BLOOMINGTON, CA—Realterm/NAT, a a vertically integrated owner and manager of high flow-through logistics facilities has purchased YRC Bloomington Truck Terminal, a 51.42 acres industrial site here for $58.15 million.
CBRE handled the deal for the both the buyer and the seller, Pacific Industrial and institutional investors advised by J.P. Morgan Asset Management.CBRE vice chairmen Darla Longo, Barbara Emmons, and Mike Caprile, and vice president Rebecca Perlmutter Finkel, with local support from first vice president Grant Ross and Newmark Grubb Knight Frank's Steve Sprenger were instrumental in the deal.
“This is rare opportunity to acquire such a large property in the highly desirable Inland Empire West,” says Emmons. “This area continues to demonstrate its strong market dynamics, with a low vacancy rate of three percent and a net absorption of 9.6 million square feet.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
