Inland Empire warehouses continue to appreciate from pre-pandemic values, trading for multiple times more than the last time they traded hands.
This week, the industrial player reaping these returns is TA Realty, which has sold a 272K SF industrial asset in Bloomington for $84M to New York Life Insurance.
Boston-based TA Realty, which has managed, acquired or invested more than $39B since it was founded in 1982, purchased the property, located on 3350 Enterprise Drive, for $30M—which means it sold for 2.8 times more than it cost to acquire. The sale price translates into $309 per SF.
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