California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Inland Empire  + Industrial  | 
Inland Empire

Rexford Acquires Three Inland Empire Industrial Properties

As part of a six-property, $153 million Southern California spending spree in April and May, Rexford Industrial Realty has purchased three facilities in Inland Empire. The acquisitions were funded using a combination of cash on hand and the company’s line of credit.

The three properties in Inland Empire are a 35,000-square-foot facility on Holt Boulevard in Ontario for $14 million, a two-building, 124,000-square-foot property on Champagne Avenue in Ontario for $47 million and a 5.5-acre outdoor storage site on Banana Avenue in Fontana for $26 million.  Rexford also acquired properties in Panorama City, CA, Glendale, CA and Santa Fe Springs, CA.

“Acquired through off-market and lightly marketed transactions, these investments demonstrate the strength of Rexford Industrial’s differentiated operating platform,” said Rexford’s Howard Schwimmer and Michael Frankel in a news release. “Our team’s entrepreneurial approach enables us to continue securing assets positioned to deliver substantially greater return on investment and cash flow growth.”

Connect

Inside The Story

Rexford Industrial Realty

About Mark Nieto

  • ◦Sale/Acquisition
Money360-09-cube
Chase-08-cube
New call-to-action