PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Whitney Williams
Marketing & Communications Manager
PMRG
(713) 209-5935

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 PMRG

PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.