Rexford Industrial Realty is continuing its Southern California sell-off with the disposition of an industrial property in Orange County. West Los Angeles-based Rexford sold the 136,200-square-foot facility at 1500 South Raymond Avenue in Fullerton to industrial machinery manufacturer Terra Universal for $50 million, or $367 per square foot, L.A. Business First reported. Cushman & Wakefield’s Kevin Turner and Jiselle Roberson represented Terra Universal in the transaction, while Cushman & Wakefield’s Randy Ellison, Brett Lockwood, Kyle McGillen and Andrew Ryan represented Rexford. Terra Universal’s headquarters are less than a mile away from the site at 800 South Raymond Avenue. The company […]
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