Trigild Honored for Nearly $100 Million Lease Negotiation
San Diego based firm Recognized for “Office Transaction of the Year”
The award was one of nine presented by the Inland Empire Chapter of NAIOP, the commercial real estate development association, at its recent Real Estate Excellence Inland Empire awards luncheon at the Hilton Ontario Airport.
Trigild, a real estate firm specializing in property management, receivership/
IEHP, serving more than 575,000 residents of Riverside and San Bernardino counties, will occupy nearly half of the 392,702-square-
According to Trigild president and CEO Bill Hoffman, when Trigild was named receiver, the two-story office complex was only 42 percent occupied. “Now it is approaching full occupancy,” he said, noting the other tenants include State Farm, Parsons Construction and Chicago Title. “With our knowledge of the commercial marketplace, we were able to find a strong, high profile tenant and expedite the transaction to meet their needs.”
In presenting the award, NAIOP leaders recognized the complexity of the transaction, as well as the creativity and speed with which it was completed. The parties inked a deal in just three weeks – instead of the six months normally required negotiating a lease of this type, Hoffman noted. The lease is also particularly important, as it will generate jobs and more quality tenants for the area.
The REXIE awards ceremony benefitted the Boys & Girls Clubs of San Bernardino.
Headquartered in San Diego with offices throughout the country, Trigild has more than 37 years of property management, receivership/
About NAIOP Inland Empire:
NAIOP Inland Empire is a regional chapter of the national commercial real estate development association, covering both Riverside and San Bernardino counties. The organization supports local real estate and economic development activity by providing networking activities, business development opportunities, educational programs, charitable programs, government affairs representation and legislative resources. For more information visit www.NAIOPIE.org.