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California  + Inland Empire  + Office  | 

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

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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