HAWTHORNE, CA—East Coast-based REIT Chambers Street has acquired the Space Exploration Technologies Corp., known as SpaceX, headquarters property for $46.7 million. Located at 1 Rocket Road in Hawthorne, the property is a 510,000-square-foot net leased industrial facility.

SpaceX has leased the property through 2023. The company was created in 2002 and is a private commercial launch business known for designing, manufacturing and launching advanced rockets and spacecraft. This is important to note because the company’s success in the space transportation industry is, in part, what attracted Chambers Street to the property. According the Jack A. Cuneo, president and CEO of Chambers Street, this is an ever-expanding industry and Chambers Street is excited to be a part of it.

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