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California  + Los Angeles  + Industrial  | 

Rexford Industrial Acquires Pair of Industrial Properties for $40M

Los Angeles-based Rexford Industrial Realty, Inc. acquired two industrial properties, one in San Diego and another in Carson, CA, for $40.3 million. The acquisitions were funded using available cash on hand.

The REIT acquired 6131 and 6133 Innovation Way in Carlsbad (pictured) for $24.2 million or $211-per-square-foot. The 72%-occupied property consists of two newly-built, separately-parceled buildings each with two tenant spaces, together containing 114,572 square feet on 8.28 acres. The assets are a value-add opportunity via lease-up with highly-functional space featuring 30-foot to 32-foot clear heights, dock-high loading and a 200-foot truck court.

Also acquired in a sale-leaseback transaction was 263-321 East Gardena Blvd. in Carson for $16.1 million or $68-per-land-square-foot. The single-tenant property comprises 55,238 square feet of buildings on 5.41 acres, and includes excess land for container storage. Upon closing of the transaction, the current occupant, a national trucking operator, signed a new five-year lease.

Voit’s Chuck and Eric McNary represented both parties in the deal.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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