The International Corporate Park is seven miles east of theairport. The land is part of a 2,672-acre parcel purchased by Excelearlier this year for $18.6 million. The remaining property,bordering the high-traffic Beeline Expressway, is currently zonedfor industrial-office development and already has much of theon-site improvements in place, Excel officials say.
Legacy also announced its REIT affiliate, Price EnterprisesInc., has completed a previously announced sale of two officebuildings in Sacramento, totaling 138,575 sf for $22.1 million, andthe sale of a 120,615-sf retail center in Azusa for $4.2 million.Price also is in escrow to sell two other shopping centers forabout $22 million. Excel Legacy did not disclose the buyers in thetransactions.
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