Rexford Industrial Realty has successfully leased 500 Dupont Ave, a newly repositioned building located in the Inland Empire – West submarket of Ontario. The 274,885-square-foot property was leased to a third-party logistics (3PL) provider.
The project involved modernizing the entire building and expanding its dock-high loading capabilities. Upgrades were also made to the ESFR fire sprinkler system and new office space was constructed. Additionally, a secured container storage yard was added to enhance security measures for tenants. The lease is set to begin in October.
According to co-CEOs Howard Schwimmer and Michael Frankel, Rexford Industrial’s strong execution abilities and informational advantage have allowed them to deliver top-quality products within Southern California’s infill market. They believe that their focus on value-creation will continue differentiating their portfolio and driving long-term shareholder value.
