Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings Inc., has expanded its portfolio in Southern California with the recent acquisition of an infill, last-mile logistics facility. The property, located at 1215 W. Walnut St. in Compton, aligns with BLP’s investment strategy to acquire assets in key markets across the country.
According to Paul Jones, managing director of BLP, their team strategically acquired this well-positioned and functional asset at a significant discount due to current disruptions in capital markets.
The newly acquired 57,671-square-foot warehouse features rear-loading capabilities and is situated near the 91 Freeway for easy access to major transportation hubs such as Ports of Los Angeles and Long Beach, Los Angeles International Airport and Downtown LA. Additionally,the building is fully leased until June 2025.
In representing BLP during this transaction was CBRE brokers Rob Flores and Brian Held who helped secure the deal.
This latest purchase by Bridge Logistics highlights their continued growth strategy within Southern California’s competitive commercial real estate market.
