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Dedeaux, Barings JV Sells Cold Storage Facility to LBA Realty
A joint venture between Dedeaux Properties, LLC and Barings Real Estate acting on behalf of an institutional investor, sold the Los Angeles Food Center for reportedly $58 million to LBA Realty. The 267,000-square-foot cold storage facility is located at 2652 Long Beach Ave.
The 10.6-acre site in Vernon is three miles south of DTLA, in SoCal’s primary food manufacturing and distribution submarket. The facility features more than 192,000 square feet of renovated and fully racked freezer and cooler rooms, with clearance heights up to 30 feet, as well as refrigerated dock areas.
Dedeaux Properties’ Brett Dedeaux says, “The size, location and functional layout of the Los Angeles Food Center allow users to streamline the truck loading and off-loading process to expedite last-mile distribution.”
CBRE’s Jack Fraker, Darla Longo and Barara Emmons Perrier represented buyer and seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


