Los Angeles, CA, NOVEMBER 14, 2007

Rexford Industrial, LLC, Southern California’s leading, privately held industrial real estate firm, has completed the disposition of RIF III Dyer, a 187,000-square-foot warehouse/distribution facility on 8.43 acres, located at 601 West Dyer Road in Santa Ana, California.

The property was sold for a total consideration of $22.3 million by Rexford Industrial Fund III (RIF III), established in 2005, which is the third in a series of value-add industrial real estate funds managed by Rexford Industrial. Kevin Turner, Michael Hartel and Casey Immel of Voit Commercial Brokerage represented both RIF III and the buyer, The Bloom Family Trust.

Built in 1973, RIF III Dyer was recently vacated by US Foods, Inc., and is currently 26% occupied by Logomark. The property features an upgraded fire sprinkler system, a 180-foot truck court and 15,000 square feet of renovated offices. The site is situated one mile west of Interstate 55 (at the Dyer Road exit). Dyer Road is a major commercial artery connecting to Interstate 55 (one mile east) and serves all of Santa Ana.

Rexford spent well over $2 million repairing and renovating the building to like-new condition, enhancing its value as a highly desirable multi-tenant distribution facility in the Irvine business complex submarket, regarded as the strongest submarket in Orange County. “Rexford secured Logomark’s new, 48,000-square-foot lease, and while still marketing the remaining fully renovated space, was able to negotiate the sale at a price enabling Rexford to achieve our investment goals,” said Rexford’s Co-Founder and Managing Partner Howard Schwimmer. “Rexford added significant value to this building and realized the value appreciation through the sale,” he continued.

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 is a leading industrial real estate firm in Southern California. With deep capitalization and streamlined processes, Rexford Industrial invests in growth opportunities in all classes and every category of industrial properties. Rexford offers brokers unique investment incentives and has built a powerful network of loyal relationships in the industry. With a current portfolio of 4.7 million square feet valued at more than $500 million, Rexford Industrial’s aggressive growth strategy is to purchase $375 million dollars of industrial properties, representing approximately three million square feet in 2007. The firm is based in Los Angeles with offices in Orange County and San Diego.