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


California  + Los Angeles  + Industrial  | 

Rexford Claims Commerce Industrial for $21M

Los Angeles-based Rexford Industrial Realty, Inc. acquired an industrial building in Commerce for $21 million. The 120,000 square-foot space is currently fully-leased to Color Image Apparel, Inc. The entrenched apparel manufacturing tenant is in at a rent estimated to be 40% below market with a near-term lease expiration.

Located at 6687 Flotilla St., the divisible, single-tenant industrial building sits on a 5.1-acre lot. The property features high-image office, 20- to 24-foot clear heights, extensive dock-high loading and a large secured yard.

CBRE’s Jeff Stephens, Jack Mergenthaler and Evan Crawford represented the unnamed private seller. The buyer was self-represented. The acquisition was funded using cash on hand.

Stephens says, “This is a very well-maintained and functional industrial building located in the highly sought-after Central Los Angeles industrial market. The buyer recognized the opportunity to acquire such a quality asset in an area that has one of the tightest vacancy rates of any market in the nation.”

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect With Rexford IndustrialConnect With CBRE’s Stephens

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.