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Harbor Buys Five-Building Portfolio in San Bernardino for $42M
Long Beach-based Harbor Associates, LLC, in joint venture with Taconic Capital Advisors, closed on a $41.7 million off-market acquisition of a five-building commercial office portfolio totaling 368,000 square feet in San Bernardino, CA. The assets range in size from 70,000 – 115,000 square feet, and are located in the 153-acre Tri City Corporate Center.
The portfolio, which is collectively 55% leased to 28 different tenants, represents the only block of contiguous office space of more than 75,000 square feet in the Inland Empire.
Harbor’s Paul Miszkowicz says, “The Inland Empire has a pretty dramatic supply/demand imbalance of large contiguous blocks of space. Moreover, the market hasn’t seen any new office construction since 2009 in an environment where vacancy has dropped from 21.2% to 8.6% over the last six years. We think there’s unmet demand in this space and look forward to executing on our lease-up strategy.”
CBRE’s Anthony DeLorenzo, Todd Tydlaska, and Sammy Cemo advised the unnamed seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


