Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 13971 Norton Avenue Located in Chino in the Inland Empire - West Submarket from Norton 13 LLC for $11.4 million on January 2, 2018. Rexford Industrial Realty acquired 103,208 square feet of industrial property for $110 per square foot. In a related deal, Rexford Industrial Realty sold six-building industrial park for $11.4 million. The acquisition is funded through a combination of proceeds from the disposition and cash on hand. Proceeds from the disposition of six-building industrial park were recycled in a tax deferred 1031 exchange to fund a portion of the Norton Avenue acquisition. Larry Kliger of Lawrence Allen & Associates represented as a property advisor to Norton 13 LLC. Rexford Industrial Realty, Inc. (NYSE:REXR) completed the acquisition of 13971 Norton Avenue Located in Chino in the Inland Empire - West Submarket from Norton 13 LLC on January 2, 2018.