The Los Angeles-based investor and developer expects to obtain entitlements for the $3.5 million project within six or seven months, Rexford principal Rick Martinez tells GlobeSt.com. He says the company will convert an existing 147,000-sf building to multi-tenant use and will construct a new, 92,000-sf warehouse. Rexford has leased 50% of the existing building to publicly held Emcore Inc., which will be assembling solar panels at the facility, Martinez says.
Rexford bought the property through the bankruptcy of Emcore's predecessor company, Tecstar Power Systems Inc., which manufactured and assembled solar panels at the Don Julian Road facility.
Rexford Industrial invests in value-added single-tenant and multi-tenant industrial properties in Southern California, focusing on class B and C buildings.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
