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REXFORD INDUSTRIAL ACQUIRES YUKON INDUSTRIAL CENTER IN HAWTHORNE, CA FOR $10.45 MILLION

Los Angeles, CA – NOVEMBER 5, 2007

Rexford Industrial, LLC, Southern California’s leading, privately held industrial real estate firm, has acquired Yukon Industrial Center, a 123,174-square-foot, multi-tenant industrial property located at 13020 Yukon Avenue in Hawthorne, CA, for $10.45 million. ANR Asset Management represented both the buyer and the seller, 13020 Yukon, LLC, in the transaction.

Yukon Industrial Center consists of two single-tenant buildings comprising 41,175 and 22,258 square feet respectively, and a 59,741-square-foot multi-tenant building, for a total building area of 123,174 square feet on 5.64 acres of land. Current tenants in the 100% occupied center include Gentle Giant Moving Company, Ryan’s Express, Seatmax and Southern California Cuisine.

The transaction is another milestone in Rexford’s aggressive acquisitions strategy for 2007. “The Yukon Industrial Center is a solid investment of attractive industrial real estate in the tight and robust South Bay submarket,” said Rexford’s Managing Member Howard Schwimmer. “It is also particularly well located, in close proximity to LAX, the I-105 and I-405 freeways, and the Ports of Long Beach and Los Angeles,” he continued. The purchase also included a highly favorable fixed-rate assumable loan.

Rexford Industrial specializes in every type of industrial property in all asset classes, from warehouse, manufacturing and R&D to flex industrial, including single and multi-tenant projects. The company invests in every category of industrial property—core, value-add, repositioning and development.

About Rexford Industrial
Rexford Industrial LLC (www.rexfordindustrial.com) is a leading industrial real estate firm in Southern California. A well-capitalized private investment company, Rexford invests in all classes and every category of industrial properties. The company combines a uniquely creative, entrepreneurial approach to value creation with a conservative, risk-averse approach to investing that is designed to perform well during all phases of the real estate cycle. Rexford offers brokers unique investment incentives and capitalizes upon an exceptional network of loyal relationships in the industry. With a current portfolio of nearly five million square feet valued at more than $600 million, Rexford is targeting substantial growth through further acquisitions of industrial property. The firm is based in Los Angeles.

 

REXFORD INDUSTRIAL FUND III CONCLUDES $22.3 MILLION SALE OF DYER INDUSTRIAL PROPERTY IN SANTA ANA, CA

Los Angeles, CA, NOVEMBER 14, 2007

Rexford Industrial, LLC, Southern California’s leading, privately held industrial real estate firm, has completed the disposition of RIF III Dyer, a 187,000-square-foot warehouse/distribution facility on 8.43 acres, located at 601 West Dyer Road in Santa Ana, California.

The property was sold for a total consideration of $22.3 million by Rexford Industrial Fund III (RIF III), established in 2005, which is the third in a series of value-add industrial real estate funds managed by Rexford Industrial. Kevin Turner, Michael Hartel and Casey Immel of Voit Commercial Brokerage represented both RIF III and the buyer, The Bloom Family Trust.

Built in 1973, RIF III Dyer was recently vacated by US Foods, Inc., and is currently 26% occupied by Logomark. The property features an upgraded fire sprinkler system, a 180-foot truck court and 15,000 square feet of renovated offices. The site is situated one mile west of Interstate 55 (at the Dyer Road exit). Dyer Road is a major commercial artery connecting to Interstate 55 (one mile east) and serves all of Santa Ana.

Rexford spent well over $2 million repairing and renovating the building to like-new condition, enhancing its value as a highly desirable multi-tenant distribution facility in the Irvine business complex submarket, regarded as the strongest submarket in Orange County. “Rexford secured Logomark’s new, 48,000-square-foot lease, and while still marketing the remaining fully renovated space, was able to negotiate the sale at a price enabling Rexford to achieve our investment goals,” said Rexford’s Co-Founder and Managing Partner Howard Schwimmer. “Rexford added significant value to this building and realized the value appreciation through the sale,” he continued.

Rexford Industrial specializes in every type of industrial property in all asset classes, from warehouse, manufacturing and R&D to flex industrial, including single and multi-tenant projects. The company invests in every category of industrial property—core, value-add, repositioning and development.

About Rexford Industrial
Rexford Industrial LLC is a leading industrial real estate firm in Southern California. With deep capitalization and streamlined processes, Rexford Industrial invests in growth opportunities in all classes and every category of industrial properties. Rexford offers brokers unique investment incentives and has built a powerful network of loyal relationships in the industry. With a current portfolio of 4.7 million square feet valued at more than $500 million, Rexford Industrial’s aggressive growth strategy is to purchase $375 million dollars of industrial properties, representing approximately three million square feet in 2007. The firm is based in Los Angeles with offices in Orange County and San Diego.

 

REXFORD INDUSTRIAL ACQUIRES FIVE-BUILDING INDUSTRIAL PORTFOLIO

$13.2 Million Acquisition Furthers Rexford’s Rapid Growth in Southern California

 

Los Angeles, Calif. – NOVEMBER 28, 2007

Rexford Industrial, LLC, Southern California’s leading, privately held industrial real estate firm, has acquired a five-property portfolio comprising 120,749 square feet of industrial buildings located throughout Southern California, valued at approximately $13.2 million. The properties were purchased by Rexford’s Industrial Fund IV (RIF IV), the fourth in a series of successful value-add industrial real estate funds managed by Rexford.

RIF IV – Harbor Warner, LLC – Located at 3720-3750 W. Warner Ave. in Santa Ana, Calif., this 38,570-square-foot, multi-tenant industrial building is comprised of 16 units and is currently 74% occupied. Tenants include Sigmatronix, Groovyhair Products, Fish Heads, Bellas Fashion and Bryan Refridgeration. This property is located at the high-identity corner of Harbor Blvd. and Warner Avenue. Rexford plans to upgrade and renovate the property to facilitate achieving higher market rents, in addition to leasing the three available units.

RIF IV – Grand, LLC – Located at 200-220 South Grand Avenue in Santa Ana, Calif., this nine-unit 27,200-square-foot multi-tenant industrial building is currently 100% occupied. Tenants include C&M Tires & Wheels, Auto Express Insurance, Rojas Printing, Vitalzon, Wheeler Sewing Machines and Just Audio. The project offers industrial showroom space, and is centrally located along a busy thoroughfare in an urban infill market. Rexford plans to reposition the project for more showroom-oriented uses.

RIF IV – Knollwood, LLC – Located at 1255 Knollwood Circle in Anaheim, Calif., this 25,162-square-foot single tenant, free-standing industrial building is currently 100% occupied by IPC Cal Flex, Inc. The building is in an excellent location with a perfectly suited tenant for the space.

RIF IV – Enfield, LLC – Located at 77-700 Enfield Lane in Palm Desert, Calif., this 21,657-square-foot multi-tenant industrial building is currently 63% occupied. Tenants include Cabernet Custom Cabinets, Rexco, Diamond Pools and Hawaiian Interiors. This building boasts moderate office build out, concrete tilt-up construction and an advantageous location. Rexford plans to divide the vacant space to meet smaller tenant demand and move rents upward to current market rates.

RIF IV – Avenida Alvarado, LLC – Located at 42363 Avenida Alvarado in Temecula, Calif., this 8,160-square-foot, two tenant industrial building is currently 50% occupied by Kustom Kountertops. Rexford plans to lease the vacant unit and move rents upward to current market rates.

Jeff Demorest of Daum Commercial Real Estate Services represented both the buyer and the seller, Clifford L. Shinn Trust, in the five-property transaction.

This latest portfolio acquisition is another big achievement in Rexford’s aggressive acquisitions strategy for 2007. “These properties represent highly sought after, high quality in-fill industrial real estate assets that are targeted by Rexford’s aggressive growth strategy throughout Southern California,” said Rexford’s Co-Founder and Managing Partner Howard Schwimmer. “We see great upside potential, particularly in the Orange County assets, to upgrade these properties to Rexford’s institutional standards and rent the value-enhanced space,” he continued.

Rexford Industrial specializes in every type of industrial property in all asset classes, from warehouse, manufacturing and R&D to flex industrial, including single and multi-tenant projects. The company invests in every category of industrial property—core, value-add, repositioning and development.

About Rexford Industrial
Rexford Industrial LLC (www.rexfordindustrial.com) is a leading industrial real estate firm in Southern California. A well-capitalized private investment company, Rexford invests in all classes and every category of industrial properties. The company combines a uniquely creative, entrepreneurial approach to value creation with a conservative, risk-averse approach to investing that is designed to perform well during all phases of the real estate cycle. Rexford offers brokers unique investment incentives and capitalizes upon an exceptional network of loyal relationships in the industry. With a current portfolio of nearly five million square feet valued at more than $600 million, Rexford is targeting substantial growth through further acquisitions of industrial property. The firm is based in Los Angeles.

 

REXFORD INDUSTRIAL ANNOUNCES COMPLETION OF SYLMAR INDUSTRIAL DEVELOPMENT

New Phase Will Offer State-of-the-Art Units for Smaller Tenants



Sylmar, CA – December 10, 2007
Rexford Industrial, LLC, Southern California’s leading, privately held industrial real estate firm, has completed the redevelopment of a multi-tenant industrial project located at 15148 Bledsoe Street & 13065-13081 Bradley Avenue in Sylmar, CA. The project’s final phase, offering two 9,500-square-foot, state-of-the art units, is now completed and ready for occupancy.

Rexford Industrial Fund II (RIF II) originally purchased the 113,477-square-foot building more than a year ago. In August 2006, Rexford completed the conversion of a vacant 40,000-square-foot portion of the building into five new industrial units ranging from 7,600 square feet to 10,247 square feet, all of which are now leased to Natural Elegance, Royal Parquet, AirGas Dry Ice, Pet Supreme and PreGel.

In January, Rexford commenced construction on the most recent phase, a 19,000-square-foot building on an adjacent parcel located at the Northeast corner of the property. The new building contains two units, both of which feature dock high loading spaces and 24’ clear warehouse space.

“This project has a distinct advantage among others in the market: it will make fully amentized, ‘class A’ industrial space available to smaller tenants with space requirements under 10,000 square feet, giving them efficiency and productivity that is comparable to that of the ‘big guys,’“ said Rexford’s Co-Founder and Managing Partner, Howard Schwimmer.

The successful repositioning of this project represents an exciting example of Rexford’s value driven investment strategy, proven over the acquisition and repositioning of approximately five million square feet of industrial product to date.

Rexford Industrial specializes in every type of industrial property in all asset classes, from warehouse, manufacturing and R&D to flex industrial, including single and multi-tenant projects. The company invests in every category of industrial property—core, value-add, repositioning and development.

 

About Rexford Industrial
Rexford Industrial LLC (www.rexfordindustrial.com) is a leading industrial real estate firm in Southern California. A well-capitalized private investment company, Rexford invests in all classes and every category of industrial properties. The company combines a uniquely creative, entrepreneurial approach to value creation with a conservative, risk-averse approach to investing that is designed to perform well during all phases of the real estate cycle. Rexford offers brokers unique investment incentives and capitalizes upon an exceptional network of loyal relationships in the industry. With a current portfolio of over five million square feet valued at more than $600 million, Rexford is targeting substantial growth through further acquisitions of industrial property. The firm is based in Los Angeles.

 

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