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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.