REXFORD INDUSTRIAL ACQUIRES YUKON INDUSTRIAL CENTER IN HAWTHORNE, CA FOR $10.45 MILLION

Los Angeles, CA – NOVEMBER 5, 2007

Rexford Industrial, LLC, Southern California’s leading, privately held industrial real estate firm, has acquired Yukon Industrial Center, a 123,174-square-foot, multi-tenant industrial property located at 13020 Yukon Avenue in Hawthorne, CA, for $10.45 million. ANR Asset Management represented both the buyer and the seller, 13020 Yukon, LLC, in the transaction.

Yukon Industrial Center consists of two single-tenant buildings comprising 41,175 and 22,258 square feet respectively, and a 59,741-square-foot multi-tenant building, for a total building area of 123,174 square feet on 5.64 acres of land. Current tenants in the 100% occupied center include Gentle Giant Moving Company, Ryan’s Express, Seatmax and Southern California Cuisine.

The transaction is another milestone in Rexford’s aggressive acquisitions strategy for 2007. “The Yukon Industrial Center is a solid investment of attractive industrial real estate in the tight and robust South Bay submarket,” said Rexford’s Managing Member Howard Schwimmer. “It is also particularly well located, in close proximity to LAX, the I-105 and I-405 freeways, and the Ports of Long Beach and Los Angeles,” he continued. The purchase also included a highly favorable fixed-rate assumable loan.

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 nearly 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.