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Rexford Plans to Redevelop, Reposition and Raise Rent on Three Newest Acquisitions

Industrial REIT Emerges as Top Buyer of Warehouse-Distribution Space in Los Angeles and Orange County
Rexford Industrial is planning to reposition 508 East E St. in Wilmington, California, one of three recent property acquisitions. (CoStar)
Rexford Industrial is planning to reposition 508 East E St. in Wilmington, California, one of three recent property acquisitions. (CoStar)
By Jessica Stevenson
CoStar Research
November 27, 2019 | 8:26 P.M.

Rexford Industrial Realty, a real estate investment trust that focuses on infill warehouse and distribution markets in Southern California, recently closed on the acquisition of three properties in separate transactions. The REIT said it plans to redevelop or reposition and raise rent for each of the three acquisitions. 

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