REBusinessOnline

Rexford Buys Southern California-based Industrial Portfolio for $191M

LOS ANGELES — Rexford Industrial Realty has purchased a nine-property industrial portfolio based in a variety of Southern California infill markets for $191 million.

The portfolio contains more than 1.5 million square feet of space. The properties are situated throughout Orange County, Inland Empire West, central San Diego and the Los Angeles-San Gabriel Valley markets. The portfolio is fully leased to 12 tenants.

Rexford funded the acquisition with proceeds from its recent public equity issuance and the exercise of a $100 million accordion on its $125.0 million unsecured term loan. The acquisition increased Rexford’s owned square footage by more than 12 percent.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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