Howard Industrial Partners is buying up more land in Bloomington. Recently, the company purchased 29 acres of land in the Inland Empire for $30.44 million, according to Vizzda records. The seller in the transaction is an entity linked to Steve C Na.
The property is located at 18077 Santa Ana Ave. at the corner of Locust and Santa Ana avenues to the southwest of Bloomington. Nearby are a number of businesses and single family homes. Interstate 10 is also situated just north of the property.
It is unclear what plans, if any, Howard Industrial Partners has for the property. However, this is not the first assemblage of land the firm has acquired in the area. In May, the developer acquired more than 89 acres of land in Bloomington for $132.83 million, which works out to about $1.48 million per acre. The assemblage of land was acquired through 58 different transactions, according to The Registry’s previous reporting.
The land is loosely bound by Locust Avenue to the west, Jurupa Valley Avenue to the south and Linden Avenue to the west. The land is home to several structures totaling 117,887 square feet.
According to its website, Howard Industrial Partners has entitled approximately 620 acres of land for industrial uses over the past 15 years. Currently, the developer has an additional 360 acres of land in the entitlement process. In total, the company has developed more than nine million square feet of industrial space throughout the Inland Empire.
