BLP Acquires Newly Constructed, Fully Leased Industrial Portfolio in the Inland Empire West
Class A acquisition in the high-barrier Inland Empire market bolsters durable cash flow and long-term growth potential.
Bridge Logistics Properties ("BLP"), a subsidiary of Bridge Investment Group Holdings Inc. (NYSE:BRDG) ("Bridge"), today announced the acquisition of a recently constructed, three-building, 332,793-square-foot Class A industrial portfolio in Fontana, California for $83.5 million. Located in the heart of the Inland Empire West—one of the nation's most critical logistics markets—this transaction exemplifies BLP's disciplined investment strategy of targeting high quality assets in the nation's Global Gateway markets where there is a confluence of dense population centers, critical logistics infrastructure, and significant barriers to new supply.
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BLP acquires three newly constructed, fully leased distribution buildings in Inland Empire West.
The portfolio is comprised of three newly constructed, modern distribution facilities:
- 14074 Rancho Court (100,039 SF)
- 14019 Rose Avenue (57,654 SF)
- 14928 Washington Drive (175,100 SF)
Each building features Class A specifications including 32-foot clear heights, secured all-concrete truck courts, dock-high and grade-level loading, ESFR sprinkler systems, and LED lighting. The properties are fully leased and offer a weighted average lease term of over two years, delivering stabilized cash flow during a period of macro and policy driven economic uncertainty.
"During this period of pronounced price dislocation, our investment thesis focuses on acquiring best-in-class, well-located assets with strong in-place cash flow," says Paul Jones, Managing Director of BLP. "Local municipal headwinds, AB 98, and general land scarcity are causing significant barriers to new development. Once economic conditions stabilize and tenant demand normalizes, we believe we will see value appreciation for existing assets."
The Inland Empire West remains one of the most competitive and vital industrial markets in the United States, with more than 700 million square feet of existing inventory. The portfolio provides exceptional connectivity via I-10, I-15, and SR-60, proximity to the Ports of Los Angeles and Long Beach, and access to 15 million people within a 50-mile radius. Historically, buildings in this size range attract the deepest part of tenant demand and as of Q1 2025 there are only a couple buildings under construction in the Inland Empire West within the 100,000 to 250,000 square foot range. The region's construction pipeline has contracted significantly, with only 11 million square feet currently underway - a 65% decline from peak levels.
The transaction expands BLP's National portfolio to 16.3 million square feet and reinforces its commitment to acquiring best-in-class logistics assets in the country's most resilient industrial markets.
For more information, visit BridgeBLP.com.
About BLP
BLP is a vertically integrated logistics real estate investment manager led by tenured, multi-disciplinary real estate professionals with experience navigating several economic environments over the past three decades. Its founding members and leadership team employ a disciplined investment strategy that is both cycle-tested and innovative. Founded in 2021, BLP is comprised of industrial real estate veterans with prior tenure at Brookfield, Prologis, IDI Logistics, Duke Realty, Hines and KTR Partners.
BLP is a value-focused investment manager that is highly collaborative with its institutional capital partners. Leveraging its deep local relationships and its global operating experience, BLP uncovers and executes on investment opportunities in targeted coastal and gateway markets in the U.S. BLP executes its acquisition and development strategy in a vertically integrated regional structure across five offices located in New Jersey, Atlanta, Miami, Dallas and Los Angeles. Its steadfast focus on innovation and sustainable development promotes solutions that are both profitable and socially responsible. For more information, visit BridgeBLP.com.
About Bridge Investment Group
Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $49 billion of assets under management as of March 31, 2025. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. verticals across real estate, credit, renewable energy and secondaries strategies.
Forward-Looking Statements:
This press release has been prepared solely for informational purposes and is not to be construed as investment advice or an offer or a solicitation for the purchase or sale of any financial instrument, property, or investment. It is not intended to provide, and should not be relied upon for, tax, legal, or accounting advice. The opinions, estimates, forecasts, and statements of financial market trends are subject to change without notice due to changes in the market or economic conditions. We believe the information provided here is reliable, but do not warrant its accuracy or completeness.
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. All statements other than statements of historical facts may be forward-looking statements. Accordingly, we caution you that any such forward-looking statements are based on our beliefs, assumptions and expectations as of the date made of our future performance, taking into account all information available to us at that time. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties that are difficult to predict and beyond our control. Actual results may differ materially from those express or implied in the forward-looking statements as a result of a number of factors. Any forward-looking statement speaks only as of the date on which it is made. Neither Bridge nor BLP undertake any duty to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law.
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BLP Media Contact:
Stacey Jones
for Bridge Logistics Properties
(213) 925-8177
[email protected]
Bridge Investment Group Contact:
Charlotte Morse
Bridge Investment Group Holdings Inc.
(877) 866-4540
[email protected]