PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Kristen Burney
PMRG | PM Realty Group
(713) 209-5910
kburney@pmrg.com

FOR IMMEDIATE RELEASE

Jul 19, 2016

PMRG COMPLETES SALE OF EMPIRE LAKES GOLF COURSE IN RANCHO CUCAMONGA, CALIF.

RANCHO CUCAMONGA, CALIF., July 19, 2016 – PMRG, a nationally recognized, full-service commercial real estate firm, today announced that it has completed the sale of the 160 acre Empire Lakes Golf Course located at 11015 6th Street in Rancho Cucamonga, Calif. to Empire Lakes Holding Company, LLC, a member of The Lewis Group of Companies, one of the nation’s largest privately held real estate development companies. 

The Lewis Group of Companies plans to repurpose the property into a mixed use community with as many as 3,450 residential units and 220,000 square feet of commercial uses.

Ken Arimitsu, PMRG’s Senior Vice President of the Golf Course and Land Sales, represented the seller, Park Global Inc.  The buyer was represented by Gary Arendts of Chaparral Land Company. Chaparral Land Company has specialized in residential land brokerage for the last 30 years.

"With the current land shortage in Southern California, under-performing golf courses provide developers an opportunity to secure a large amount of land needed for a large-scale development. This is a great opportunity to satisfy a housing need in a thriving community” according to Ken Arimitsu. 

Empire Lakes Golf Course is ideally located just minutes from the I-15 & I -10 freeways and the Rancho Cucamonga Metrolink station, providing convenient access to neighboring communities and employment centers.  

 

About The Lewis Group of Companies

The Lewis Group of Companies is one of the nation’s largest privately held real estate development companies. The Lewis Group focuses on developing mixed-use planned communities and residential subdivisions throughout California and Nevada as well as building and owning rental communities, shopping centers, and office and industrial parks.  For more information about Lewis visit www.lewismc.com. 

About PM Realty Group

Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.

PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.

Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com.