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BLACKRIDGE ACQUIRES APPROX. $15.73 MILLION INLAND EMPIRE DISTRIBUTION CTR.

FONTANA, CALIF. — BlackRidge Real Estate Group LLC has acquired the 402,539-square-foot Jasmine Distribution Center, located at 10721 Jasmine Street in Fontana, from BlackRock for $15.725 million. Colliers International’s Tom Taylor, Steve Bellitti and Summer Coulter represented both the buyer and the seller in the all-cash transaction. Built in 1991, the freestanding, concrete tilt-up, vacant industrial building includes a two-story section containing 15,000 square feet of office space. BlackRidge plans to renovate the building and upgrade the sprinkler system to early suppression fast response.

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