Back to NewsThe portfolio sold at a $28.2M profit in multiple transactions over two years
Property investment firm Harbor Associates has managed to pull off an increasingly rare feat in the post-COVID world, particularly in Southern California: a profitable office portfolio sale.
In a joint venture with Taconic Capital Advisors, the Seal Beach, Calif.-based company sold 451 East Vanderbilt Way in San Bernardino, Calif., late last week for $26.8 million, Commercial Observer can first report. The property, a 115,520-square-foot Class A office building, is the third and final transaction involving the partnership’s five-property portfolio. The partnership sold the property to San Bernardino County, which has been leasing two of the building’s floors.
