Rexford Industrial Acquisition of 14500 Innovation Drive Flex/R&D

Deal value: $29,500,000

Acquisition of a 95,000 SF flex industrial and R&D facility in Irvine, California, with 24-foot clear height and lab-ready infrastructure.

Rexford Industrial’s acquisition of 14500 Innovation Drive is driven by the strategic pursuit of high-quality, flex/R&D industrial assets in prime infill Southern California markets. The investment thesis centers on capturing value from supply-constrained submarkets, leveraging lab-ready infrastructure to attract life sciences and advanced manufacturing tenants, and benefiting from strong regional demand and low vacancy rates. The timing reflects Rexford’s belief in continued growth for industrial and R&D real estate, especially in innovation-driven hubs like Irvine.