WareSpace breaks into LA Mid-Counties market with $16M Santa Fe Springs buy

WareSpace is doubling down on industrial space in Southern California amid a wider market squeeze.  The Maryland-based developer acquired an 82,000-square-foot industrial property at 13711 Freeway Drive in Santa Fe Springs for $15.8 million, L.A. Business First reported. The deal marks WareSpace’s second transaction in Greater Los Angeles and its first move into the Mid-Counties industrial submarket. The acquisition also expands WareSpace’s national footprint to 25 locations as the company pushes deeper into logistics-heavy markets. Previous owner Rexford Industrial proposed constructing a new 105,000-square-foot industrial building on the 5-acre property before abandoning those plans, leaving the site vacant for years, […]This article originally appeared on The Real Deal. Click here to read the full story.