Pacific Industrial, LLC Acquires 39 Acres in the Heart of LA

CBRE announced today the largest land sale in the Central Los Angeles market since 2002 with the purchase of 39 acres of industrial land in the City of Bell, California for over $44 million. The City of Bell owned the former World War II Cheli Air Force Base GSA site, a vacant and raw undeveloped property which was entitled for 840,390 square feet of development. The Property was sold to Pacific Industrial, LLC, an industrial real estate developer based in Long Beach.
December 16, 2013