A beverage and food distributor with a global reach has bought a huge Richmond industrial center for more than $100 million.
Elevated view of Richmond Distribution Center 3, a warehouse, industrial and logistics complex at 500 Pittsburg Avenue in Richmond.
Illinois-based Reyes Holdings, acting through an affiliate, has bought a warehouse and logistics complex at 500 Pittsburg Avenue in Richmond, documents filed on March 3 with the Contra Costa County Recorder’s Office show.At this price, the transaction would appear to be one of the largest property purchases by dollar amount in the East Bay so far in 2023.
Ares Management, a firm that invests in real estate and other assets on behalf of big clients, sold the distribution and warehouse center to the Reyes Holdings affiliate, according to the public records.
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