LBA Realty Sells LA Asset for $60M; a luxury furniture manufacturer, Ardmore Home Design, bought the property it’s been occupying since 2020

  • 10/29/2024

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CPE

Ardmore Home Design has acquired a 282,377-square-foot industrial asset in the City of Industry, Calif., for $59.9 million. LBA Realty previously owned the property, according to CommercialEdge data. JLL and HRS Commercial represented the seller and the buyer, respectively. LBA had purchased the asset for $31.7 million in 2016, the same source shows. The new owner, a luxury wholesale furniture manufacturer, has been fully leasing the facility since 2020.

LBA Realty & Logistics
John Garrigan | Principal, Head of Acquisitions

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