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BURBANK, CA-Los Angeles-based Rexford Industrial has acquiredthe 42,500-sf former Martino's Wholesale Bakery and plans toconvert the building into creative office and production space.Rexford acquired the property, which is at 901 W. Alameda Ave.,from Captions Inc. for $9.3 million.

Rexford intends to modernize and upgrade the industrial officeand warehouse building, which was constructed in 1969 and isoccupied by the seller, which is a film caption editing company.The Rexford entity that acquired the property was RIF IV–BurbankLLC, which bought it for Rexford's Industrial Fund IV (RIF IV).

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