Bridge Logistics Properties, a subsidiary of Bridge Investment Group Holdings Inc., announced the acquisition of a newly constructed, fully leased industrial portfolio in Fontana, California, for $83.5 million. The portfolio includes three Class A distribution facilities: 14074 Rancho Court, 14019 Rose Avenue, and 14928 Washington Drive, totaling 332,793 square feet. Each building features modern specifications like 32-foot clear heights and secured concrete truck courts. This acquisition aligns with BLP's strategy to invest in high-quality assets in critical logistics markets. The properties offer a stable cash flow with a weighted average lease term of over two years.
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