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Utility Buys San Diego Site

September 07, 1986

San Diego Gas & Electric Co. paid $12.53 million for a 19-acre parcel in the first phase of San Diego's new, $130-million Daley Corporate Center, Grubb & Ellis Commercial Brokerage Services said.

The utility will build an operation and service center on the site. Daley Corporate Center, a partnership of Hooberman Group and Old Stone Development Corp., is a 100-acre research-and-development, office and commercial project that will total more than 1.1 million square feet when completed in 1988.

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