Gramercy JV Buys 280 KSF Inland Empire Office Building

Working on behalf of Founders Properties, NKF brokered the sale of Northpointe in San Bernardino. TPG Capital teamed up with Gramercy Property to purchase the five-story asset.
Founders Properties sold Northpointe, a 280,173-square-foot office building in San Bernardino, Calif. A joint venture between TPG Capital and Gramercy Property acquired the property for $45 million. The asset was 92 percent occupied at the time of the transaction…

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