LOS ANGELES-Pacific Industrial, an industrial developer and acquisition platform, has acquired 39 acres in Bell City to develop the Pacific Business Center, a 550,000-square-foot industrial property in Bell, CA. Set on 22.8 acres, the development will feature three class-A warehouses.

"The majority of the inventory in the central Los Angeles market is functionally obsolete,” says Brian Torp, HFF associate director, who along with managing director Don Curtis represented Pacific Industrial in the transaction. “Pacific Business Center will be the best-in-class industrial project in this submarket."

In total, the property is situated on 39 acres. BNSF currently leases the remaining 13.7 acres not included in this development project. Pacific Industrial plans to develop the space BNSF currectly occupies in 2018. The site is in a prime Los Angeles industrial location, only six miles from Downtown Los Angeles and within close proximity to the 710 and 5 freeways.