Douglas Kiersey Jr. & Matt Mexia Of Dermody Properties Acquire Office From Laura Clark Of Rexford Industrial

The property asset involved in this transaction is located at 18455 Figueroa Street in Los Angeles, CA. It encompasses an office space totaling 180,705 square feet. The buyer of this asset is Dermody Properties, represented by Douglas Kiersey Jr. and Matt Mexia, while the seller is Laura Clark from Rexford Industrial. The sale involves the former Faraday Future headquarters, which will be redeveloped into LogistiCenter at 110, catering to the demand for logistics facilities in the South Bay submarket.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Address: 18455 Figueroa Street
• Market: Los Angeles, CA
• Buyer: Douglas Kiersey Jr. & Matt Mexia - Dermody Properties
• Seller: Laura Clark - Rexford Industrial
• Asset Size: 180,705 square feet

This transaction highlights key players in the industry, including Douglas Kiersey Jr. and Matt Mexia from Dermody Properties who are spearheading the redevelopment project, along with Laura Clark of Rexford Industrial who has transitioned the asset to a new ownership aimed at fulfilling logistics demands in the area.