(Read more on the industrial market.)
SANTA ANA, CA-Rexford Industrial LLC's recent sale of a187,000-sf industrial building for $22.3 million signals thecompletion of a renovation and repositioning program that began inearly 2006 when the firm acquired the property. The warehouse anddistribution facility is situated on more than 8.4 acres at 601 W.Dyer Rd.
The property was sold by Rexford Industrial Fund III, which theL.A.-based firm established in 2005 as the third in a series ofvalue-add industrial real estate funds managed by RexfordIndustrial. Rexford sold the property to another L.A.-basedinvestor, the Bloom Family Trust.
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