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Ground Lease Signed on San Diego Parcel

February 24, 1985

An $8-million, 85-year ground lease has been signed for a 5.2-acre parcel at the intersection of Sorrento Valley Road and Interstate 5 in Sorrento Valley.

The lessee is Rancho Sorrento Associates IV and the lessor is Richard A. Jones Trust, Grubb & Ellis represented both parties.

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