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California  + Los Angeles  + Industrial  | 
Rexford Industrial Real Estate

New Purchases: Rexford Rumbles into 2022 Where It Left 2021

Southern California specialist Rexford Industrial Realty, Inc., had an in-house record year for property purchases in 2021 – and its first batch of 2022 acquisitions maintains that “momentum.” See for yourself, via co-CEOs Howard Schwimmer and Michael Frankel:

“We are pleased to maintain our strong momentum into 2022,” the co-CEOs added, citing the firm’s focus on “high-quality, irreplaceable industrial property with significant embedded value-creation potential within supply-constrained infill Southern California.” (via a released statement)

This 2022 batch includes five industrial properties worth $170 million, with another $450 million in proposed deals either under contract or with already agreed deals.

A notable pickup for Rexford is at 18455 S. Figueroa St. and 501 W. 190th St. in Gardena for $64 million, or $165 per land square foot. At present, this is where the headquarters of Faraday Future sits. Faraday enjoyed an IPO experience last year, via reverse merger.


Inside The Story

Rexford Industrial Real Estate

About Jason Middleton

  • ◦Sale/Acquisition