VERNON, CALIF. — Gautier Land Co. has completed the disposition an industrial portfolio located in the Los Angeles County submarket of Vernon. The six buildings offer a total of 464,415 square feet of industrial space. Rexford Industrial Realty acquired the asset for $93.8 million. The buildings are fully leased to a variety of tenants and feature 20-foot to 30-foot clear heights and extensive...
OverallSouthern California’s Industrial sector has been one of the top industrial submarkets for commercial assets. Momentum of the industrial market is due to the increased demand in e-commerce, manufacturing and warehousing to store inventory. As we have seen many changes in various industries due to COVID-19, the industrial sector has continued to retain high occupancy and demand during these...
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