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REIT Buys North Pointe Corporate Centre

4-Story Office Building Sold for $24.2M
By Esperanza Tuthill
August 22, 2003 | 11:11 AM

G REIT, Inc., a public but untraded REIT managed by Santa Ana, CA-based Triple Net Properties Realty formed to invest in buildings occupied by long-term government tenants, purchased North Pointe Corporate Centre from Fulcrum Capital Corp. Total consideration for the deal was $24.2 million, or $178.60 per square foot. Acquisition financing was arranged by Eric Tupler of L.J. Melody through the G REIT, Inc. line of credit with LaSalle Bank.

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