Robert Khodadadian – Commercial Observer

Harbinger Motors is rolling with Rexford. The electric vehicle manufacturer signed a 165,171-square-foot lease in Orange County, Calif., with major industrial landlord Rexford Industrial Realty, Colliers announced Monday. The deal is valued at $29.6 million. The length of the lease was not immediately disclosed. Rexford acquired the property in 2019 for $19.8 million, records show. Commercial Observer Read More Channel, Industrial, Leases, 12821 Knott Street, Clyde Stauff, Industrial real estate, Jace Gan, lease, California, Southern California, Colliers, Harbinger Motors, Rexford Industrial Realty

Harbinger Motors is rolling with Rexford.

The electric vehicle manufacturer signed a 165,171-square-foot lease in Orange County, Calif., with major industrial landlord Rexford Industrial Realty, Colliers (CIGI) announced Monday. The deal is valued at $29.6 million. The length of the lease was not immediately disclosed.

Rexford acquired the property in 2019 for $19.8 million, records show.

Harbinger will use the facility to manufacture electric light- and medium-duty delivery vehicles at 12821 Knott Street in Garden Grove, immediately off State Route 22. The building will also undergo an extensive upgrade, including the addition of approximately 40,000 square feet of office and engineering space, according to Colliers.

“Harbinger will employ over 160 people in technical, design and engineering jobs, bolstering the growing market’s economy and labor pool,” said Colliers’ Clyde Stauff, who represented Rexford on the lease along with Jace Gan.

Harbinger Motors was previously located in Gardena.

Gregory Cornfield can be reached at gcornfield@commercialobserver.com.

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.