Los Angeles, Calif. – Colliers today announced the completion of a 165,171 square-foot lease agreement in the vibrant Orange County sub-market of Garden Grove. Colliers’ industrial team of Clyde Stauff and Jace Gan represented the landlord, Rexford Industrial, who leased the state-of-the-art manufacturing and distribution facility at 12821 Knott Street.
The tenant, Harbinger Motors, Inc., will manufacture state-of-the-art electric light and medium-duty delivery vehicles. Harbinger Motors will custom design the vehicles to customers’ specifications, offering a unique proprietary chassis and platform ideally suited for suburban delivery vehicles.
To accommodate the new tenant’s growing business needs, the building will undergo extensive upfit, including approximately 40,000 square feet of office and engineering space. Harbinger Motors was previously located in Gardena, CA.
“This is a significant win for Orange County and the City of Garden Grove,” said Stauff. “Harbinger will employ over 160 people in technical, design, and engineering jobs, bolstering the growing market’s economy and labor pool.”
Rexford Industrial acquired the Knott Street property in 2019 and added significant improvements, including a 45,171 square-foot high bay expansion area and 20,000 square feet of high-finish office space.
About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people.
About Rexford Industrial
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world’s fourth largest industrial market and consistently the highest-demand, lowest supply market in the nation. The Company’s highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial’s high-quality, irreplaceable portfolio comprises 368 properties with approximately 45.1 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member.
