Bridge Logistics Properties (BLP) has acquired an approximately 68-acre fully entitled development site within The District, a 245-acre mixed-use master-planned development in Jurupa Valley. Terms were not disclosed. The seller was DO Capital Group, which entitled The District and will continue as developer of the project’s retail, residential, and commercial components.
The 68-acre site is entitled for up to a 1.5-million-square-foot cross-dock logistics facility. BLP said it represents a rare opportunity to develop a large-scale industrial asset in one of Southern California’s most supply-constrained and strategically located logistics markets.
“The acquisition of this site reflects our continued conviction in premier logistics locations with durable long-term fundamentals and scarcity of large-format development opportunities,” said Paul Jones, managing director of BLP. “The District offers a unique combination of scale, entitlement certainty and exceptional accessibility. Located within a master planned development, it combines walkable retail and a true live, work, play environment, which we believe will be an important differentiator for occupiers focused on attracting and retaining talent.”
Peter McWilliams and Mike McCrary of JLL facilitated the sale and will handle leasing.
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