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Rexford Acquires Pair of Industrial Assets for $35.9M

Connect Industrial is heading to Chicago, June 28th. Here’s where to get more details and register.

Los Angeles-based Rexford Industrial Realty, Inc. acquired two industrial properties for approximately $35.9 million. The SoCal acquisitions were funded with cash on hand.

Rexford’s Howard Schwimmer said, “The acquisition of these two properties demonstrates our ability to continue to source attractive investments in high-demand locations within our core infill submarkets.”

The assets include:

  • Pacific Pointe at Douglas Park, 4175 E. Conant St. in Long Beach, acquired from Sares Regis Group for $30.6 million. The newly constructed 142,593-square-foot, Class A industrial facility features 32-foot clear height and LEED certification. It is 100% leased to Universal Technical Institute, Inc. through August 2030.
  • 5421 Argosy Ave. in the Orange County West submarket, acquired for $5.3 million.

CBRE’s Darla Longo, Barbara Emmons Perrier, Rebecca Perlmutter Finkel and Michael Kendall represented the buyer and the seller. CBRE’s John Schumacher, Brian DeRevere and J.B. Green were the local market experts on the deal.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Read more at RexfordConnect With Rexford’s SchwimmerConnect With CBRE’s Longo

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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