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.