Amazon and LA28 Acquire Former Forever 21 Campus in Lincoln Heights
Amazon has purchased two commercial buildings in Lincoln Heights for an estimated 146.2 million dollars, while LA28 leased the remaining building on the 39-acre site.
FTMQ Real Estate, written by our newsroom0 views
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Amazon bought two commercial buildings at the former Forever 21 headquarters in Lincoln Heights, while 2028 Summer Olympics organizer LA28 leased the remaining third building on the campus. Bisnow reported that the 39-acre property located at 3930 Mission Road will no longer sit vacant following the property transactions. [1]
According to Bisnow, public records show Amazon paid 9.52 million dollars in Measure ULA transfer taxes for its portion of the site. That tax payment indicates a purchase price of 146.2 million dollars for the two acquired buildings. [1]
Amazon declined to comment on its specific plans for the Lincoln Heights buildings. Bisnow noted that the e-commerce giant has been expanding its national real estate network to support same-day delivery operations. Amazon was founded in 1994 as an online book marketplace before expanding into broader retail and e-commerce infrastructure. [1][4]
The lease agreement brings the Olympic organizing committee to the site ahead of the Games. The 2028 Summer Olympics are scheduled to take place from July 14 to July 30, 2028, with Los Angeles acting as the main host city alongside secondary event locations across Greater Los Angeles and Oklahoma City. [1][2]
In short
- Amazon paid 9.52 million dollars in Measure ULA transfer taxes on the Lincoln Heights property transaction.
- The indicated sale price for Amazon's two buildings at the 3930 Mission Road campus is 146.2 million dollars.
- LA28 leased the remaining third building on the 39-acre former Forever 21 headquarters campus.
- The 2028 Summer Olympics will take place from July 14 to July 30, 2028.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Amazon, LA Olympics Organizer Take Over 39-Acre Site Formerly Home To Forever 21Bisnow, 15h ago (the report this story comes from)
Background
- [2]2028 Summer Olympics on Wikipedia
- [3]List of Historic Artists' Homes and Studios sites on Wikipedia
- [4]Amazon (company) on Wikipedia
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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