ASB Real Estate Investments Acquires Industrial Property In Bloomington For $100.5M

The industrial property located at 11260 Cedar Avenue in Bloomington has been sold in a closed transaction. The property, measuring 677,383 square feet, was sold by Crow Holdings Industrial to ASB Real Estate Investments. The sale was facilitated by brokers Mark Detmer, Bo Mills, and Ryan Sitov from JLL. The transaction was completed on December 23, 2019, for a total price of $100,500,000. The price per square foot for the property was $148.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $100,500,000
• Address: 11260 Cedar Avenue, Bloomington
• Square Footage: 677,383
• Market: Bloomington
• Seller: Crow Holdings Industrial
• Buyer: ASB Real Estate Investments
• Brokers: Mark Detmer, Bo Mills, Ryan Sitov - JLL

The successful transaction involved the collaboration of key individuals and companies such as Crow Holdings Industrial, ASB Real Estate Investments, and brokers Mark Detmer, Bo Mills, and Ryan Sitov from JLL.