Rexford acquires 9-building industrial portfolio

|About: Rexford Industrial Realty (REXR)|By:, SA News Editor

The portfolio has a total of 817K square feet and was purchased by Rexford Industrial (REXR) for $88.5M, or about $108 per square foot.

The properties are currently 87% occupied - 8 are 96% leased, the other 40% - so Rexford sees the possibility of immediate value-add.