Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings Inc., expanded its Southern California portfolio by acquiring an infill, last-mile logistics facility located at 1215 W. Walnut St. in Compton. The acquisition furthers BLP’s investment strategy to acquire assets in global gateway markets across the country.
“Our team has opportunistically acquired this well located, functional, asset at a significant discount to replacement cost taking advantage of the current disruption in the capital markets,” said Paul Jones, managing director of BLP.
The 57,671-square-foot, rear-load warehouse is located adjacent to the 91 Freeway in Compton, with connectivity to the Ports of Los Angeles and Long Beach, Los Angeles International Airport and Downtown LA. The building is fully leased through June 2025.
Rob Flores and Brian Held of CBRE represented BLP in the acquisition.
