Bridge Logistics Properties Acquires 14.3-Acre Truck Terminal In Rialto For $83M

Bridge Logistics Properties, a subsidiary of Bridge Investment Group Holdings Inc., has acquired a 14.3-acre truck terminal in Rialto, California. The property, located at 2650 S. Willow Avenue, features a 41,110 square foot terminal with 76-DH positions, 6.7 acres of excess yard space for trailer parking, and a maintenance facility with a truck wash. The off-market acquisition was made by Jay Cornforth, Brian Gagne, and Paul Jones, who are industrial real estate veterans with previous experience at Brookfield, Prologis, and Duke.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $83,000,000
• Market: Rialto
• Acres: 14.3

Bridge Logistics Properties, led by Jay Cornforth, Brian Gagne, and Paul Jones, has successfully closed 21 deals since its inception. The logistics real estate company focuses on investing on behalf of institutional investors and has secured a total of $789 million of real estate in difficult-to-access U.S. global gateway infill markets. The acquisition of the truck terminal in Rialto is part of their ongoing growth strategy.