JPMorgan fund invests in California facility
Purchases property in South Los Angeles region
By Inman News, Tuesday, February 28, 2006.Grubb & Ellis Co. recently announced that a fund advised by JPMorgan Asset Management has purchased a 313,168-square-foot industrial facility in Compton, Calif.
The transaction was valued at $26.2 million.
The freestanding, single-story concrete tilt-up building, which is located at 2501 Rosecrans Ave., was 100 percent leased at the time of sale to CCL Industries Inc.
A private family trust sold the property, which was built in 1987.
Grubb & Ellis Co. is a full-service commercial real estate organization operating worldwide.
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