Rexford Industrial Realty Has Expanded Its Inland Empire Holdings

Rexford Industrial Realty, Inc., recently purchased four industrial properties for a total of $82.7 million. The properties were funded with proceeds from forward equity settlements, a line of credit, cash and through operating partnership units.

“In the first quarter, Rexford Industrial completed $458 million of investments, of which over 85 percent were acquired through off-market or lightly marketed transactions,” Howard Schwimmer and Michael Frankel, co-chief executive officers of Rexford Industrial, said in a statement.

The properties include: a $24-million, 123,532 square foot, multi-tenant industrial business park located at 700-806 West 14th St. and 701-733 West Anaheim St. in Long Beach; a $15-million site at 19900 Plummer St. in Chatsworth; a $9.7-million, 27,636-square-foot Class A, single tenant building at 6245 Providence Way in Eastvale; and a $34-million, five-acre site at 13711 Freeway Drive in Santa Fe Springs.