Paul Jones & Brian Gagne Of Bridge Logistics Properties Acquire Industrial Asset In Fontana For $174M

A 1,101,900 square foot industrial warehouse located at 10681 Production Avenue in Fontana has been sold for $174,000,000. The sale marks one of the largest industrial transactions in the Inland Empire for the year, featuring a price per square foot of $157.9. The facility is part of a 4.8 million square foot campus and is set to undergo upgrades as it transitions to new ownership.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $174,000,000
• Buyer: Paul Jones & Brian Gagne - Bridge Logistics Properties (BLP)
• Seller: Scuderia Development
• Square Footage: 1,101,900
• Address: 10681 Production Avenue
• Market: Fontana
• Price Per Square Foot: $157.9

Paul Jones and Brian Gagne of Bridge Logistics Properties represent the buyer in this significant acquisition from Scuderia Development. The new owners are anticipating increased demand for large warehouse spaces, focusing on the improvements planned for the nearing-vacant facility.