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California  + Los Angeles  + Industrial  | 

Rexford Snags Still-Under-Construction Industrial Development in Simi

Rexford Industrial acquired an under-development industrial property in Simi Valley, CA from Xebec Realty and Oaktree Capital for $10.2 million. The 56,306-square-foot facility is located at 1998 Surveyor Ave. The REIT plans to put the property on the market for lease upon its expected completion in the first quarter of 2019.

Situated on 2.98 acres of land, the state-of-the-art, free-standing industrial building will feature 30-foot minimum clearances, an ESFR sprinkler system, five dock-high loading doors and one ground-level loading door, as well as 6,000 square feet of offices.

Colliers International’s John DeGrinis, Patrick DuRoss and Jeff Abraham represented both parties.

“The development presented an excellent opportunity for our buyer in a prime east Simi Valley location with major street frontage on Los Angeles Avenue, Tapo Canyon Road and Surveyor Avenue,” said DuRoss. “Finding a still-being-built, Class A industrial building like this one is a rarity in this supply constrained submarket.”

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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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