May
29
Rexford Acquires, Sells Industrial Properties in CA
ByThe company bought Safari Business Center in Ontario for $141.2 million and sold a two-building property at 2535 Midway Drive in San Diego.
Rexford Industrial Realty Inc. acquired Safari Business Center in Ontario, Calif., for $141.2 million and completed the disposition of an industrial property in San Diego for $40.1 million.
The 52.2-acre Safari Business Center comprises 16 buildings totaling roughly 1.1 million square feet. The campus is currently 97 percent leased to 75 tenants, with spaces ranging from 7,000 to 36,000 square feet. Features include dock-high loading, 171 parking spaces, sky lights, low-finish floor plans and showrooms. The property is adjacent to the Ontario Airport within the Inland Empire West submarket…
