Rising Realty Partners acquires former B of A campus

Rising Realty Partners CEO Nelson Rising speaks at a press conference to announce the acquisition as Lancaster Mayor R. Rex Parris looks on.

Rising Realty Partners CEO Nelson Rising speaks at a press conference to announce the acquisition, as Lancaster Mayor R. Rex Parris looks on.

LANCASTER – The former Bank of America call center campus located in the Lancaster Business Park has been purchased by Rising Realty Partners. In a press release issued Thursday, Lancaster city officials announced the recent acquisition and what it means for the Antelope Valley economy. Read it below:

With the dawning of the New Year, renewal is on its way for the former Bank of America call center campus located in the Lancaster Business Park. To overcome the impact of Bank of America’s recent layoffs, the City of Lancaster has been busily working with key partners to ensure the local buildings previously occupied by the bank’s employees return to full productivity and future job creation.

“In today’s difficult economic climate, it would be impossible for any city to continue growth without two conditions: a very proactive and innovative City Council and staff, and like-minded private sector partners who are willing to work with the City to create win-win situations for everyone involved,” said Lancaster Mayor R. Rex Parris. “We have been blessed during the recent challenging times to be able to work with some of the most successful names in California business such as Christopher and Nelson Rising of Rising Realty Partners, as well as CBRE’s Richard Ramirez. These individuals possess the knowledge and skills necessary to help our city create a new opportunity for our region’s economy and job market.”

The 18-acre, 200,000 square foot high-tech call center campus located in the Lancaster Business Park on Holston Drive, just west of Division Street, has been purchased by Rising Realty Partners, whose owners have hired San Fernando Valley-based CBRE’s Richard Ramirez to market the recently acquired commercial property to prospects.  Given CBRE’s extensive experience and expertise both the San Fernando Valley and Santa Clarita Valley, the property is expected to draw significant interest from those regions.

Rising Realty Partners is a full-service real estate platform specializing in creating world-class commercial and industrial properties.  From developing the U.S Bank Tower and Playa Vista in Los Angeles to Mission Bay in San Francisco, the principals of Rising Realty Partners have a proven track record of success throughout California.

The new owners are entertaining both lease and sale options for the commercial property, anticipating a strong response from job-creating tenants seeking a well-outfitted building in which to conduct their operations. The plug-and-play appeal is significant for any companies which wish to engage in enterprises similar to the original purpose of the building, while working within a compressed timeline.

“It is often necessary, when the unexpected happens, for us to create a plan of action and use every available resource to refocus and strategize for the best possible outcome,” said City of Lancaster Vice Mayor Marvin Crist. “Thanks to Rising Realty Partners and CBRE, the City of Lancaster can ensure that these doors will soon reopen for business, creating jobs for our citizens while laying a renewed foundation for a brighter economic future.”

Firms interested in this turnkey call center campus are encouraged to contact Richard Ramirez at 818-907-4639 or richard.ramirez@cbre.com for complete information.

  20 comments for “Rising Realty Partners acquires former B of A campus

  1. William
    May 19, 2014 at 7:25 pm

    I’m sure that Lancaster residents who are already working will be thrilled with this new venture as it will significantly improve the quality of their lives. (sarcasm)

  2. K95715
    May 19, 2014 at 6:22 pm

    R. Rex Parris is a DOUCHEBAG! Cheers!!!

    • William
      May 19, 2014 at 7:19 pm

      How dare you compare douchebags to R. Rex Parris. At least they serve a useful purpose.

    • William
      May 19, 2014 at 7:23 pm

      Actually, R. Rex Parris is more like an ‘enema bag’.

      • blue
        May 19, 2014 at 8:21 pm

        I’m right there with you, but have some class. Don’t stoop down to his level.

  3. Danny
    January 31, 2014 at 8:50 pm

    Most likely given away good luck on the jobs.

    Growth is adding jobs in Palmdale or Lancaster shouldn’t make a difference. If Paris wasn’t such a glory whore he would understand same goes for his good friend Antonbitch (yes it’s not proper grammer)

  4. January 31, 2014 at 11:47 am

    No guarantee of new business, but hopes of one. Real residents want real solutions and a new perspective on the city council is what we need. The balance approach. Let’s change course before it is too late.

    Oscar mejia
    City council candidate

    • red
      May 19, 2014 at 7:49 pm

      We support you Oscar

  5. seer
    January 30, 2014 at 9:54 pm

    business deductions, losses and assets how can they lose. water is the common denominator right now. if you ever read past history of av when cattlemen were king and realtors selling land? drought ceased all activities. you can see the remnants of the past.

  6. Nancy P
    January 30, 2014 at 7:42 pm

    How about doing something with the big empty building at Valley Central and Lancaster Blvd. You know, the old Walmart Store, that moved next door into a new building. It has been empty for years.
    Is this new building going to be more swap meet type businesses, like the Marketplace off Ave K and 10th W?
    So many vacant buildings and houses, but the construction continues. hmmm

  7. Stinger
    January 30, 2014 at 3:03 pm

    In other words, the building was finally sold to someone who intends to parcel it and rent pieces of the building to companies that are already here equalling a job growth of nearly zero. Wow.

    • Letlow
      January 30, 2014 at 3:09 pm

      Why so negative? Even if they rent to existing companies, wouldn’t that mean that those companies are expanding and therefore creating new job opportunities? It’s still better than having a vast vacant property. Sheesh!

      • Son of the Anti Rex
        January 30, 2014 at 4:09 pm

        moving a business from one building to another is not growth. neither is moving a business from one location to another. new businesses with new jobs = growth. this is a dog and pony show to deflect another business that has closed in lancaster under the current mayor and vice mayors leadership.

      • Stinger
        January 30, 2014 at 6:49 pm

        Truthfully, Letlow, I have no problem with this action, in and of itself. I just chafe at the unmerited grandiose press conference for it.

        They sold the property and intend to parcel it out like an office building for smaller local companies to rent suites. Cool. But its not worthy of a huge press conference like it was the opening of something like, say, Starwood…

      • Son of the Anti Rex
        January 30, 2014 at 7:45 pm

        smile and mirrors to deflect from the mayors lawsuit against starwood a
        and yet another business closed. this is a real estate transaction and was probably acquired for a song and a dance.

    • Yougotit
      January 30, 2014 at 3:49 pm

      Exactly! Business will move from their existing buildings to the new place, still leaving empty buildings. There’s very, very little new growth or business expansion in the valley. Lancaster has lost so many decent paying jobs. Obamacare is killing new growth.

      • c.gibbs
        January 31, 2014 at 5:43 pm

        Obamacare isn’t killing jobs its the high rent n property tax that companies have to pay that’s killing the jobs. That’s y companies wont pay their employees decent pay. So don’t blame it on Obamacare blame it on the state of California n the government who runs it.

    • Hopeful
      January 30, 2014 at 5:55 pm

      It’s better then having it sit vacant. At least someone it trying to bring high paying jobs to Lancaster. You have to start somewhere instead of sitting back and just complaining about how bad things are.

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