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ORANGE COUNTY BRIEFLY

Warehouse Planned

June 03, 1997|Dow Jones

NEWPORT BEACH — Pacific Gulf Properties Inc. said Monday it plans to develop a 204,000-square-foot warehouse/distribution complex on a 12.8-acre site adjacent to the Irvine Spectrum.

Pacific Gulf, a real estate investment trust, said it acquired the land in Pacific Commercentre in Lake Forest for $3.5 million. The company expects to complete the project in April 1998.

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