Property Reserve Pays North Palisade $63.3MM for 357,000 SQFT Palisade Redlands Logistics Center

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.