Turnbridge Equities, an East Coast industrial player that has amassed an 8M SF last-mile warehouse portfolio in the NYC, NJ and DC markets, has launched a strategy of acquiring industrial outdoor storage infill sites in high barrier-to-entry, high-population density coastal markets.
Last week, NYC-based Turnbridge announced its first acquisition in the IOS campaign: the firm purchased for $18.3M a 2.49-acre site at 555 W. 189th Street in Los Angeles that it will develop for IOS use.
The site is within a mile of six highway cloverleaf intersections for the 405, 110 and 91 freeways, with 410 feet of frontage along 110. The location is within 11 miles from the Port of Los Angeles and Los Angeles International Airport.
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