Property Reserve Buys Palisade Redlands logistics center (356,791 SF) in Los Angeles

SaleIndustrialInland Empire East (Riverside / Moreno Valley / Perris / San Bernardino)

Reported Oct 28, 2026 · Source: The Registry

Source: The RegistryRead the full report at The Registry ↗

Deal details

Buyer
Property Reserve (real estate arm of The Church of Jesus Christ of Latter-day Saints)
Seller
North Palisade Partners
Price
$63.3M
Size
356,791 SF
Price per SF
$177 per SF (our calculation)
Asset class
Industrial
Transaction
Sale
Sub-market
Inland Empire East (Riverside / Moreno Valley / Perris / San Bernardino)
Metro
Los Angeles (incl. OC & Inland Empire)
Reported date
Oct 28, 2026

Summary

Property Reserve paid $63.3 million for North Palisade's 356,791-square-foot Palisade Redlands Logistics Center on a former waterpark site. Property Reserve Pays North Palisade $63.3MM for 357,000 SQFT Palisade Redlands Logistics Center. Source: The Registry.

Summarized from the article; the quoted lines below are from the article itself.

Source: The Registry

Read the full report at The Registry. What the article says:

  • Deal / Price / Size / Buyer
    Property Reserve paid $63.3 million for North Palisade's 356,791-square-foot Palisade Redlands Logistics Center on a former waterpark site.
  • Deal
    Property Reserve Pays North Palisade $63.3MM for 357,000 SQFT Palisade Redlands Logistics Center
  • Seller
    The real estate arm of The Church of Jesus Christ of Latter-day Saints bought North Palisade Partners' newly completed 356,791-square-foot warehouse on the former Splash Kingdom waterpark site in Redlands for $63.3 million, a price that sits below both the regional average and the project's $65 million construction loan.

Article date: 2026-10-28T12:05:00+00:00

Frequently asked questions

Who bought Palisade Redlands logistics center?
Property Reserve bought Palisade Redlands logistics center in Inland Empire East, Los Angeles, according to The Registry.
How much did Palisade Redlands logistics center sell for?
The reported price is $63.3M ($177 per SF, our calculation), per The Registry.
Who sold Palisade Redlands logistics center?
The seller was North Palisade Partners, per The Registry.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.