starbucks are located across from Terra Vista Town Center, one of Rancho Cucamonga’s most established and premier regional shopping centers. The 645,000-square-foot Terra Vista Town Center is ranked within the top 25% of power centers nationwide, based on customer traffic, according to Placer.ai. The center is anchored by Target, Hobby Lobby, and LA Fitness, along with other national tenants including Ross Dress for Less, Michaels, HomeGoods, Panera Bread, Wells Fargo, CVS, Bank of America, and Five Below. The property is ideally situated in the center of the city within minutes of the 10, 15, and 215 freeways. The property is located next to Rancho Cucamonga’s 44 million square feet of office and industrial space, which combined employs over 65,000 employees.

The population of Rancho Cucamonga grew 53.5% from 2010 to 2020. Within one mile of the property, the population experienced a 317.8% growth in population from 2010 to 2020. More than 276,000 residents with an average household income in excess of nearly $113,000 are within a five-mile radius.

Asher added, “It was one of our most sought-after listings in 2024, receiving significant interest and activity from both buyers and brokers. The combination of two corporate leases with two of the most recognizable national credit QSR tenants in the U.S., both with a 21-year operating history at the site, made it a highly desirable investment.”

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