Bain And Staley Point Capital Acquired South Bay Industrial Site In LA For $35 Million

Bain Capital Real Estate stands back in Southern California with Staley Point Capital for a $34.5 million purchase of an industrial site in Los Angeles County’s South Bay.

The 135,000 Sq Ft. property at 2700 California Street in Torrance, Calif., was last owned by Edelbrock, a specialty auto parts manufacturer.

The region has expanded into a leading West Coast market for wholesalers and cargo-centered tenants. 

The joint venture has now achieved six purchases after launching in September 2020. Most recently, the 2 firms purchased a 14-acre site in the Inland Empire, following extra transactions in Orange County as well as L.A. County’s Santa Fe Springs and San Fernando Valley.

Bain Capital especially made headlines in May when it met BARDAS Investment Group with plans to develop a $450 million soundstage project in Hollywood, which will highlight five stages; 350,000 Sq Ft. of creative space; and a 90,000 Sq Ft. “creative village” of high-end bungalows.

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