Link Logistics Cashes In $47M for Orange County Asset
Blackstone's $18.7 billion acquisition of GLP's industrial portfolio, the catalyst for Link Logistics' creation, included this property.
Link Logistics has sold a 202,461-square-foot industrial campus in Fullerton, Calif., for $46.6 million, according to Yardi Matrix information. Berkeley Partners acquired the property, marking its entrance into the Orange County market.
Advanced Image Direct is the sole tenant at the Class B property, known as Acacia Business Center.
Link Logistics had owned the property since 2019. The industrial campus was part of Global Logistics Properties’ portfolio purchased by Blackstone, in what was then the largest off-market, private equity real estate transaction. Blackstone’s $18.7 billion deal for nearly 179 million square feet of industrial space across the U.S. prompted the investment giant to create Link Logistics in order to manage its growing footprint.
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Acacia Business Center occupies nearly 9 acres at 1415 S. Acacia Ave., close to Interstate 5 and to State Route 91, allowing easy access to the Greater Los Angeles area. John Wayne Airport is within 17 miles, while the ports of Los Angeles and Long Beach, Calif., are within 30 miles.
The property, built in 1980, comprises two buildings: one single-story and one two-story. These facilities feature skylights, ESFR sprinkler systems, three grade-level doors and 23 dock-high doors combined. The campus also includes 253 car parking spots and a truck court.
Link Logistics now owns more than 470 million square feet of logistics space spread across 40 U.S. key markets. Its recent disposition follows a series of notable deals in the sector. In Fremont, Calif., it sold a 139,900-square-foot campus last year, part of Morgan Stanley’s $142.7 million portfolio acquisition, which included another 91,644-square-foot asset in Fontana, Calif.
Southern California retains investor interest
The biggest industrial transaction of the first month of 2026 was another Link Logistics sale, according to a recent Yardi Matrix national report. The Blackstone subsidiary received $123 million for the 265,418-square-foot South Bay Distribution Center in Torrance, Calif., which was also part of the GLP portfolio deal back in 2019.
Orange County and Los Angeles retained strong investor activity in January 2026, driven by record-level port activity. Industrial acquisitions generated $174 million in Orange County and $356 million in Los Angeles, ranking fifth and second nationwide, the same report shows. Per-square-foot average prices in these markets significantly exceeded the $166 national figure. Orange County prices reached $255 per square foot, while Los Angeles clocked in at $315.
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