National Asset Services Secures 10-Year Lease Extension with DMV on Prestigious Tri-City Centers

SAN BERNARDINO, California., 29 October 2024 /PRNewswire/ — National Wealth Services (NAS), one of the nation’s leading commercial real estate companies known for maximizing real estate value, has secured a 7,150-square-foot lease renewal. State of CaliforniaDepartment of Motor Vehicles (DMV) at Three Parkside San Bernardino.

The square footage of the lease accounts for approximately 25% of the building’s total square footage and will run until 2034. The typical DMV field office, such as the Three Parkside location, can potentially serve approximately 78,000 to 104,000 residents annually. Services offered at Three Parkside DMV include driver’s license and identification card services, vehicle registration, address changes, special attention and personalized license plates.

“We are thrilled to have received another commitment from DMV to deliver another decade of important service to our customers.” San Bernardino “residents,” he said. Shirlee J. Kingsley, CPMVice President, NAS & NAS Investment Solutions. “Tri-City Center’s location is extremely convenient and features ample parking that will help the DMV continue to serve the thousands of residents who work and live nearby.”

Three Parkside is a 28,000-square-foot office building that is part of the prestigious Tri-City Center, a 153-acre, 17-building, master-planned, mixed-use project with a unique campus environment. Tri-City project is largest of its kind of california Inland Empire.

NAS assumed property management of Three Parkside in 2018. The company also manages three other properties within the Tri-City campus complex: Brier Corporate Center, a 105,327-square-foot, three-story office building; Lakeside Tower of 118,092 square meters; and the 31,860-square-foot One Hospitality Building.

About National Wealth Services (NAS)
NAS has served more than 2,600 investment clients since 2008 and has achieved an impressive record in investment property management. This history includes production on $660 million is involved in distributing cash to real estate investors and managing a broad portfolio of 186 commercial properties totaling over 25 million square feet in thirty-one states. Over its 15-year history, the total value of NAS’s managed portfolio $3.38 billion. For more information, visit nasassets.com.

About NAS Investment Solutions (NASIS)
NAS Investment Solutions was established to leverage National Asset Services’ expertise in investment property management by identifying, acquiring and developing commercial real estate investments across all sectors of the industry. NAS Investment Solutions is known nationally for its sponsorship of high-quality DST investment programs that offer investors well-performing assets with reliable returns.

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