Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings Inc., has acquired a 14-acre truck terminal in Rialto, CA. The unique, 41,000-square-foot terminal located at 2650 S. Willow Ave., has 76-DH positions, 6.7 acres of yard space for trailer parking, and a maintenance facility with truck wash.
“Given the supply-demand imbalance for functional truck terminals within densely populated areas, this acquisition is a testament to our team’s experience and deep-rooted relationships. Truck terminal inventory is heavily constrained by entitlement headwinds while the expanding e-commerce economy is deepening demand for these facilities,” said Paul Jones, Managing Director at BLP.
Led by a team of real estate veterans that include Jay Cornforth, Brian Gagne and Jones, BLP has also recently secured other Southern California industrial acquisitions in Carson, Rialto, Garden Grove and Rancho Cucamonga.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.