Rexford Industrialhas acquired a 276,585-square-foot, fully occupied, multi-tenantindustrial building in Garden Grove for $34 million. The propertyis located at 12752 to 12822 Monarch Street in Garden Grove,CA.

Built in 1971 with an additional section added in 1980, theproperty is situated on just over 11 acres and features clearheights of 18 and 22 feet, 346 parking spaces, 14 dock-high spaces,and 11 ground-level doors.

NKF's co-head of U.S. Capital MarketsKevin Shannon, senior managing directorScott Schumacher, and executive managing directorsKen White, Jeff Read andBret Hardy represented the seller, PenwoodReal Estate and Western Realco. RexfordIndustrial was self-represented.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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