California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Rexford Acquires Fontana Industrial in Off-Market Deal
JLL Capital Markets arranged the $70.1-million sale of a fully leased 278,650-square-foot industrial property located at 13201 Dahlia St. in Fontana. The firm facilitated the transaction between the seller, identified in published reports as AXA Real Estate, and the buyer, Rexford Industrial, which announced the off-market acquisition last week as part of its third-quarter results.
The cross-dock industrial facility, constructed in 1989, was fully leased to a credit tenant at time of sale. The building benefits from immediate logistical access to the nation’s most critical supply chain infrastructure and Southern California’s population of more than 25 million people.
The JLL Investment Sales and Advisory team was led by senior managing directors Mark Detmer and Patrick Nally along with senior director Evan Moran. The JLL Inland Empire Markets team was spearheaded by executive managing director Mike McCrary, senior managing directors Jeff Bellitti and Ruben Goodsell and managing director Hunter McDonald.
