JPMorgan fund invests in California facility

Purchases property in South Los Angeles region

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

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. *** What's your opinion? Send your Letter to the Editor to