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Rexford Industrial Acquires 10 Southern California Business Parks

Uses UPREIT Transaction to Partially Fund $203.2 Million Deal Adding 868,000-SF to its Infill Warehouse Portfolio

The Van Ness Commerce Center in Hawthorne, California, one of 25 buildings included in the Southern California portfolio Rexford Industrial Realty acquired from the Ruby Group Cos. (CoStar)
The Van Ness Commerce Center in Hawthorne, California, one of 25 buildings included in the Southern California portfolio Rexford Industrial Realty acquired from the Ruby Group Cos. (CoStar)

Rexford Industrial Realty continues to expand its Southern California portfolio with the addition of 10 business parks from developer Ken Ruby for a price of $203.2 million, including assumed debt.

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