{"id":1004021032,"date":"2010-06-21T06:58:07","date_gmt":"2010-06-21T14:58:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004021032"},"modified":"2022-12-06T17:03:02","modified_gmt":"2022-12-07T01:03:02","slug":"rexford-leases-more-than-120000-sf-in-southern-california","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rexford-leases-more-than-120000-sf-in-southern-california\/","title":{"rendered":"Rexford Leases More Than 120,000 SF in Southern California"},"content":{"rendered":"<p>June 21, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004021033\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/Wonderlane.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004021033\" data-attachment-id=\"1004021033\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rexford-leases-more-than-120000-sf-in-southern-california\/wonderlane\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/Wonderlane.jpg\" data-orig-size=\"500,333\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Wonderlane\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user Wonderlane&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/Wonderlane.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/Wonderlane.jpg\" alt=\"\" title=\"Wonderlane\" width=\"300\" height=\"199\" class=\"size-medium wp-image-1004021033\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/Wonderlane.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/Wonderlane.jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004021033\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user Wonderlane<\/p><\/div>\n<p>Los Angeles-based industrial real estate investment firm Rexford Industrial, L.L.C. has inked twelve leases adding more than 120,000 square feet to its Southern California portfolio. The total amount of space is worth $5 million.<\/p>\n<p>According to Rexford managing partner Michael Frankel, the company has leased more than 508,000 square feet ot date and 1.56 million square feet throughout the past 18 months. He said 53 percent of the leasing activity involves new tenants, while 47 percent represents existing tenant renewals.<\/p>\n<p>Some of the larger leases include Peermusic III Ltd.\u2019s 1-year lease for 10,952 square feet in Burbank; Santos Research Laboratories\u2019 39-month lease for 7,204 square feet in Carlsbad; Flexsteel Industries\u2019 15-month lease for 33,258 square feet in Riverside; and Sumdex Inc.\u2019s 39-month lease for 11,757 square feet in Industry.<\/p>\n<p> \u201cAlthough rental rates are generally down compared to two or three years ago, Rexford continues to position the portfolio to maximize cash flow through the trough of the downturn, with the option to roll rents and increase cash flows as the economy recovers,\u201d Rexford cofounder and senior managing partner Howard Schwimmer said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Rexford managing partner Michael Frankel, the company has leased more than 508,000 square feet ot date and 1.56 million square feet throughout the past 18 months. He said 53 percent of the leasing activity involves new tenants, while 47 percent represents existing tenant renewals.<\/p>\n","protected":false},"author":936,"featured_media":1004021033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21742],"tags":[],"class_list":["post-1004021032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rexford Leases More Than 120,000 SF in Southern California - Commercial Property Executive<\/title>\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\/news\/rexford-leases-more-than-120000-sf-in-southern-california\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rexford Leases More Than 120,000 SF in Southern California\" \/>\n<meta property=\"og:description\" content=\"According to Rexford managing partner Michael Frankel, the company has leased more than 508,000 square feet ot date and 1.56 million square feet throughout the past 18 months. He said 53 percent of the leasing activity involves new tenants, while 47 percent represents existing tenant renewals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rexford-leases-more-than-120000-sf-in-southern-california\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-06-21T14:58:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T01:03:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/06\/Wonderlane.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rexford-leases-more-than-120000-sf-in-southern-california\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rexford-leases-more-than-120000-sf-in-southern-california\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Rexford Leases More Than 120,000 SF in Southern California\",\"datePublished\":\"2010-06-21T14:58:07+00:00\",\"dateModified\":\"2022-12-07T01:03:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rexford-leases-more-than-120000-sf-in-southern-california\\\/\"},\"wordCount\":205,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rexford-leases-more-than-120000-sf-in-southern-california\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/06\\\/Wonderlane.jpg\",\"articleSection\":[\"Industrial\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rexford-leases-more-than-120000-sf-in-southern-california\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rexford-leases-more-than-120000-sf-in-southern-california\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rexford-leases-more-than-120000-sf-in-southern-california\\\/\",\"name\":\"Rexford Leases More Than 120,000 SF in Southern California - 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