Rexford Industrial Realty said Wednesday it recently acquired two properties in Orange and Los Angeles counties for a total of $143 million. The company also completed three property disposals for a combined $27 million.

In the North Orange County submarket, Rexford acquired 1901 E Rosslynn Ave. in Fullerton for $94.3 million or $338 per square foot. The 12-acre site comprises a 278,572 square foot, single-tenant industrial building featuring 30-foot clear height and excess land for outside storage and trailer parking, which is leased to a highly entrenched tenant.

The REIT acquired 16203-16233 Arrow Hwy. in Irwindale, located in the LA – San Gabriel Valley submarket, for $48.5 million or $360 per square foot through an off-market transaction. The six-acre site contains 134,542 square feet of improvements comprising four newly developed, Class-A industrial buildings featuring 30-foot warehouse clear height and dock-high loading.

“Our quarter-to-date investment and disposition activity continue to evidence Rexford Industrial’s disciplined approach to highly-accretive capital allocation, positioning the Company for near- and long-term value creation for our stakeholders,” co-CEOs Michael Frankel and Howard Schwimmer said in a release.