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Rexford Industrial buys Fountain Valley, Calif., property for $14M

Rexford Industrial Realty Inc. bought a 62,838-square-foot, single-tenant industrial building at 18250 Euclid St. in Fountain Valley, Calif., in an off-market, sale-leaseback deal for $14.0 million.

The industrial real estate investment trust also sold the Eastman Business Park industrial property at 2350-2380 Eastman Ave. in Oxnard, Calif., for $9.6 million.