Rexford Industrial Sells Orange County Site for $41M
The buyer plans to immediately build a new project in this supply-constrained submarket.
Western Realco has purchased a fully entitled 12.1-acre industrial site in Anaheim, Calif., from Rexford Industrial for $40.7 million. JLL represented both parties in the deal.
Western Realco reportedly will immediately begin demolition and construction at the site and intends to develop a new, 256,046-square-foot Class A industrial building there. Construction is expected to be completed in late 2027.
To rise at 600 E. Vermont Ave., Western Realco’s new facility will feature a 36-foot clear height, 39 dock-high doors, an ESFR sprinkler system, 4,000 amps of power, and a fully enclosed truck court. Its location in Anaheim’s stadium area will provide immediate freeway access.
JLL noted that it will market the new building for lease or sale and that the property will be able to “accommodate a broad range of uses including logistics, manufacturing, assembly, food processing and temperature-controlled storage, among others.”
READ ALSO: Inland Empire Saw Strong Industrial Deals in 2025
The JLL team on the deal included Senior Managing Director Zach Niles, Executive Managing Director Louis Tomaselli and Senior Managing Director Steve Wagner.
Niles added that the delivery timing looks to be auspicious, and that JLL is seeing a significant increase in activity across several industries, particularly in aerospace, defense tech, advanced and specialized manufacturing, food and beverage, as well as players supporting the AI, energy and data center sectors.
Separately, Rexford announced that the site currently has—though presumably not for much longer—a single-tenant (now vacant) office campus totaling 133,836 square feet at 600-708 E. Vermont Ave. Rexford added that this site had been in their own pipeline for imminent redevelopment, but that through the sale to Western Realco, Rexford “expects to preserve approximately $32 million of capital spend that was associated with the development.”
In a prepared statement, Jeremy Mape, principal at Western Realco, noted that the Anaheim submarket currently has “very limited inventory and growing demand across multiple (industrial) sectors.”
A bit overbuilt, perhaps just temporarily
At year-end 2025, the Orange County industrial market “remained in a state of adjustment, characterized by reduced tenant interest and rising vacancy rates due to recently completed construction,” according to a fourth-quarter report from Kidder Mathews.
The report noted that total availability, including space under construction, rose to 9.0 percent, adding, “Negative net absorption in the fourth quarter indicates a decline in occupancy, resulting in a year-to-date loss” of more than 2 million square feet.
The outlook for this year, however, looks more stable, as construction underway declines, Kidder Mathews reported.
Last July, Stockbridge Capital Group acquired a 290,920-square-foot Class A industrial asset in Buena Park, Calif., from IDI Logistics for $99.5 million.
You must be logged in to post a comment.