Rexford Industrial Realty Acquires Anaheim And South El Monte Industrial Sites For $69.5M

Rexford Industrial Realty has purchased two industrial sites in Anaheim and South El Monte for a total of $69.5 million. The Anaheim property, acquired from L3Harris for $57 million, will be redeveloped into a 264,000-square-foot building. The South El Monte site, spanning 5 acres, will host a new 102,000-square-foot warehouse.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $69,500,000
• Address: 600 East Vermont Avenue, Anaheim & 11234 Rush Street, South El Monte
• Market: Anaheim & South El Monte
• Acres: 17

Howard Schwimmer and Michael Frankel, representing Rexford Industrial Realty, facilitated the purchase. The sellers involved in the transaction were L3Harris and Foster Poultry Farms.