Rexford Leases Up Repositioned Ontario Industrial

Rexford Industrial Realty completed lease-up of 500 Dupont Ave., located in Ontario in the Inland Empire – West submarket. The newly repositioned 274,885-square-foot building was leased to a third-party logistics (3PL) provider.

The value-add-repositioned project included overall building modernization, expansion of dock-high loading, upgraded ESFR fire sprinklers, new office construction and a new, secured container storage yard. The lease commences in October.

“Rexford Industrial’s strong execution and informational advantage across our vertically integrated, entrepreneurial team continue to deliver differentiated product providing the highest quality and functionality available within the infill Southern California market,” said co-CEOs Howard Schwimmer and Michael Frankel. “Looking forward, our strategic focus on value-creation will continue to favorably differentiate the Rexford Industrial portfolio and drive long-term shareholder value.”