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Distribution facility sell for $102 million

An automated distribution facility in Bloomington that specializes in “last-mile” deliveries has been sold for $102 million.

Crow Holdings Development, a private Investment-development firm in Dallas, sold the 344,360-square-foot structure at 18025 Slover Ave., according to JLL, which helped negotiate the sale.

Information about the buyer was not released.

The one-year-old building sits on 17.3 acres and is near Interstates 10, 15 and the 60 and 91 freeways.

“This transaction represents an extremely positive outcome for both seller and buyer, as we continue to see a very high level of demand for Class A industrial assets in the region,” Detmer said. “The property is a state-of-the-art asset that will allow goods to flow to consumers and will contribute as a valuable piece to the nation’s supply chain for years to come.”

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