Walmart Pays $223M for SoCal Cold-Storage Facility
Logistics & TransportationCaliforniaDivestiture
Walmart→State Street
May 28, 2026
Bridge Logistics Acquires Fontana Warehouse (Off-Market)
Announced
Logistics & TransportationCaliforniaAdd-on
Deal Overview
Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings LLC, acquired a 133,115-square-foot Class A distribution facility at 10740 Banana Ave. in Fontana, in California’s Inland Empire West submarket. The deal was sourced off-market.
The property was built in 2020 and is fully leased through 2028, providing durable cash flow as market fundamentals improve. The article says in-place rents are below market, creating a path to grow NOI. BLP described the purchase as an opportunity to buy below today’s replacement costs.
Key Details
- Transaction
- Bridge Logistics acquires Fontana Warehouse
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