The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 16, 2018
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Diamond Bar Office Asset Traded in $28 Mil Deal


Bridgegate Plaza, a three-story, 135k sf office building in Diamond Bar, was purchased by Irvine-based Great Far East. Although the transaction price was not given out, local pros we spoke to are estimating a deal value of around $28 mil, or $208/sf.

Constructed in 2002, the Class A property is located at 1440 Bridgegate Dr. It features 5:1000 parking and offers immediate access to both the 60 and 57 freeways. The property, which also boasts a stone lobby ands sky-lit atrium, was 78% leased at the time of the acquisition with major tenants including QTC and Insperity.

CBRE’s John Bibeau and Steven Saunders, along with Jeff Cole and Ed Hernandez of Cushman & Wakefield, represented the seller. Great Far East, a full-service real estate development and management company that has developed over 32 msf of real estate, represented itself in the transaction with CBRE providing underwriting support. CBRE has also been retained as exclusive listing agent by the new owner.

“Located at the intersection of Los Angeles, San Bernardino, and Orange counties, Bridgegate Plaza provides tenants unparalleled access to Southern California, a highly educated labor pool, affordable employee housing options, and numerous amenities,” said Bibeau. “This property also provides investors the opportunity to acquire a sizable institutional-quality asset with solid anchor tenancy and tremendous value-add potential.”

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media