Link Logistics Acquires Montebello Industrial Building for $29M

JLL has represented Link Logistics in the $29 million purchase of 1719 Chapin Road, an 82,000-square-foot industrial building on 3.1 acres in Montebello, CA. The firm’s Jon Reno, Mark Vanis, Trevor Gale and Sage Segal handled the off-market transaction for the buyer. 

According to JLL, Los Angeles region industrial properties continue to garner investor interest, as rents steadily climb and vacancy remains near record lows. In addition, even though developers delivered 1.2 million square feet of new space in Q2, it was snapped-up quickly with 75% pre-leased.

“With a strong Los Angeles market, we are seeing well-positioned investors like Link Logistics look to grow their portfolio,” said Vanis in a news release. “We continue to see rising rents, decreasing vacancy and very little development, causing strong investor demand with no slowdown in sight.”