**Bridge Logistics Acquires 1.1M-SF Industrial Facility in Fontana for $174M**
In one of the largest single-asset industrial transactions of the year in Southern California’s Inland Empire, Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings LLC, has purchased a 1,101,900-square-foot Class A distribution facility at 10681 Production Avenue in Fontana. The property was previously owned by Scuderia Properties, and the sale price was reported at $174 million.
“This is a defining acquisition, not just for BLP, but for the broader logistics market,” said Paul Jones, managing director at Bridge Logistics Properties. “Assets of this scale, quality and location are scarce. We moved decisively in this moment of peak dislocation, recognizing that the recovery in tenant demand for large, high-quality assets is outpacing available supply.”
While details about the brokerages involved in the transaction were not disclosed, BLP plans to invest in a series of targeted enhancements to prepare the warehouse for lease-up. Planned upgrades include sprinkler head replacements, dock package improvements, office renovations, and other improvements designed to elevate the property’s readiness.
This acquisition follows BLP’s purchase of a three-building portfolio in Fontana earlier this year, further solidifying its footprint in one of the nation’s most supply-constrained industrial markets.
