The locally based product fulfillment firm signed a direct lease for the building it has subleased for years at 2950 Madera Road, next to the 118 Freeway.
The Simi Valley and surrounding areas are an excellent location for companies in the warehousing and fulfillment center market, according to brokers Scott Caswell and Erica Balin of Lee & Associates.
Rexford Industrial Realty acquired 48 properties in Los Angeles and Orange counties for $332 per square foot, adding nearly 7 percent of square footage to its portfolio.
At the end of last year, Rexford reported $797 million in total revenues, up 26 percent from the year prior, and $249 million in net income, up 41 percent from the end of 2022, according to financial reports.
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