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HFF Closes Transaction of Almost 350,000 Square Feet of Industrial Properties Space in Los Angeles

Tuesday, February 10, 2015

HFF recently closed the $28.859 million sale of a three-building light industrial warehouse portfolio totaling 343,413 square feet near Los Angeles, California. Industrial Warehouse Portfolio Los Angeles

The 100 percent leased portfolio located in the Inland Empire West submarket consists of 10509 Business Drive and 13231 Slover Avenue in Fontana, a city east of Los Angeles, and 12907 Imperial Highway in Santa Fe Springs, a city southeast of Los Angeles. HFF marketed the property on behalf of the seller, KFG Investment Company. Rexford Industrial, LLC purchased the assets.


Industrial Properties Details

Located half a mile apart, the Fontana properties are near major transportation arteries, including Interstates 10 and 15 and the Pomona Freeway (Highway 60), and are approximately 65 miles from the Ports of Los Angeles and Long Beach and five miles from Los Angeles Ontario Airport. The Santa Fe Springs property is three blocks from the Santa Ana Freeway (Interstate 5), has easy access to Interstates 605 and 105, and less than 23 miles from the Ports of Long Beach and Los Angeles and Los Angeles International Airport

  • Business Drive: 6.87 acres, 130,788 square feet, 21 dock high loading doors, 24’ clear height
  • Slover Avenue: 5.3 acres, 109,463 square feet, 16 dock high doors, 24’ clear height
  • Santa Fe Springs: 101,080 square feet, 17 dock high loading doors, 30’ clear height

The HFF investment sales team representing the seller was led by managing director Ryan Martin and senior managing director Anthony Brent.

HFF Los Angeles is an acclaimed commercial real estate broker working throughout Southern California and the West Coast. The Los Angeles team is consistently ranked among the top brokerage firms by major publications, including the No. 3 Top Office Broker as deemed by Real Estate Alert. HFF LA and the nearby Orange County office are active members of the community by volunteering with the ULI, NAIOP, ICSC and the USC Lusk Center.

About KFG Investment Company and Rexford Industrial

KFG Investment Company is a privately owned real estate investment company that is focused on the acquisition and repositioning of industrial and multifamily properties and the ownership and entitlement of residential land and residential master-planned communities.

Rexford Industrial is a real estate investment trust focused on owning and operating industrial and warehouse properties in Southern California infill markets. The company owns interests in 98 properties with approximately 10.1 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.





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