JLL represents seller and buyer and will market development for lease
News release
29 April 2026
Western Realco acquires 12.14-acre fully entitled site in Anaheim, California for $40.7 million
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ANAHEIM, CALIF., APRIL 3, 2026 –JLL announced today that it has completed the sale of a fully entitled 12.14-acre industrial site located on East Vermont Avenue in Anaheim, California to Western Realco for $40.7 million. Western Realco will immediately begin demolition and construction to develop a new, 256,046-square-foot Class A industrial building. Construction is expected to be completed late 2027.
JLL’s Zach Niles, Louis Tomaselli and Steve Wagner represented the seller, Rexford Industrial, and buyer Western Realco, in the transaction. JLL has also been retained to market the new development for lease or sale which can accommodate a broad range of uses including logistics, manufacturing, assembly, food processing and temperature-controlled storage, among others.
“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”, said Jeremy Mape, Principal at Western Realco. “The building’s location, size and versatility, paired with the City of Anaheim’s business friendly environment and public power utility, is an opportunity we just couldn’t pass up.”
Western Realco’s new industrial building will feature 36-foot clear height, 39 dock-high doors, an ESFR sprinkler system, 4,000 amps of power, and a fully enclosed truck court. Located in Anaheim’s stadium area, the building will offer immediate freeway access and ideal reach to SoCal’s 23+ million residents.
“The project’s delivery timing will prove to be ideal”, said Zach Niles, JLL Senior Managing Director. “Real-time we are seeing a significant increase in activity across several industries, particularly in aerospace, defense tech, advanced and specialized manufacturing, food and beverage, and players supporting the AI, energy and data center sectors.”
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About Western Realco
Western Realco is a Newport Beach-based real estate development and investment firm established in 1972. For over five decades, the company has specialized in the ground-up development, acquisition, and management of institutional-quality industrial properties throughout California, Arizona, and Nevada. With a best-in-class track record developing and acquiring over 25 million square feet across more than 100 buildings and 1,350 acres, Western Realco combines deep market expertise, hands-on management, and institutional discipline to deliver high-quality projects and strong returns for its partners and investors.