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Kearny Mesa Business Park Changes Hands

SAN DIEGO—Rexford Industrial Realty has broadened its holdings to include 36 properties worth nearly $400 million.

By David Phillips | Updated on January 06, 2015

SAN DIEGO—Rexford Industrial Realty Inc., an industrial REIT focused on Southern California infill markets, has acquired a 13-building industrial portfolio in San Diego, California, for $32.3 million, or approximately $172 per square foot.

The acquisition was funded utilizing the company’s credit facility. This acquisition brings Rexford Industrial’s 2014 acquisition volume to 3,738,000 square feet, comprised of 36 industrial properties located in infill Southern California for an aggregate cost approaching $400 million.

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