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California  + Los Angeles  + Industrial  | 

Rexford Executes $72M in Acquisition, Disposition Activity

Los Angeles-based Rexford Industrial Realty, Inc. completed five industrial property transactions totaling $71.8 million. The activity includes the acquisition of two properties for $27.6 million and the disposition of three assets for $44.2 million.

The acquisitions included a 56%-leased 6.48-acre development site at 12772-12746 San Fernando Rd. in Sylmar. The property with two legacy industrial buildings totaling 140,840 square feet was purchased for $22.1 million. The second purchase was a $5.5-million off-market transaction for a 100%-leased, single tenant container storage facility at 12133 Greenstone Ave. in Santa Fe Springs.

Rexford’s Michael Frankel says, “These investments represent strong examples of Rexford’s value-add repositioning and redevelopment expertise. Following their near-term in-place lease expirations, these sites will be repositioned into highly-functional, higher-value industrial assets designed to appeal to a deep universe of tenants within submarkets demonstrating an extreme lack of supply of similar quality space.”

The dispositions included:
– a two-tenant building at 2700-2722 S. Fairview in Santa Ana for $20.4 million (pictured);
– a multi-tenant building at 121 W. 33rd St. in National City for $13.5 million;
– a vacant, single tenant building at 3927 Oceanic Dr. in Oceanside for $10.3 million.

For comments, questions or concerns, please contact Dennis Kaiser

*Photo courtesy of Rexford

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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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