Dermody has acquired the former headquarters campus of electric vehicle manufacturer Faraday Future in Los Angeles, with plans to reposition the site as a modern industrial facility. The property, located at 18455 Figueroa St., will be redeveloped into LogistiCenter at 110, a ground-up Class A logistics project. The acquisition price was not disclosed.
The planned logistics facility is designed to total 180,705 square feet and will be delivered as a Class A asset. According to Dermody, the project will rise in the South Bay submarket, an area characterized in the announcement as supply-constrained with limited developable land available for industrial users.
Dermody describes the transaction as a rare opportunity to reimagine a well-located, previously occupied corporate campus into a new logistics asset. Matthew Mexia, Southern California region partner at Dermody, noted that strategic infill opportunities of this scale are uncommon in the market. He added that the firm views the site as a compelling redevelopment prospect capable of delivering functional, contemporary space in an area where modern logistics options have lagged local demand.
Mexia further commented that developable land in the South Bay is described as virtually nonexistent, underscoring the scarcity value of the site. The company expects the finished LogistiCenter at 110 facility to respond directly to what it characterizes as significant unmet demand for industrial and logistics space in the submarket. Specific timing for redevelopment, construction start, or delivery was not disclosed.
The seller in the transaction was Rexford Industrial, which previously owned the Faraday Future headquarters property. Dermody and Rexford Industrial established their relationship following the 2022 closing of LogistiCenter at Eastvale, another transaction involving the two companies. The prior deal laid the groundwork for further interaction that ultimately led to this latest acquisition.
CBRE National Partners was engaged to market the property as an investment opportunity, according to the announcement. While the specific buyer and seller representation roles were not detailed beyond marketing responsibilities, CBRE National Partners was identified as the team responsible for bringing the asset to market.
The redevelopment will convert an existing headquarters campus into an industrial logistics use, reflecting ongoing demand for infill distribution facilities in established population centers. Detailed information on project costs, capital structure, delivery timeline, tenant strategy, or leasing milestones has not been released at this stage.
The article announcing the transaction also referenced the upcoming Connect Industrial West 2026 conference, positioned as a forum for senior industry leaders to discuss investment strategies, market fundamentals, leasing trends, and emerging opportunities across West Coast industrial markets. The event is highlighted as a venue for sharing insights and networking among active participants in the industrial real estate sector.
