Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), has announced the acquisition of a last-mile delivery distribution facility adjacent to Los Angeles International Airport (LAX) that is long-term net-leased to a major multinational ecommerce retailer. The $211 million acquisition includes a newly developed Class A distribution building and an industrial outdoor storage (IOS) parking site on 19 acres of land.
The property is uniquely situated adjacent to LAX in West Los Angeles and provides unparalleled distribution access to some of the region’s most affluent communities including Santa Monica, Brentwood and Beverly Hills, and their 3 million residents.
MSREI recently announced the sale leaseback of a 26-acre IOS facility in Fontana, Calif., for Oldcastle Infrastructure in November 2025. With this West Los Angeles facility, MSREI has acquired approximately $1.5 billion of U.S. industrial assets thi
