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NKF Completes $45M Sale of Northpointe

Connect Inland Empire is planned for Wednesday, October 18th. Here’s where to register for the conference.

Northpointe, a five-story, 280,173-square-foot office building in San Bernardino, CA, has sold for $45 million. The buyer was San Francisco-based TPG Capital and New York-based Gramercy Property Trust, while the seller of the Class A asset was Founders Properties.

Built in 2007 as a build-to-suit for Wells Fargo, Northpointe is located at 1003 Brier Dr. and is situated on 14.5 acres in the exclusive Hospitality Lane area. It is 92% leased, with Wells Fargo occupying 88% of the building.

NKF’s Kevin Shannon, Ken White, Brunson Howard, Taylor Ing and Drew Sanden represented the seller. The buyer was self-represented. NKF’s David Milestone and Brett Green arranged buyer financing.

Shannon says, “Northpointe is one of the highest quality Class A office buildings in the entire Inland Empire office market. Wells Fargo is the anchor tenant that provides a stable credit cash flow stream which will be enhanced by additional leasing.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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