Rexford Acquires Properties for $69.6 million

S.Cal based Rexford Industrial Realty Inc. acquired 4 industrial properties totaling $69.6 million.  This included a single-tenant 143.4k sq.ft. industrial building located on 6.79 acres in Inglewood in the West L.A./South Bay submarket (leased to Federal Express Corp.) for $53.9 million, or $376 per sq.ft. The company also sold two properties totaling $30.6 million. Year to date, Rexford has completed approximately $96.2 million of dispositions with all the proceeds used to fund acquisitions.