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ONTARIO, CALIF. — Rexford Industrial Realty has acquired Dupont Business Center, a 110,890-square-foot industrial complex in Ontario, for $10.2 million. The two-building facility is situated on 5.7 acres within a Foreign Trade Zone near Ontario Airport in the Inland Empire West submarket. This region boasts 250.8 million square feet of industrial space.
Dupont is fully occupied by five tenants. Rexford plans to divide the larger space over time to accommodate more tenants.
The transaction was executed by JLL’s Bo Mills, Mark Detmer, Peter McWilliams, Mike McCrary, Ruben Goodsell, Jeff Bellitti and Nicole Welch.