Pacific Gulf Buys 5 More Industrial Properties
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NEWPORT BEACH — Using cash from a recent $83-million stock offering, Pacific Gulf Properties Inc. this week acquired five more industrial properties, including two in Anaheim.
Pacific Gulf said Wednesday it bought four complexes from KIP Properties for $57.6 million, including multi-building sites in Santa Clara, Sunnyvale and Sacramento, and Anaheim Commerce Park, an eight-building complex.
The Newport Beach-based real estate investment trust said separately that it has acquired a single-tenant industrial building near Anaheim Stadium for $6.1 million from Amresco Advisors.
