{"id":1004208810,"date":"2018-03-02T02:54:33","date_gmt":"2018-03-02T10:54:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004208810"},"modified":"2022-12-08T00:27:50","modified_gmt":"2022-12-08T08:27:50","slug":"rexford-picks-up-sheds-ca-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rexford-picks-up-sheds-ca-assets\/","title":{"rendered":"Rexford Picks Up, Sheds CA Assets"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004208811\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Ontario-Airport-Commerce-Center-in-Ontario-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004208811\" data-attachment-id=\"1004208811\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rexford-picks-up-sheds-ca-assets\/ontario-airport-commerce-center-in-ontario-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Ontario-Airport-Commerce-Center-in-Ontario-Calif..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Jeffrey Hamann&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1519910012&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;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Ontario Airport Commerce Center in Ontario, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Ontario Airport Commerce Center in Ontario, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Ontario-Airport-Commerce-Center-in-Ontario-Calif..jpg?w=800\" class=\"wp-image-1004208811 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Ontario-Airport-Commerce-Center-in-Ontario-Calif..jpg\" alt=\"Ontario Airport Commerce Center in Ontario, Calif.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Ontario-Airport-Commerce-Center-in-Ontario-Calif..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Ontario-Airport-Commerce-Center-in-Ontario-Calif..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Ontario-Airport-Commerce-Center-in-Ontario-Calif..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004208811\" class=\"wp-caption-text\">Ontario Airport Commerce Center in Ontario, Calif.<\/p><\/div>\n<p>Rexford Industrial Realty has acquired the 213,630-square-foot Ontario Airport Commerce Center in Ontario, Calif., for $24.1 million from MetLife. The seller purchased the property in 2007 as part of a nearly 4 million-square-foot portfolio, according to Yardi Matrix. Rexford partly financed its acquisition with proceeds from its $10.9 million disposition\u2014via a tax-deferred 1031 exchange\u2014of a two-building, 25,168-square-foot creative office asset in Glendale, Calif.<\/p>\n<p>Located at 1900 S. Proforma Ave., 1910 and 1920 Archibald Ave., the newly acquired three-building <a href=\"https:\/\/www.commercialsearch.com\/news\/rexford-nabs-11m-inland-empire-industrial-asset\/\">Inland Empire Class A industrial asset<\/a> is situated just south of Ontario International Airport and close to Highway 60. Constructed in 1989, the property features 18- to 24-foot clear heights, 10,656 square feet of office space, 16 truck well loading doors and 48 grade-level doors, per Yardi Matrix data. The property is 86 percent leased to multiple tenants, and Rexford is planning renovation work to facilitate leasing the remaining space.<\/p>\n<p>The office property in Glendale, situated at 700 Allen Ave. and 1830-1851 Flower St., is part of a larger industrial development. The one-story asset, acquired by an owner\/user, sits on a 1.1-acre parcel located two blocks from the Golden State Freeway.<\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm acquired an Inland Empire asset encompassing more than 200,000 square feet of industrial space, partially funding this by the sale of a creative office property.<\/p>\n","protected":false},"author":861,"featured_media":1004208811,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,34027,21783,1594,21742,21747,15],"tags":[33536,36351,32924,35630],"class_list":["post-1004208810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-inland-empire","category-investment","category-los-angeles","category-latest","category-office","category-west","tag-1031-exchange","tag-capital-improvement","tag-metlife","tag-rexford-industrial-realty-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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