Prologis, a San Francisco-based real estate investment trust company, has closed on the divestiture of a 92,000-square-industrial property in Commerce, California.
Prologis sold the industrial asset to Los Angeles-based industrial real estate firm Rexford Industrial Realty.
Rexford Industrial Realty purchased the property at 6277 E. Slauson Ave. for a total purchase price of $41.3 million.
In September this year, Rexford Industrial Realty had completed the acquisition of five industrial properties in the U.S. for a total of $110.3 million.