trending Market Intelligence /marketintelligence/en/news-insights/trending/dny0y2-mJ-mOiSw2ClhQNg2 content esgSubNav
In This List

Gramercy JV acquires San Bernardino, Calif., office building for $45M

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Gramercy JV acquires San Bernardino, Calif., office building for $45M

Gramercy Property Trust and TPG Capital's joint venture purchased a class A office building in San Bernardino, Calif., from Founders Properties for $45 million, Commercial Property Executive reported.

The five-story Northpointe in San Bernardino at 1003 E. Brier Drive spans 280,173 square feet and has two separate 1,600-unit parking facilities.

The property was 92% occupied at the time of the sale, with Wells Fargo leasing 88% of the building, the report noted.