De Young Construction Co. has paid $3.3 million for theproperty, which stands at 1751 S. State College Blvd. across fromEdison International Field. The parcel currently serves as the siteof two restaurants, which De Young will continue to lease. ElTorito occupies one of the restaurants, while the other isavailable for lease.

The planned development may encompass as much as 178,000-sf uponcompletion, according to a De Young spokesperson. De Young, whichalso handles general contracting work, has yet to determine aconstruction timetable for the project.

De Young was represented by Blake Woodward of CB Richard Ellis.Gary Allen of Grubb & Ellis' Newport Beach office representedthe seller, Newport Beach-based Prandium.

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