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Article: Industrial deal.(REAL STATE)(Brief article)
- Article from:
- Los Angeles Business Journal
- Article date:
- November 5, 2007
- Author:
CopyrightCOPYRIGHT 2007 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Rexford Industrial LLC, a Los Angeles-based industrial real estate firm, has bought an industrial center in Hawthorne for $10.5 million. The deal with seller 13020 Yukon LLC closed Sept. 28.
The Yukon Industrial Center at 13020 Yukon Ave. is a 123,174-square-foot, multi-tenant facility. The property includes three buildings on nearly six acres.
The property is 100 percent leased. Tenants include Gentle Giant Moving Co. Inc. and Transportation company Ryan's Express, which sold its interest in the property to Rexford.
Howard Schwimmer, managing partner at Rexford, said the property had under-market rents and there is an opportunity to raise ...