Exclusive: Ares Management Sells LA Industrial Asset
A travel gear company purchased the facility with financing from a Big Four bank.
Ares Management has sold a 150,548-square-foot, Class A distribution center in Santa Fe Springs, Calif., according to Yardi Matrix information. The property changed hands for $51.3 million.
Travelers Club Luggage is the buyer, the data provider shows. The Southern California-based company founded in 1986 designs, imports and distributes travel gear and accessories. Bank of America provided a $37.4 million acquisition loan.
Ares Management owned the asset for four years. The company picked it up in 2022 for $39.1 million.
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The building is at 13900 Carmenita Road and is known as GLP Mid-Counties Distribution Center. It occupies a 7-acre lot and is close to State Route 91 as well as to interstates 5 and 605, allowing access across Los Angeles and Orange County. Los Angeles International Airport is 22 miles away while Ports of Los Angeles and Long Beach are both within 25 miles.
GLP Mid-Counties Distribution Center includes 8,115 square feet of office space, 32-foot clear heights, one grade-level door and 16 dock-high doors, as well as 199 car parking spots and four trailer parking spots.
Bridge Industrial, recently renamed as Kurv Industrial, developed the facility. Construction began in 2021 on the project, initially dubbed Bridge Point Santa Fe Springs IV, with Fullmer Construction as general contractor. The project reached completion in 2022. It replaced a former chemical facility and required extensive environmental remediation.
LA ranks among top industrial markets for sales
Los Angeles’s industrial fundamentals remained relatively strong through the first half of 2026, according to a recent Yardi Matrix industrial report. Investment activity remained substantial, totaling approximately $1.9 billion in industrial transactions as of June, placing third after Dallas ($2.6 billion) and Chicago ($2.2 billion). Properties sold at $298 per square foot on average, more than double the $141 national average.
One of the recent notable investments is BKM Capital Partners’ $95 million purchase of a 429,000-square-foot asset in Carson, Calif. The 11-building property is known as Carson Industrial Center. In March, Terreno Realty sold a 231,000-square-foot campus for $44 million. The two-building property is in Gardena, Calif., and was fully occupied at the time of the transaction.
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