Rexford Industrial Acquires Industrial Property for $8.1M

Rexford Industrial Realty, Inc.

today announced the acquisition of 16321-16327 Arrow Highway, located in Irwindale, California, for $8.1 million, or approximately $126 per square foot. The acquisition was completed with cash on hand and borrowings under the Company's line of credit. "We continue to find quality assets at favorable yields within our core Southern California infill submarkets and this acquisition of a single-tenant property from a private seller at attractive pricing is representative of our ability to find value in today's market," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive