The property – the only large, developable parcel in the LosAngeles Basin with rail service from both Burlington Northern SantaFe (BNSF) and Union Pacific (UP) - is located six miles fromOntario International Airport near the junction of Interstates 10and 15. A six million-sf industrial park and a truck plaza areplanned for the site.

Over the past five years in the area, Catellus has developed andcurrently owns the neighboring Crossroads Business Park, RanchoCucamonga Corporate Park, Ontario Pacific Distribution Center, andPacific Gateway. All told, Catellus has built and leasedapproximately 3.1 million sf in the area, and another 1.5 millionsf is under development. Another one million square feet ofbuildings and 65 acres of land in the area have been sold by thecompany.

The Kaiser Steel Mill property is a continuation of theCompany's strategy to identify and transform former industrialsites. In 1997, a Catellus subsidiary acquired a 206-acre parcel inHercules, north of Berkeley, California, the site of a former oiland asphalt refinery.