IE Business Daily Business news for the Inland Empire.
An office building in San Bernardino has been sold for $26.7 million.
Harbor Associates LLC, a property investment company in Seal Beach. and Taconic Capital Advisors, a global investment firm, recently sold the 115,000-square-foot structure at 451 E. Vanderbilt Way, according to a statement.
The buyer was reportedly San Bernardino County, which leases two floors on the building. The purchase price is $232 per square foot.
CBRE represented Harbor Associates and Taconic Capital in the transaction.
The building is one of five office structures in the Tri-City Corporate Center that Harbor Associates and Taconic Capital bought for $41.7 million four years ago. All five of those buildings have now been sold in a breakup-up strategy that netted nearly $70 million.
Tri-City Corporate Center is a 153-acre mixed-use office park with approximately one million square feet of office space and 390,000 square feet of retail space, according to the statement.
