Bridge Buys The BoxYard Industrial Campus in Los Angeles

A 7-acre industrial site next to the Arts District in Los Angeles has sold for $68M.

Bridge Development Partners has acquired The BoxYard, a 261K SF industrial property at 2445 East 12th St.

Bridge purchased the property from Atlas Capital in an off-market transaction, Bridge Development partner of the West Region Brian Wilson said.

Lee & Associates’ Mike Smith and Jim Halferty represented the buyer and seller. Smith and Halferty will continue to work with Bridge as the BoxYard's listing team.

Wilson said Bridge wants to unlock value in this underutilized asset.

//bisnow.com