ORGANIZED IN 1984
Organized in 1985 and fully-funded in 1989, Rancon Realty Fund V is a California real estate limited partnership. Fund V owns, develops and operates half of a master-planned 153-acre, mixed-use commercial office park known as the Tri-City Corporate Centre, located in the Inland Empire, east of Los Angeles, California.
At the current time, Rancon Realty Fund V owns 14 rental properties comprising 577,042 rentable square feet. As of December 31, 2007, The Partnership owned 4.5 acres of undeveloped land, of which .5 acre is under construction for a pad for development. A portion of the remaining four (4) acres will be used for parking.
The majority of the remaining parcels of Tri-City are owned and operated by Rancon Realty Fund IV. Rancon Financial Corporation and its president, Daniel L. Stephenson, are the general partners of both Rancon Fund IV and Fund V.
Tri-City Corporate Centre is a superbly conceived 153-acre, mixed-use office park Located at the junction of the I-10 and I-215 on Hospitality Lane and Waterman Avenue in San Bernardino. Master-planned to meet the needs of tenants and their employees, the Tri-City Corporate Centre is self-contained, offering a wide range of retailers, amenities, helipad and fire department. In addition, the Centre features numerous full service and fast food restaurants, in a beautifully landscaped, park-like setting.
The picturesque business community boasts three parks graced by a 1.5-acre lake and waterfall. The distinctive Centre has received many awards over the years recognizing the Centre’s excellent design and construction.
Comprising more than one million square feet of premier office and retail space, Tri-City is home to more than 120 businesses. The Centre includes several office buildings, including three state-of-the-art Class A office buildings, four single-story research and development structures and a transportation center for Burlington Northern Santa Fe Railroad. When completely developed, the Tri-City Corporate Center has the potential to accommodate more than three million square feet of office and retail space.
Located at the junction of two major interstate highways in San Bernardino and just 20 minutes from the Ontario International Airport, Tri-City offers favorable rents compared to the adjacent coastal areas and draws from the Inland Empire’s growing population of skilled workers, making it the location of choice for many businesses.
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