Amazon and LA28 Purchased and Leased Lincoln Heights Site

The companies secured space at the former Forever 21 headquarters in a major Los Angeles commercial real estate deal.

Updated on Oct. 5, 2026 in Commercial

Isometric editorial illustration of a sprawling industrial warehouse complex, representing a major commercial real estate redevelopment in Los Angeles. — Amazon has acquired the former Forever 21 campus in Lincoln Heights for $146.2 million, while LA28 has leased adjacent space at the site. AI Illustration. Upload story photo >

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Amazon has purchased buildings at the former Forever 21 campus in Lincoln Heights for $146.2 million. Meanwhile, LA28 has entered into a 28-month lease for another building at the 39-acre site.

Why it matters

The transactions mark a significant redevelopment of the industrial site in Los Angeles. Amazon's acquisition specifically contributes to its long-term strategy of expanding its national same-day delivery network.

Amazon paid $9.52 million in Measure ULA transfer taxes for the $146.2 million purchase of Buildings 2 and 3, which span 224,000 and 279,000 square feet respectively. LA28 leased the 667,000-square-foot Building 1 for a 28-month term.

The players

Amazon

Amazon is a multinational technology and e-commerce corporation that is aggressively expanding its nationwide logistics and warehouse footprint.

LA28

LA28 is the organizing committee responsible for planning and hosting the 2028 Olympic and Paralympic Games in Los Angeles.

Newland Capital Group

Newland Capital Group is a private equity firm that operates as a real estate investment and development company.

Related Fund Management

Related Fund Management is an investment management firm that focuses on opportunistic real estate investments across various sectors.

CBRE

CBRE is a global commercial real estate services and investment firm that provides property leasing and sales consulting.

The details

The Lincoln Heights campus, located at 3930 Mission Road, was previously owned by a joint venture including Blackstone and Worthe Real Estate Group. The site was marketed by CBRE for sale, lease, or build-to-suit projects before the recent deals were finalized.

Newland Capital Group and Related Fund Management purchased the campus for $120 million in Summer 2025.
LA28 previously leased office space at 1150 S. Olive St. in 2025.
On Location is set to lease office space at Union Bank Plaza in early 2026.
The Amazon and LA28 property deals were reported in October 2026.
Amazon aims to reach 1,000 same-day facilities by 2031.

Culture Shift

The deal illustrates the ongoing transformation of industrial spaces into diverse hubs for logistics and event planning. It follows the precedent of Measure ULA by placing a significant tax burden on high-value property transfers within the city.

Residents in the Lincoln Heights area may see changes to traffic patterns and industrial activity levels surrounding the 39-acre campus. The redevelopment of the site will shift how the land is used compared to its previous iteration as a headquarters facility.

The takeaway

Large-scale commercial land use in urban centers remains highly dynamic as major corporations and event organizers compete for centralized space. Interested parties should monitor local zoning updates and development filings to track how these sites evolve over time.