REXFORD INDUSTRIAL ANNOUNCES COMPLETION OF SYLMAR INDUSTRIAL DEVELOPMENT

Sylmar, CA – December 10, 2007
Rexford Industrial, LLC, Southern California’s leading, privately held industrial real estate firm, has completed the redevelopment of a multi-tenant industrial project located at 15148 Bledsoe Street & 13065-13081 Bradley Avenue in Sylmar, CA. The project’s final phase, offering two 9,500-square-foot, state-of-the art units, is now completed and ready for occupancy.

Rexford Industrial Fund II (RIF II) originally purchased the 113,477-square-foot building more than a year ago. In August 2006, Rexford completed the conversion of a vacant 40,000-square-foot portion of the building into five new industrial units ranging from 7,600 square feet to 10,247 square feet, all of which are now leased to Natural Elegance, Royal Parquet, AirGas Dry Ice, Pet Supreme and PreGel.

In January, Rexford commenced construction on the most recent phase, a 19,000-square-foot building on an adjacent parcel located at the Northeast corner of the property. The new building contains two units, both of which feature dock high loading spaces and 24’ clear warehouse space.

“This project has a distinct advantage among others in the market: it will make fully amentized, ‘class A’ industrial space available to smaller tenants with space requirements under 10,000 square feet, giving them efficiency and productivity that is comparable to that of the ‘big guys,’“ said Rexford’s Co-Founder and Managing Partner, Howard Schwimmer.

The successful repositioning of this project represents an exciting example of Rexford’s value driven investment strategy, proven over the acquisition and repositioning of approximately five million square feet of industrial product to date.

Rexford Industrial specializes in every type of industrial property in all asset classes, from warehouse, manufacturing and R&D to flex industrial, including single and multi-tenant projects. The company invests in every category of industrial property—core, value-add, repositioning and development.

About Rexford Industrial
Rexford Industrial LLC (www.rexfordindustrial.com) is a leading industrial real estate firm in Southern California. A well-capitalized private investment company, Rexford invests in all classes and every category of industrial properties. The company combines a uniquely creative, entrepreneurial approach to value creation with a conservative, risk-averse approach to investing that is designed to perform well during all phases of the real estate cycle. Rexford offers brokers unique investment incentives and capitalizes upon an exceptional network of loyal relationships in the industry. With a current portfolio of over five million square feet valued at more than $600 million, Rexford is targeting substantial growth through further acquisitions of industrial property. The firm is based in Los Angeles.