Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today 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 e-commerce 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.
“We are pleased to acquire this facility in a highly strategic distribution location, underscoring our continued strategy of securing key net lease investments in core logistics markets,” said David Gross, Managing Director at Morgan Stanley Real Estate Investing. “This facility in particular is a critical asset for distribution and logistics needs in a significant region of Southern California where both a lack of space and regulatory hurdles present development constraints.”
The property is uniquely situated adjacent to LAX in West LA and provides unparalleled distribution access to some of the region’s most affluent communities including Santa Monica, Brentwood and Beverly Hills, and their three million residents.
MSREI recently announced the sale leaseback of a 26-acre IOS facility in Fontana, CA, for Oldcastle Infrastructure in November 2025. With this West LA facility, MSREI has acquired approximately $1.5 billion of U.S. industrial assets this year bringing its U.S. industrial portfolio to more than 75 million square feet.
Commenting on the asset class, Will Milam, Head of U.S. Investments at Morgan Stanley Real Estate Investing, said: “The rise of e-commerce has fundamentally increased demand for well-located, modern logistics assets which we believe are critical infrastructure for today’s economy and offer strong, long-term growth.”
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