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California  + Los Angeles  + Industrial  | 

Rexford Acquires Pair of SoCal Industrial Assets for $339M

Los Angeles-based Rexford Industrial Realty, Inc. completed the $339.2-million acquisition of a four-building industrial complex in Whittier and a three-tenant industrial property in Sylmar. The acquisitions were funded using a combination of cash on hand, 1031 exchange proceeds, assumption of existing debt and operating partnership units.

Rexford’s Howard Schwimmer says, “These investments contribute towards the accretive growth of our portfolio within the highly sought-after Southern California industrial market.”

Gateway Pointe Industrial Campus, located at 3963, 3931, 3735, and 3629 Workman Mill Rd., was acquired for $296.6 million. The 45.12-acre Mid-Counties submarket property comprises four Class A industrial buildings containing 989,195 square feet.

Rexford also acquired 13943-13955 Balboa Blvd. in the San Fernando Valley for $42.6 million via an off-market transaction. The 100% occupied Class A industrial building contains 200,632 square feet on 10.5 acres of land.

CBRE’s Darla Longo, Barbara Perrier and Rebecca Perlmutter brokered the deal. Rexford was represented by Greenberg Glusker LLP’s Kenneth S. Fields, Patricia Hong and Amy E. Rice on the Gateway transaction.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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