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BLACKRIDGE PURCHASES $7.38 MILLION INLAND EMPIRE INDUSTRIAL FACILITY

REDLANDS, CALIF. — BlackRidge Real Estate Group LLC has acquired a 147,677-square-foot industrial building, located at 1455 Research Drive within the Redlands Business Center in Redlands, from Bixby Land Co. for $7.38 million. Voit Real Estate Services’ Frank Geraci and Walt Chenoweth represented the buyer in the transaction, and Jones Lang LaSalle’s Ruben Goodsell, Michael McCrary and Peter McWilliams represented the seller. Built in 2006 and 50 percent leased at the time of sale, the one-story, freestanding, concrete tilt-up building features 30 dock-high doors, three ground-level ramps and 6,000 square feet of office space.

Content Partners
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