{"id":1004489833,"date":"2020-11-04T06:15:40","date_gmt":"2020-11-04T14:15:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004489833"},"modified":"2025-02-26T02:24:47","modified_gmt":"2025-02-26T10:24:47","slug":"cbre-arranges-10m-inland-empire-office-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/","title":{"rendered":"CBRE Arranges $10M Inland Empire Office Sale"},"content":{"rendered":"
\"Stewart<\/a>

Stewart Plaza. Image courtesy of CBRE<\/em><\/p><\/div>\n

CBRE has brokered the sale of Stewart Plaza, an 84,498-square-foot medical office campus in Upland, Calif. Harbor Associates and The Bascom Group acquired the asset for $10.3 million. CBRE’s Anthony Delorenzo, Gary Stache and Sammy Cemo represented the seller in the off-market transaction, while Shaun Moothart, Jennifer Ansari, Dana Summers and Bruce Francis arranged the financing for the project with Ready Capital Structured Finance.<\/p>\n

Completed in 1987, the two three-story buildings at 400 and 440 Mountain Ave. consist of suites ranging from 493 to 9,138 square feet. The multi-tenant property was 56 percent leased at the time of sale. Situated 1 mile from Interstate 10, which connects Upland to the rest of southern California, Stewart Plaza sits on a five-acre lot in an opportunity zone.<\/p>\n

Harbor Associates revealed plans for a multimillion-dollar capital improvement program, which will include upgrades to the entry and lobby, elevators, a new roof and replacing the HVAC units in both buildings. Additionally, the refurbished Spanish-style property will receive LED lighting retrofits, new signage and will feature rent-ready spec suites.<\/p>\n

The joint venture owns a portfolio of 28 office buildings in southern California and Colorado, consisting of more than 3.7 million square feet, according to Bascom Managing Partner Jerry Fink. In March, Harbor Associates paid $34.2 million<\/a> for a four-building office park in Carlsbad, Calif.  <\/p>\n","protected":false},"excerpt":{"rendered":"

The new ownership plans to implement a capital improvement program at Stewart Plaza.<\/p>\n","protected":false},"author":2518,"featured_media":1004312369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,34027,21742,21747,15],"tags":[32789,36482,36306,37864,36405],"class_list":["post-1004489833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-inland-empire","category-latest","category-office","category-west","tag-cbre","tag-gary-stache","tag-harbor-associates","tag-ready-capital","tag-the-bascom-group"],"acf":[],"yoast_head":"\nCBRE Arranges $10M Inland Empire Office Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges $10M Inland Empire Office Sale\" \/>\n<meta property=\"og:description\" content=\"The new ownership plans to implement a capital improvement program at Stewart Plaza.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-04T14:15:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T10:24:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE_Brokers_Corner_800x620.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Marcut\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/\",\"name\":\"CBRE Arranges $10M Inland Empire Office Sale - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE_Brokers_Corner_800x620.jpg\",\"datePublished\":\"2020-11-04T14:15:40+00:00\",\"dateModified\":\"2025-02-26T10:24:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/3373a7a57df47d560f02395793cecf2d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE_Brokers_Corner_800x620.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE_Brokers_Corner_800x620.jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBRE Arranges $10M Inland Empire Office Sale\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/3373a7a57df47d560f02395793cecf2d\",\"name\":\"Adina Marcut\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9e6a3eafcea51544427755b84fbb9360f088ba341340422a055c7a4cfc2bb748?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9e6a3eafcea51544427755b84fbb9360f088ba341340422a055c7a4cfc2bb748?s=96&d=mm&r=g\",\"caption\":\"Adina Marcut\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adina-marcut\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBRE Arranges $10M Inland Empire Office Sale - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/","og_locale":"en_US","og_type":"article","og_title":"CBRE Arranges $10M Inland Empire Office Sale","og_description":"The new ownership plans to implement a capital improvement program at Stewart Plaza.","og_url":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-11-04T14:15:40+00:00","article_modified_time":"2025-02-26T10:24:47+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE_Brokers_Corner_800x620.jpg","type":"image\/jpeg"}],"author":"Adina Marcut","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/","url":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/","name":"CBRE Arranges $10M Inland Empire Office Sale - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE_Brokers_Corner_800x620.jpg","datePublished":"2020-11-04T14:15:40+00:00","dateModified":"2025-02-26T10:24:47+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/3373a7a57df47d560f02395793cecf2d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE_Brokers_Corner_800x620.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE_Brokers_Corner_800x620.jpg","width":800,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-10m-inland-empire-office-sale\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CBRE Arranges $10M Inland Empire Office Sale"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/3373a7a57df47d560f02395793cecf2d","name":"Adina Marcut","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9e6a3eafcea51544427755b84fbb9360f088ba341340422a055c7a4cfc2bb748?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9e6a3eafcea51544427755b84fbb9360f088ba341340422a055c7a4cfc2bb748?s=96&d=mm&r=g","caption":"Adina Marcut"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/adina-marcut\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/CPE_Brokers_Corner_800x620.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004489833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2518"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004489833"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004489833\/revisions"}],"predecessor-version":[{"id":1004570199,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004489833\/revisions\/1004570199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004312369"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004489833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004489833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004489833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}