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.