Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 19475 Gramercy Place, located in Torrance, California for $11.31 million on February 2, 2022. The 47,712 square foot building is acquired for $237 per square foot. In related transactions, Rexford Industrial Realty, Inc. acquired four industrial properties in the month of January and February 2022. The aggregate purchase price of the five properties is $170 million. The acquisition is funded using a combination of cash on hand and 1031 disposition proceeds.

Rexford Industrial Realty, Inc. (NYSE:REXR) completed the acquisition of 19475 Gramercy Place, located in Torrance, California on February 2, 2022.