CenterPoint Properties has purchased a 173,134-square-foot industrial building in the heart of Los Angeles at 8500 Mercury Lane in Pico Rivera, Calif. This transaction is only the second involving a class A industrial building in infill Los Angeles since November 2019.
The nearly eight-acre Mercury property is full of modern amenities lacking in most of the area's facilities, including a 32-foot clear height, 24 dock doors with the ability to accommodate six more doors, and an ESFR sprinkler system. It is less than 2 miles from Interstate 5, giving the tenant access to the dense Southern California population, Downtown L.A. and the Ports of Los Angeles and Long Beach.
