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Rexford Industrial pays $42M for 2 properties

Southern California-focused real estate investment trust Rexford Industrial Realty Inc. acquired two single-tenant industrial properties for $42 million.

The company paid $30 million for the 136,685-square-foot newly built 1420 N. McKinley Ave. property in Compton, Calif., and $12 million for the 70,510-square-foot 4416 Azusa Canyon Road property in Irwindale, Calif.