Infill Industrial Site Trades to Prologis for Land Value
CBRE arranged the sale of a 1.43-acre infill industrial site in Lynwood to Prologis. The sale price was undisclosed.
Mark Shaffer, Anthony DeLorenzo, Gerard Poutier, Bryan Johnson and Nick Williams with CBRE Investment Properties—California/Arizona/Nevada, along with Greg Dyer and Ryan Wengart with CBRE’s Los Angeles South Bay office, represented the seller, 11511 Bellinger Holdings LLC.
Located at 11511 Bellinger St. in Lynwood, the property includes an unoccupied 34,436-square-foot industrial facility that was built in 1930. The site supports potential various outside storage uses, including truck and trailer parking, and was purchased for land value.
“Port-served infill industrial sites continue to see strong intertest from discerning capital given solid underlying fundamentals,” said Shaffer. “Despite a relative slowdown, demand continues to outpace supply, which could lead to another year of double-digit rent growth.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).