The US Navy is continuing to vacate prime property in San Diego that has been coveted for decades by developers.

The Port of San Diego Commissioners voted this week to approve an agreement with the Navy to terminate its 100-year lease on a 3.4-acre piece of property in proximity to San Diego Bay, currently occupied by three two-story buildings.

The parcel and the low-slung buildings, located on 1220 Pacific Highway, are both property of the Navy.

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