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ORANGE COUNTY, CA-Turner Development Co. has sold the last 218,000 sf of buildable land inside Lake Forest’s A.J. West Ranch to a company that plans to build a research-and-development facility on the site.

The buyer is Peptide Technologies Inc., which primarily provides services to the pharmaceutical and biotechnology industries. Peptide was represented by a local office of CB Richard Ellis.

It took Turner only two years to buy the 50-acre parcel in Lake Forest, turn it into a master development and then sell all the land, says John Griffin, a broker in the Irvine office of Voit Commercial Brokerage. Voit Commercial represented Turner in all of the project’s land sales.

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