News
Thornton Equities Executes Real Estate Lease for Portfolio Company - Aviara Holdings, LLC
Source: Company
Posted on: Tuesday, August 25, 2009
New office space to serve as the corporate headquarters for Aviara Holdings, LLC as well as its wholly owned subsidiary Aviara Life Products, LLC. The Company's executive management team along with the Customer Service Division will initially be located in this space which will be configured for a total of 100 employees.
(CARLSBAD, California & SALT LAKE CITY, Utah, 25 August 2009) – Mark R. Bernier, president and chief executive officer of Thornton Equities LLC., a Carlsbad, California based firm that owns, operates and invests in various businesses throughout the Americas announced that one of its portfolio companies, Aviara Holdings, LLC has signed a lease to house its corporate headquarters in RiverPark Corporate Center located in South Jordan, Utah. RiverPark Corporate Center is a 1.7 million square foot, 120 acre, Class A, master-planned office campus. The lease is valued at $1.8 million and the financial performance of Aviara is guaranteed by Thornton Equities.
Aviara Holdings, LLC through its wholly owned subsidiary, Aviara Life Products, LLC (collectively referred to as “Aviara”) is a company founded by Thornton Equities and a seasoned management team that manufactures and distributes nutritional supplement products that have been scientifically formulated to achieve extraordinary health benefits. The Company distributes its products via direct selling (person to person) channels. Aviara intends to launch the sales of its products during the month of October 2009. Visit Aviara on the web at www.aviaralife.com. Aviara will occupy approximately 13,100 square feet on the fourth floor of the six-story building.
“We are pleased to have completed the recent closings of our new corporate headquarters property.” said Mark Bernier, Thornton’s and Aviara’s CEO. “The size, quality and flexibility of the office space we have acquired will satisfy our real estate needs for some time to come. We decided to locate our headquarters in the Salt Lake City metropolitan area due to a positive business environment together with an existing well educated work-force with knowledge of our business. We chose the RiverPark complex, after an exhaustive search, due to the quality of their facilities along with the exceptional amenities offered such as on-site back-up generators to provide emergency power, “smart building” design, energy management systems, dual provider fiber optic connectivity, security systems and the panoramic views. We look forward to calling Salt Lake City’s suburb of South Jordan our corporate home and offering our work-force access to a modern and professional work environment.”
RiverPark Corporate Center (“RiverPark”) is a premier business park which provides a unique location for large national headquarters to individual executive suites. RiverPark incorporates exceptional quality and abundant amenities including a high-end fitness center, restaurants, retail facilities and a 35 acre park all located within walking distance. The business park was designed and built to allow scenic views of the Wasatch and Oquirrh mountains from almost every window. Visit RiverPark on the web at www.riverparkcorporatecenter.com.
Thornton and Aviara were represented in the transaction by Jordan M. Wall and Brandon Fugal of Coldwell Banker Commercial NRT. Visit Coldwell Banker of Utah on the web at www.coldwellutah.com.
Mark R. Bernier is president of Thornton Equities, LLC., which is currently located at 7559 Circulo Sequoia, Carlsbad, California 92009, telephone (760) 314-7842 and via e-mail at markb@thorntonequities.com.
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from Thornton’s expectations and projections. Risks and uncertainties include general industry conditions and competition; economic conditions, such as interest rate and currency exchange rate fluctuations; technological advances and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approvals; domestic and foreign governmental laws and regulations; and trends toward the direct marketing industry. Thornton does not undertake to update any forward- looking statements as a result of new information or future events or developments.
