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Canadian Investor Pays $83 Million for Warehouse in California's Inland Empire

Developer Sells Building in Key Logistics Hub for Twice Average Price
Stream Realty Partners finished construction of Alder Commerce Center last fall. (Samuel Evans/CoStar)
Stream Realty Partners finished construction of Alder Commerce Center last fall. (Samuel Evans/CoStar)

The asset management arm of Toronto-based Sun Life Financial bought a fully leased warehouse in Bloomington, California, for twice the average per-square-foot price for industrial space near Ontario International Airport, one of the nation’s highest-demand logistics hubs.

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