The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 12, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Rexford Industrial Realty Completes Purchase of 751k sf SoCal Industrial Facility

1/21/20

Rexford Industrial Realty Inc acquired Pomona Distribution Center, a 751.5k sf infill industrial building in Pomona, for $87.8 mil, or $117/sf. The multi-tenant, industrial facility, located at 1601 W. Mission Blvd, was sold by Prologis Inc.

Pomona Distribution Center is part of Prologis’ Mission-71 Business Park development. It features a gated truck court, 20’ clear height, 84 dock-high loading doors, partial ESFR sprinklers, and 4,000-amp power on a 32.2-acre site. The rectangular-shaped building offers access on three sides and dock-high loading positions on all four sides.

The property sits on the border of Los Angeles and San Bernardino County, with immediate access to the SR-71 Freeway and immediate connections to Interstate 10 and the 57 Freeway. Pomona Distribution Center is 100% leased to Lumber Liquidators, the largest specialty retailer of hardwood flooring in the country, and HD Supply, one of the largest industrial distributors in North America.

Jeff Chiate, Jeffrey Cole, Mike Adey, and Ed Hernandez from Cushman & Wakefield’s National Industrial Advisory Group (IAG) represented Prologis in the transaction, with Phil Lombardo and Ty Newland from the firm serving as market advisors. As of third quarter 2019, market fundamentals remain strong in the San Gabriel Valley and the Inland Empire West markets with vacancy rates of 1.4% and 2.6%, respectively, according to Cushman & Wakefield Research.







Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media