Rexford sells 102K sf industrial building in Lake Forest for $51M

Rexford Industrial Realty sold a 102,300-square-foot industrial building in Lake Forest for $50.9 million. The Sawtelle-based real estate investment trust traded the two-story building at 20 Icon, in Foothill Ranch, the Los Angeles Times reported, citing a regulatory filing. The buyer was undisclosed. The deal works out to $498 per square foot. The building, constructed […]This article originally appeared on The Real Deal. Click here to read the full story.