Mark Detmer Of Premier Logistics Properties Acquires Industrial Buildings In Rialto For $270M

The sale involved two fully leased industrial buildings located at 1568-1660 North Linden Avenue in Rialto, California. The transaction was executed for a total price of $270 million, corresponding to a price per square foot of $184, covering an area of 1,470,000 square feet. The buildings were completed in 2017 and 2018 and are fully occupied by Amazon.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $270,000,000
• Buyer: Mark Detmer - Premier Logistics Properties
• Seller: Luke J. Petherbridge - Link Logistics Real Estate
• Broker: Kidder Mathews

Mark Detmer represented Premier Logistics Properties in the acquisition, while Luke J. Petherbridge represented Link Logistics Real Estate in this transaction. The deal reflects the ongoing demand for industrial real estate, particularly facilities leased to major e-commerce companies like Amazon.