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3/02/20
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Thinkwise CU paid $2.25 mil for a vacant, 18.3k sf ($123/sf) commercial building located at 599 North E Street in the heart of San Bernardino’s downtown civic center area. The property will be used as the headquarters and primary store for Thinkwise Credit Union (CU), a financial organization with membership open to educational employees and immediate family members, of San Bernardino, Orange and Riverside counties including colleges, universities, school districts, parochial, and charter schools.
Built in 1986, the two-story, Tudor style building is situated on 1.56 acres and includes a large break room with full kitchen setup, an elevator, and new LED lighting, among other features. Thinkwise CU will be relocating 19 employees from its current 6.5k sf headquarters on Sierra Way in San Bernardino. Once upgrades to the new space are made, move-in is anticipated by year-end.
Hayden Eaves, Kristen Sullivan and Matt Spear with Avison Young represented Thinkwise CU. The seller was a private investor from Orange County.
“Thinkwise CU is a very community-minded organization with a passion for our members’ financial well-being and the communities in which we serve,” said Thinkwise CU’s President and CEO, Heri “Eddie” Garcia. “This new location is ideal as it is in a great location near our core membership. It also gives us a significantly larger headquarters space as well as a branch office. Additionally, we are excited about building out a 3.8k sf community room to be used for our credit union events and local groups and organizations.”
Adding to this latest expansion news, Thinkwise CU is opening a newly constructed, Class A, 3k sf branch in May 2020 at Renaissance Marketplace, located directly off the 10 Fwy in Rialto. Thinkwise CU identified this market as underserved for credit unions and therefore an ideal place to offer a new branch. Avison Young’s Eaves also handled the acquisition of this site on behalf of Thinkwise CU.
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