Longpoint acquires three industrial properties in Los Angeles County totaling over 320,000 sf
Longpoint announced that it has acquired three industrial buildings in Los Angeles County — John Reed Commerce Center, 2854 Supply Avenue, and 6480 Corvette Street — totaling 321,479 square feet. John Reed is in City of Industry, and both 2854 Supply and 6480 Corvette are located in Commerce.
John Reed Commerce Center, 2854 Supply Ave. and 6480 Corvette St. all benefit from transit-oriented locations in industrial submarkets within greater Los Angeles, and all feature vacancy rates of 2 percent or less. Longpoint plans to make market-ready improvements across all properties and lease remaining vacancies to a local distributor, wholesale or ecommerce tenant.