Amazon and LA28 Secured Lincoln Heights Campus Space
Amazon purchased a 39-acre site in Los Angeles for expansion while the LA28 organizing committee secured a new lease.
Updated on Oct. 5, 2026 in Commercial
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Amazon has acquired two buildings at the former Forever 21 campus in Lincoln Heights for $146.2 million. The LA28 Olympic organizing committee also leased a separate building on the 39-acre site.
Why it matters
This transaction highlights the shifting use of large-scale industrial property in Los Angeles as major logistics firms and event organizers vie for space near the city center. Amazon's purchase marks a significant step in its strategy to expand its same-day delivery network.
Amazon paid $146.2 million for two buildings totaling 503,000 square feet, incurring $9.52 million in Measure ULA transfer taxes. LA28 signed a 28-month lease for the campus's largest structure, which spans 667,000 square feet.
The players
Amazon
A multinational technology and retail firm expanding its same-day logistics network.
LA28
The organizing committee responsible for the 2028 Olympic and Paralympic Games in Los Angeles.
Newland Capital Group
A real estate investment firm that acted as a seller of the Lincoln Heights campus.
Related Fund Management
A private equity firm that partnered in the ownership and sale of the commercial site.
CBRE
A global commercial real estate services firm that marketed the property for lease or sale.
The details
The Lincoln Heights campus, previously marketed by CBRE, transitioned from owners Newland Capital Group and Related Fund Management. Amazon acquired Buildings 2 and 3, which house 224,000 and 279,000 square feet respectively, as part of a goal to increase its nationwide footprint by 51 million square feet. LA28 secured the 667,000-square-foot Building 1 to support its organizational needs leading up to the games.
Timeline
Summer 2025: Newland and Related purchased the campus for $120 million.
October 2026: The property deals were officially reported.
The Home Front
Large commercial transactions in Los Angeles now frequently trigger Measure ULA transfer tax obligations, directly impacting the final cost of high-value industrial acquisitions. This deal reflects a broader trend of repurposing massive footprint campus sites for logistics and administrative hubs.
Residents near Lincoln Heights should monitor local traffic patterns as these facilities begin operations in their new roles. Homeowners and renters nearby may also want to track city planning updates for the area to understand potential changes in local infrastructure or zoning.
The takeaway
Large-scale commercial shifts in industrial hubs often signal changing traffic and delivery patterns for nearby residential neighborhoods. If you live near the Mission Road site, review city notices for upcoming zoning adjustments or transportation infrastructure updates.
Further reading
For more information on market trends, visit Commercial.
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