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Rexford Acquires Commercial Industrial Portfolio for $91.5M in Deal Arranged by JLL Capital Markets

Rexford Acquires Commerce Industrial Portfolio for $91.5M

Rexford Industrial Realty has acquired a pair of industrial properties in Commerce, CA for $91.5 million in a transaction arranged by JLL Capital Markets. The two Class-A facilities, located on Bandini Boulevard, total 183,000 square feet and feature dock-high loading, gated and secured courts and 32-foot clear heights. 

JLL’s Senior Managing Director Zac Sakowski, Director Chad Solomon and Vice President Brianna Demus represented the buyer in the off-market deal. “This transaction represents a great outcome for both buyer and seller,” said Solomon. “Despite macroeconomic headwinds, the Southern California industrial market remains strong, with record low vacancy rates, consistent renewals and the continued upward trajectory of asking rates.”

The buildings have convenient freeway access in one of the nation’s highest demand markets. Interstates 5, 710 and 605 are all within 3 miles of the properties. 

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Inside The Story

Rexford Industrial RealtyJLL Capital Markets Chad Solomon

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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