Rexford Acquires Two SoCal Industrial Properties for $30M
Rexford Industrial Realty, Inc. bought two industrial properties in SoCal for a combined $30.3 million. The acquisitions were funded using cash on hand.
Rexford’s Howard Schwimmer says, “Acquired through off-market transactions by leveraging our extensive local relationships and proprietary research, both of these properties are fully leased, providing immediate cash flow as well as longer term value-add opportunities to increase cash flow.”
In a sale-leaseback transaction, the REIT acquired 15835 Oxnard St., a 71,467-square-foot single tenant industrial property in the San Fernando Valley for $16.8 million (pictured). The asset is positioned within the high-demand Van Nuys submarket, featuring a 24-foot clear-height building with a thousand feet of freeway frontage along the I-405, and substantive excess paved land.
Rexford also acquired 19100 South Susana Rd. in Rancho Dominguez in an off-market transaction for $13.5 million. The low-coverage property contains 52,630 square feet on 4.01 acres, and is fully leased to a regional logistics operator.
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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