Property Reserve Acquires Industrial Property In Bloomington For $102M

Property Reserve has purchased an industrial asset located at 18025 Slover Avenue in Bloomington. The property, with a total area of 344,000 square feet, was sold by Crow Holdings, represented by Bob McLain. The transaction took place on July 6, 2022, and was facilitated by brokers from JLL, namely Mark Detmer, Ryan Sitov, and Evan Moran.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $102,000,000
• Square Feet: 344,000
• Price per Square Foot: $296
• Address: 18025 Slover Avenue, Bloomington
• Market: Bloomington

The purchase price for the industrial property was $102,000,000, with a price per square foot of $296. The transaction involved brokers from JLL, including Mark Detmer, Ryan Sitov, and Evan Moran, who represented Crow Holdings in the sale. The deal was finalized on July 6, 2022.