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SAN BERNARDINO, CA-Dallas-based Behringer Harvard and Aliso Viejo, CA-based CT Realty Investors have closed their third deal together with the acquisition of more than 800,000 square feet in four buildings at the six-building Interchange Business Center, a development of two million square feet along Interstate 215, approximately two miles north of the interchange with Interstate 210. The purchase price for the Interchange Business Center, excluding closing costs, was $30 million, according to a Nov. 29 public filing by Behringer Harvard. The sale was a direct deal between buyer and seller, who was not disclosed.

The Interchange Business Center was developed via a pubic-private partnership between the city of San Bernardino’s Economic Development Agency and Dallas-based Hillwood Investments, according to a report by GlobeSt.com in 2008. The two-million-square-foot project is listed on the Hillwood web site as a non-Hillwood-owned property.

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