Rexford Industrial has acquired a multi-tenant industrial building in Torrance for $75 million from Z/A Torrance Associates. Located at 4240 W. 190th Street in the South Bay, the 307,487-square-foot property is fully occupied by two tenants.

Rexford purchased the property as a redevelopment play to capitalize on the strong South Bay location, which is proximate to the ports. Until the property is available for redevelopment—there are nearly 4 years remaining on the lease term—it offers strong cash flow. Newmark executive managing director Bret Hardy, called the investment a “remarkable” opportunity. Hardy represented the seller in the transaction along with executive managing directors Jim Linn, Andrew Briner and Scott Schumacher and co-head of U.S. capital markets Kevin Shannon.

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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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