Terra Universal, Inc. has acquired a newly developed industrial facility in Fullerton, purchasing a 136,218-square-foot property at 1500 S Raymond Ave. The asset was sold by Rexford Industrial, which delivered the building recently and brought it to market in vacant condition. The acquisition brings Terra Universal into ownership less than a mile from its existing headquarters, aligning the new facility closely with the company’s core operations.
Cushman & Wakefield arranged the transaction, with two separate teams advising the parties. Kevin Turner and Jiselle Roberson of Cushman & Wakefield represented Terra Universal as the buyer, while a separate Cushman & Wakefield team of Randy Ellison, Brett Lockwood, Kyle McGillen, and Andrew Ryan represented Rexford Industrial as the seller. Terra Universal paid $50,224,160 for the property, reflecting a substantial investment in long-term control of its industrial footprint.
According to Turner, the buyer’s advisory team leveraged information from Rexford Industrial’s public investor communications to pinpoint the opportunity. By using the seller’s disclosures to better understand pipeline activity and potential portfolio moves, the Cushman & Wakefield team identified the Fullerton facility as a fit for Terra Universal’s strategic and operational priorities. Turner noted that the scale, quality, and positioning of the building are intended to deliver durable value for the buyer while enhancing control over future occupancy costs.
Prior to this acquisition, Terra Universal operated out of two separate leased facilities totaling more than 180,000 square feet. Running operations across multiple locations introduced inefficiencies and contributed to higher long-term occupancy expenses. By purchasing a single, large-format industrial facility near its headquarters, Terra Universal is moving toward consolidating its footprint into an owned asset. This shift is expected to better align its manufacturing and cleanroom operations with a more centralized and controllable real estate platform.
Terra Universal is described as an industrial machinery and cleanroom manufacturer, and the newly acquired building provides a significant amount of modern industrial space to support those activities. While the facility was acquired vacant, the buyer’s proximity to the site and its existing operational scale suggest that the property is intended to be closely integrated into the company’s production and cleanroom-related functions. The transaction underscores how an owner-user can use targeted acquisitions of recently completed industrial product to address operational inefficiencies created by dispersed, leased locations.
For Rexford Industrial, the transaction represents the sale of a newly completed industrial building to an owner-user rather than an investor. Disposing of the property in vacant condition indicates the asset was not taken through a lease-up process before sale. The involvement of dedicated buyer and seller representation teams from Cushman & Wakefield highlights the role of specialized industrial brokerage in matching newly delivered product with owner-user demand, particularly where buyer operational needs and location requirements are narrowly defined.
