Rexford Industrial Realty has acquired a four-building industrial portfolio in Southern California for $129.4 million.
“Acquisitions year-to-date have surpassed $1 billion, and Rexford’s irreplaceable, superior-quality infill Southern California portfolio now exceeds 30 million square feet,” stated Howard Schwimmer and Michael Frankel, co-CEOs of the firm. ”The acquisition of this class A industrial portfolio adds state-of-the-art, high-quality industrial assets, ideally suited for logistics and ecommerce uses in the highly coveted Inland Empire West submarket. Rexford’s differentiated strategy and proprietary access to the nation’s strongest industrial market enable us to scale our business through accretive investments. Our robust internal and external growth fueled by our fortress-like balance sheet positions Rexford to generate superior shareholder returns.”
The company acquired a portfolio of four single-tenant industrial properties totaling 632,497
