Rexford Industrial buys 300K sf warehouse in Compton for $137M

Rexford Industrial Realty has bought a fully leased 300,000-square-foot warehouse in Compton for $137.2 million. The Sawtelle-based real estate investment trust purchased the industrial building at 2501 West Rosecrans Avenue, near the ports of Los Angeles and Long Beach, the Commercial Observer reported. The seller was JPMorgan Chase. The deal works out to $457 per […]This article originally appeared on The Real Deal. Click here to read the full story.