Harbor Associates has partnered with Taconic Capital Advisors to acquire a five-property office portfolio in San Bernardino for $41.7 million. Located in the Tri City Corporate Center, the portfolio totals 368,000 square feet and is collectively 55% leased.
The buildings range in size from 70,000 to 115,000 square feet. The portfolio benefits from its visibility, accessibility and transit-oriented location. The development fronts the San Bernardino Freeway and is strategically located one mile from the Riverside Freeway.
Harbor plans to re-position and lease-up the assets through a renovation program across the portfolio that includes upgraded building entries and lobby experiences, elevator improvements, new roofs, and replacement of the original HVAC units. The portfolio will debut rent-ready spec suites, EV charging stations, LED lighting retrofit along with new building and project signage.
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Kelsi Maree Borland
