By Katie Murar
International money transfer service Ria Money Transfer says it is expanding its presence at its existing headquarters campus in Buena Park.
The company’s been based at an office complex near the intersection of Knott Avenue and the Santa Ana (5) Freeway, called Village Business Park.
The spot has housed Ria’s headquarters since 2013; the company had been leasing 28,000 square feet there.
Following an expansion, as well as the consolidation of space elsewhere in the area, Ria will now be occupying 88,667 square feet at the complex’s 7000 and 7001 Village Drive buildings.
“Rapid growth” drove the new lease, according to the company, which first launched in New York City in 1987. It’s a unit of Leawood, Kan.-based Euronet Worldwide Inc. (Nasdaq: EEFT).
The company facilitates money transfers from credit and debit cards, as well as bank accounts; recipients can receive funds either electronically or in person at one of Ria’s branches. It counts a network of over 402,000 locations spanning across 158 countries.
“As quickly as Ria is growing, we had to expand our space. But, we also wanted to stay at Village Business Park for the reasons it attracted us in the first place,” said CEO Shawn Fielder. “Its
central location in Orange County gives us great access to a deep talent pool as we recruit, and our employees really benefit from the improved amenities.”
Cameran Lindee and Scott Kenny at CBRE Group Inc. represented Ria while Cushman & Wakefield’s Tom Sheets and Quint Carroll handled leasing for Village Business Park.
El Segundo-based Stanton Road Capital LLC acquired the two buildings at the business park in 2018 for $22.3 million and have since invested in improvements such as a new courtyard and main entrance.
“We’ve watched Ria’s trajectory since they’ve been with us at Village Business Park and we’re excited to provide the space and amenities that will enable them to grow even more in the long term,” said Tim Ronan Jr., founder and managing partner of Stanton Road Capital.
The buildings are now 94% leased.