Jonathan Slager Of Bridge Investment Group Acquires Industrial Facility From Ramon Laguarta For $37.6M

The property asset involved in this transaction is a 23,703-square-foot industrial facility located at 1101 Oak Point Avenue in the Hunts Point neighborhood of the Bronx. The asset sold for $37,600,000, which translates to a price per square foot of $1,586.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $37,600,000
• Buyer: Jonathan Slager - Bridge Investment Group
• Seller: Ramon Laguarta - PepsiCo
• Square Footage: 23,703
• Price per Square Foot: $1,586
• Market: Hunts Point, Bronx

Bridge Investment Group has completed its second acquisition of a Frito-Lay distribution center in New York City within a year by purchasing this facility from PepsiCo, highlighting the company's continued investment in this asset type.