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ORANGE COUNTY BRIEFLY

Industrial Park Construction Scheduled

August 14, 1997|(John O'Dell)

FOOTHILL RANCH — Parkstone Cos. and Foothill Ranch Co. said Wednesday that they are jointly developing an $18-million industrial park in the 370-acre Foothill Corporate Centre.

The 16-acre, 275,000-square-foot manufacturing and corporate office development will include four buildings ranging from 24,000 to 107,000 square feet of space.

Construction is scheduled to begin in September under direction of Ontario-based Fullmer Construction.

Foothill Ranch Co., an affiliate of Laguna Beach-based Hon Development, is the master developer of the 3,000-acre Foothill Ranch planned community. Parkstone Cos. is a Santa Ana-based real estate developer.

With the new project, work has begun on more than a million square feet of industrial facilities in Foothill Ranch since the start of the year.

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