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Bridge Logistics Snaps Up 1.1M-SF Fontana Warehouse
In one of the year’s largest single-asset Inland Empire industrial deals, Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings LLC, has acquired a 1,101,900-square-foot Class A industrial distribution facility at 10681 Production Ave. in Fontana. The property was previously owned by Scuderia Properties and the sale price was $174 million, according to published reports.
“This is a defining acquisition, not just for BLP, but for the broader logistics market,” said Paul Jones, managing director at Bridge Logistics Properties. “Assets of this scale, quality and location are scarce. We moved decisively in this moment of peak dislocation, recognizing that the recovery in tenant demand for large, high-quality assets is outpacing available supply.”
Information on brokerages involved with the deal was not available. BLP, which acquired a three-building portfolio in Fontana this past July, plans to implement targeted enhancements to elevate the building’s readiness for lease-up, including sprinkler head upgrades, dock packages, office improvements, and other make-ready upgrades.
- ◦Sale/Acquisition
