(To read more on the industrial market, click here.)

LOS ANGELES-The Bristol Group Inc. of San Francisco plans to sell a Southern California industrial portfolio of 4.6 million sf of class A space and has named Eastdil Secured to market the properties. Eastdil expects to distribute offering materials in April.Most of the properties are in the South Bay, Central Los Angeles and Mid-Counties submarkets of Los Angeles, where the direct vacancy and overall availability of industrial space have remained in the low single-digit range for several years. The remaining buildings are in Orange County, also a tight industrial market.Six of the properties total more than 3.7 million sf and consist of multiple-building industrial parks. The other six, comprising 800,000 sf, consist of stand-alone structures suited for single-tenant users.All of the properties were value-added acquisitions for the Bristol Group, which repositioned all of them either through renovations or leasing to new tenants. Eastdil Secured describes the locations as infill sites near the ports of Los Angeles and Long Beach.The Los Angeles area properties are part of a nationwide Bristol Group portfolio that totals more than 13 million sf. In addition to the industrial portfolio it owns, other Southern California assets owned by the Bristol Group include the Los Angeles Center Studio in Downtown Los Angeles, the 438,000-sf Rolling Hills Plaza community retail center at Pacific Coast Highway and Crenshaw Boulevard in Torrance and a 615,000-sf office building at 1055 W. Seventh St. in Downtown Los Angeles.The office building signed one of the largest downtown office leases of 2005 when the Los Angeles Unified School District agreed to lease more than 117,000 sf at the building.

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