LOS ANGELES—Rexford Industrial, a public industrial-focused REIT, has made its first two purchases of the year, continuing its ongoing portfolio expansion in the Southern California market. Located in Santa Fe Springs and San Diego, the two properties purchased total 213,581 square feet and cost a combined $30.6 million.

“With these two acquisitions, Rexford Industrial continues its successful acquisition efforts into 2015, and further demonstrates our ability to source and close high-quality, on and off-market properties within our core-infill Southern California markets,” according to Howard Schwimmer and Michael Frankel, co-CEOs of Rexford Industrial. The two were unavailable for further comment.

The Santa Fe Springs property is a 101,000-square-foot facility on 4.21 acres of land. The property is 100% occupied through 2019 to a single net-lease tenant. The property features 17 dock-high loading positions, ESFR sprinklers and 30-foot clear heights. Rexford purchased the property for $12.2 million, or $121 per square foot, and assumed a $5.4 million loan as part of the transaction agreement. This purchase was part of a three-property portfolio. Rexford purchased the first two properties in December 2014.

Located at 8902-8940 Activity Road, the San Diego property is a five-building, multi-tenant property on 10.02 acres. The buildings range in size from 900 to 20,000 square feet, totaling 112,500 square feet, and are 92.2% occupied. Rexford plans to lease the remaining space at market rents after performing upgrades to the units. It purchased the property for $18.4 million or $164 per square foot.

Rexford Industrial has been busy building an extensive Southern California portfolio. In December 2014 alone, it purchaseda two-property portfolio in Ventura County for $38.7 million and two properties in Los Angeles County for $30.8 million.