Western Realco has acquired a development site in Anaheim from Rexford Industrial Realty. The transaction highlights ongoing interest in industrial real estate in the region, aligning with trends of increased demand for logistics and distribution facilities.
“We see an opportunity to deliver a new, Class A building to the market in a space where’s there’s currently very limited inventory and growing demand across multiple sectors.”
“The building's location, size and versatility, paired with the city of Anaheim's business-friendly environment and public power utility, made it an attractive deal.”
“In his new role, Nahas will continue to oversee operations and investment functions, including asset management, development and construction, leasing, and property management.”
“My conviction is driven by 3 key factors: our reformed capital approach, operational rigor, and current market indications.”
Western Realco purchased the site from Rexford Industrial Realty for $40.7 million, with plans to develop a 256,046-square-foot Class A industrial building.
This acquisition underscores the strong demand for industrial real estate in Southern California, driven by logistics and distribution needs.
Interest rate fluctuations
HighLock in current financing rates to hedge against future increases.
Construction delays
MediumImplement robust project management and contingency planning.
Market saturation
LowConduct thorough market analysis to ensure demand aligns with supply.
Connect CRE reports that Western Realco has acquired a 12.14-acre site in Anaheim from Rexford Industrial Realty for $40.7 million. The site is fully entitled for industrial development, and Western Realco plans to build a 256,046-square-foot Class A industrial building. The transaction highlights the ongoing interest in industrial real estate in Southern California, driven by demand for logistics and distribution facilities. JLL represented both the seller and buyer and will market the new development for lease or sale.
This source provides detailed information on the transaction, including the parties involved, the planned development, and the market context, which is crucial for understanding the strategic significance of the acquisition.
The acquisition signals a bullish outlook for industrial real estate in Southern California.
connectcre.com
On April 8, 2026, Western Realco completed the acquisition of a 12.14-acre site in Anaheim from Rexford Industrial Realty for $40.7 million. The site is fully entitled for industrial development, and Western Realco plans to construct a 256,046-square-foot Class A industrial building, with completion expected by late 2027. JLL represented both parties in the transaction and will market the property for lease or sale [connectcre.com].
End of Intelligence Report · 1 Sources Verified