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California  + Inland Empire  + Industrial  | 
Alterra IOS Pays $17M for Rialto Outdoor Storage Facility

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.”


Inside The Story

Rexford Industrial Realty

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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