{"id":3858,"date":"2025-01-09T09:34:22","date_gmt":"2025-01-09T09:34:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=3858"},"modified":"2025-11-12T09:54:45","modified_gmt":"2025-11-12T09:54:45","slug":"rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/","title":{"rendered":"Rexford Industrial Wraps Big Sales Year With Late Acquisition"},"content":{"rendered":"

Rexford Industrial Realty \u2014 one of southern California\u2019s most active industrial property buyers \u2014 capped off 2024 with a $137.4 million purchase of a 300,000-square-foot warehouse at 2501 W. Rosecrans Ave. in Compton, Calif. The acquisition price of $457 per square foot significantly exceeded Los Angeles\u2019 year-to-date market average of $290 per square foot, according to data from Yardi Research Data.<\/a><\/p>\n

Built in 1987, the property is fully leased to logistics company Forward Air, which signed a 10-year lease for the entire space in April 2024. The seller, JPMorgan Chase & Co., maintains a substantial stake in Rexford: As of Q3 2024, it held roughly 26.9% of the REIT\u2019s shares \u2014 valued at approximately $226.6 million.<\/p>\n

\"2501<\/p>\n

2501 West Rosecrans Ave. Compton, Calif.\u00a0<\/span><\/em><\/p>\n

Based in Los Angeles, Rexford specializes in infill industrial properties across southern California. The REIT had an active year that was highlighted by a $1 billion portfolio acquisition in March, which included 48 properties totaling 3 million square feet of industrial space from Blackstone. The deal averaged $332 per square foot with a reported occupancy rate of 98%.<\/p>\n

Then, in October, Rexford acquired a 278,650-square-foot industrial facility at 13201 Dahlia St. in Fontana, Calif., for $70.1 million. The property was sold by AXA Real Estate, per CommercialEdge. Rexford\u2019s portfolio now spans 424 properties and approximately 50.5 million square feet, exclusively within southern California.<\/p>\n

LA Sees $2.5B in Industrial Sales Through November<\/h2>\n

Despite economic headwinds, southern California\u2019s industrial markets \u2014 including Los Angeles \u2014 remained active in 2024, although signs of a slowdown materialized. For example, in-place rent growth slowed from 11% in July to 8.1% by November, placing Los Angeles eighth among major U.S. industrial markets for rent increases.<\/p>\n

Meanwhile, the current wildfires in southern California have already seen commercial property losses in Los Angeles, with the full extent of the damage to industrial infrastructure yet to be determined as containment efforts are still underway.<\/p>\n

On the sales front, Los Angeles\u2019 average industrial property prices reached $290 per square foot through November, trailing only Orange County ($314 per square foot) and the Bay Area ($460 per square foot). As evidenced by Rexford\u2019s recent acquisitions, transaction activity also demonstrated resilience: Los Angeles recorded $2.5 billion in sales through November \u2013 the second-highest in the county \u2013 just behind the Bay Area, which exceeded $3 billion.<\/p>\n

For more information and a complete breakdown of the data, check out CommercialEdge\u2019s original industrial report<\/a>.<\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t
Industrial properties in Dallas<\/a><\/td>Industrial properties in Columbus<\/a><\/td>Industrial properties in Nashville<\/a><\/td>\n<\/tr>\n
Industrial properties in Phoenix<\/a><\/td>Industrial properties in Denver<\/a><\/td>Industrial properties in Baltimore City<\/a><\/td>\n<\/tr>\n
Industrial properties in Chicago<\/a><\/td>Industrial properties in Seattle<\/a><\/td>Industrial properties in Los Angeles<\/a><\/td>\n<\/tr>\n
Industrial properties in Houston<\/a><\/td>Industrial properties in Atlanta<\/a><\/td>Industrial properties in Cleveland<\/a><\/td>\n<\/tr>\n
Industrial properties in Philadelphia<\/a><\/td>Industrial properties in Cincinnati<\/a><\/td>Industrial properties in Portland<\/a><\/td>\n<\/tr>\n
Industrial properties in Indianapolis<\/a><\/td>Industrial properties in Boston<\/a><\/td>Industrial properties in Charlotte<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

Rexford Industrial Realty \u2014 one of southern California\u2019s most active industrial property buyers \u2014 capped off 2024 with a $137.4 million purchase of a 300,000-square-foot warehouse at 2501 W. Rosecrans Ave. in Compton, Calif. The acquisition price of $457 per square foot significantly exceeded Los Angeles\u2019 year-to-date market average of $290 per square foot, according to data from Yardi Research Data. Built in 1987, the property is fully leased to logistics company Forward Air, which signed a 10-year lease for the entire space in April 2024. The seller, JPMorgan Chase & Co., maintains a substantial stake in Rexford: As of…<\/p>\n","protected":false},"author":3163,"featured_media":1298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial-real-estate-reports"],"acf":[],"yoast_head":"\nRexford Industrial Realty Caps 2024 with $137M Warehouse Purchase in Compton<\/title>\n<meta name=\"description\" content=\"Rexford Industrial Realty ended 2024 with a $137.4M acquisition of a 300,000-square-foot warehouse in Compton, Calif.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rexford Industrial Realty Caps 2024 with $137M Warehouse Purchase in Compton\" \/>\n<meta property=\"og:description\" content=\"Rexford Industrial Realty ended 2024 with a $137.4M acquisition of a 300,000-square-foot warehouse in Compton, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialSearch\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-09T09:34:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-12T09:54:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/02\/industrial-real-estate-for-sale.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"738\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matthew Preston\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matthew Preston\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/\",\"name\":\"Rexford Industrial Realty Caps 2024 with $137M Warehouse Purchase in Compton\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/02\/industrial-real-estate-for-sale.jpg\",\"datePublished\":\"2025-01-09T09:34:22+00:00\",\"dateModified\":\"2025-11-12T09:54:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80\"},\"description\":\"Rexford Industrial Realty ended 2024 with a $137.4M acquisition of a 300,000-square-foot warehouse in Compton, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/02\/industrial-real-estate-for-sale.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/02\/industrial-real-estate-for-sale.jpg\",\"width\":1200,\"height\":738,\"caption\":\"warehouse\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rexford Industrial Wraps Big Sales Year With Late Acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/\",\"name\":\"CommercialSearch\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80\",\"name\":\"Matthew Preston\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g\",\"caption\":\"Matthew Preston\"},\"description\":\"Matthew has covered commercial real estate for CommercialCafe since 2022. He focuses on the office and industrial sectors, reporting on leasing, development, and investment across national markets and individual submarkets. His work draws on data and original research. He also writes about demographic shifts and urban innovation in U.S. cities. The New York Times, The Real Deal, Bisnow, The Business Journals, and Yahoo Finance have cited his reporting.\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/author\/matthew-preston\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rexford Industrial Realty Caps 2024 with $137M Warehouse Purchase in Compton","description":"Rexford Industrial Realty ended 2024 with a $137.4M acquisition of a 300,000-square-foot warehouse in Compton, Calif.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/","og_locale":"en_US","og_type":"article","og_title":"Rexford Industrial Realty Caps 2024 with $137M Warehouse Purchase in Compton","og_description":"Rexford Industrial Realty ended 2024 with a $137.4M acquisition of a 300,000-square-foot warehouse in Compton, Calif.","og_url":"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/","og_site_name":"CommercialSearch","article_published_time":"2025-01-09T09:34:22+00:00","article_modified_time":"2025-11-12T09:54:45+00:00","og_image":[{"width":1200,"height":738,"url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/02\/industrial-real-estate-for-sale.jpg","type":"image\/jpeg"}],"author":"Matthew Preston","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Matthew Preston","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/","url":"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/","name":"Rexford Industrial Realty Caps 2024 with $137M Warehouse Purchase in Compton","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/02\/industrial-real-estate-for-sale.jpg","datePublished":"2025-01-09T09:34:22+00:00","dateModified":"2025-11-12T09:54:45+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80"},"description":"Rexford Industrial Realty ended 2024 with a $137.4M acquisition of a 300,000-square-foot warehouse in Compton, Calif.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/02\/industrial-real-estate-for-sale.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/02\/industrial-real-estate-for-sale.jpg","width":1200,"height":738,"caption":"warehouse"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/blog\/rexford-industrial-realty-wraps-big-sales-year-with-late-acquisition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Rexford Industrial Wraps Big Sales Year With Late Acquisition"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/blog\/#website","url":"https:\/\/www.commercialsearch.com\/blog\/","name":"CommercialSearch","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/44a8a1fa2b4207afba1c2bb0ef1e2d80","name":"Matthew Preston","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6a6960d93eec870b7a4ba3e017196ffd2493e00eae6d176dceb85ed1d0847184?s=96&d=mm&r=g","caption":"Matthew Preston"},"description":"Matthew has covered commercial real estate for CommercialCafe since 2022. He focuses on the office and industrial sectors, reporting on leasing, development, and investment across national markets and individual submarkets. His work draws on data and original research. He also writes about demographic shifts and urban innovation in U.S. cities. The New York Times, The Real Deal, Bisnow, The Business Journals, and Yahoo Finance have cited his reporting.","url":"https:\/\/www.commercialsearch.com\/blog\/author\/matthew-preston\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2023\/02\/industrial-real-estate-for-sale.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/3858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/users\/3163"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/comments?post=3858"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/3858\/revisions"}],"predecessor-version":[{"id":5944,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/3858\/revisions\/5944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media\/1298"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media?parent=3858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/categories?post=3858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/tags?post=3858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}