Commercial Observer Bridge Investment Group has paid $105.3 million, or $2,513/sf, for a 41,300-square-foot industrial property at 222 Morgan Ave. in Brooklyn, N.Y. The Salt Lake City investment manager bought the property from PepsiCo Inc., parent of Frito-Lay, which uses it as a distribution facility. PepsiCo had acquired it 20 years ago for $8.7 million. […]

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