Convex polytopes arising from complete multipartite graphs and their toric
ideals will be studied. First, it is proved that such toric ideals possess
squarefree quadratic initial ideals. Second. we show that these convex poly
topes are compressed and compute their f-vectors, Ehrhart polynomials and n
ormalized volumes explicitly. Finally, all complete multipartite graphs whi
ch yield initial ideals coming from finite partially ordered sets will be c
lassified.