Link Logistics Sells LA-Area Assets for $109M

October 24, 2025

Investment Industrial Los Angeles News More West

The two warehouses total 450,000 square feet.

Aerial view of the two industrial buildings at 18305 and 18501 San Jose Ave. — The neighboring buildings total some 450,000 square feet. *Image courtesy of Bridge Logistics Properties*

Bridge Logistics Properties has paid $109 million for a two-building industrial portfolio in City of Industry, Calif. The collection includes the adjacent properties at 18501 San Jose Ave. and 18385 San Jose Ave.

JLL represented the seller, identified by Yardi Matrix as Link Logistics. Blackstone’s unit had owned both assets since 2017, when the company acquired them as part of a $395 million, 20-property deal.

The 199,200-square-foot 18501 San Jose Ave. sold for $49 million, according to the same source. The warehouse has 24-foot clear heights and 26 dock-high positions. Developed in the 1980s, the building has plus-sized retailer Torrid as a tenant.

Bridge Logistics also acquired the 250,080-square-foot 18385 San Jose Ave. for $60 million. The property is partly occupied by 8NET, a packaging, shipping and janitorial supplies specialist. The building includes 27-foot clear height and 24 dock-high positions, as well as a 250-foot truck court with two rows of extra trailer parking.

Bridge Logistics noted in a statement that the purchase price represents a significant discount to peak pricing and current replacement cost.

JLL’s Patrick Nally, Ryan Spradling, Evan Moran and Makenna Peter negotiated on behalf of Link Logistics.

San Gabriel Valley industrial market, tight

The Los Angeles industrial market as a whole is seeing vacancy rates on the rise. In the third quarter, the rate climbed to 4.8 percent, up 10 basis points over the quarter and 40 basis points over the year, according to Cushman & Wakefield. That is the highest level in the past decade. However, the metro remains one of the nation’s top markets for industrial transaction volume.

The San Gabriel Valley, which includes the City of Industry, is tighter than the overall market. Cushman & Wakefield puts vacancy for the submarket at 3 percent at the end of September. Moreover, it has been experiencing demand in the form of positive absorption of about 778,000 square feet for Q3 and nearly 2.2 million square feet for the year so far.