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Rexford Acquires Thousand Oaks Industrial Park For $106M

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Los Angeles-based Rexford Industrial Realty, Inc. acquired Conejo Spectrum Business Park, located in Thousand Oaks, CA for $106.3 million, or $200-per-square-foot. The nine-building industrial complex is 72% leased to a range of credit tenants, and contains 531,378 square feet on 28.05 acres of land.

The property was acquired via an off-market transaction from Sares-Regis Group, which developed it. The infill industrial market transaction presented Rexford the “rare opportunity” to acquire a newly-constructed industrial park in a highly competitive submarket in which Class A industrial space is virtually unavailable.

The Class A buildings are LEED-certified and feature 28-foot to 30-foot clearance, ESFR fire sprinklers, private secured yards and modern office space. Rexford intends to demise a vacant 98,218-square-foot building into two units in order to increase value.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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