Greenberg Glusker Advises Rexford Industrial Realty in $203 Million Acquisition of Ten-Building Industrial Portfolio
March 6, 2020 – Press ReleaseGreenberg Glusker advised Rexford Industrial Realty in its $203.2M acquisition of a ten-building industrial property portfolio in their prime infill Southern California market. The portfolio includes three single-tenant and seven multi-tenant industrial properties totaling 867,242 square feet on 43.06 acres of land. The deal was announced on March 5 in a press release issued by Rexford Industrial.
The Greenberg Glusker team representing Rexford Industrial was led by Ken Fields, who handled the purchase and sale agreement and all ancillary documents/aspects of the real estate side of the deal. Attorneys Patricia Hong, Amy Rice, and Sarkis Haroutunian were an integral part of the team. Greenberg Glusker also worked alongside other firms that handled the UPREIT and related loan assumptions.Rexford Industrial is a highly active Real Estate Investment Trust focused on creating value by investing in and operating industrial properties in Southern California infill markets.
Fields has advised Rexford Industrial Realty on its real estate and other matters since the formation of its predecessor company in 2001.