CHAMBERS STREET BUYS HAWTHORNE INDUSTRIAL BUILDING FOR $46.7M

HAWTHORNE, CALIF. — Chambers Street Properties has acquired a 510,000-square-foot industrial property in Hawthorne for $46.7 million. The property is located at 1 Rocket Road. It sits adjacent to the 105 freeway.

The property serves as the headquarters for Space Exploration Technologies Corp. Also known as SpaceX, the company designs, manufactures and launches advanced rockets and spacecraft. SpaceX’s net lease extends through January 2023.