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SANTA ANA, CALIF. — Rexford Industrial LLC has acquired the 101,187-square-foot Grand Commerce Center, a multi-tenant industrial complex located at 600 South Grand Ave. in Santa Ana, from Shook Properties for $7.8 million. The six-building, 80 percent-leased property is the first purchase for the newly formed Rexford Industrial Fund V REIT. Sperry Van Ness’ Frank Kosi represented both the buyer and the seller in the lender-mandated, short-sale transaction.