Bloomington Logistics Center Bloomington Logistics Center

Crow Holdings Industrial has sold the Bloomington Logistics Center in the Inland Empire for $100.5 million to ASB Real Estate Investments, which purchased the asset on behalf of its Allegiance Real Estate Fund.

Completed in 2019, Bloomington Logistics Center features a 36-foot clear height, ESFR sprinklers, 185-foot wide truck court, 3% skylights, LED lighting, 4,000-amp electrical service, ample parking spaces, low office finish, 118 dock-high doors and four grade-level doors. The building is triple net leased to Newgistics, Inc., the e-commerce arm of Pitney Bowes, and creates cutting edge digital commerce, fulfillment, shipping and returns solutions.

The JLL Capital Markets team representing the seller was led by executive managing directors Mark Detmer and Bo Mills and SVP Ryan Sitov.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.