The acquisitions included the Pacific Gulf Industrial Center on16th Ave., and Pacific Gulf Airport 200 on S 200th (Seattle); thePacific Gulf Business Park on Strander Blvd. (Tukwila); the PacificGulf Distribution Center on Milwaukee Ave N. (Algona); and, thePacific Gulf Renton Center on SW Lind Ave. (Renton). Pacific GulfProperties is selling nearly its entire portfolio of industrialsites in CA, NV, OR and WA to CalWest. Shareholder approval of thesale of Pacific's assets came last month, in line with the Newport,CA-based REIT's anticipated dissolution.

CalWest's purchase of the Pacific's properties comes on theheels of its purchase of Spieker Properties' Seattle-areaindustrial holdings in August. CalWest purchased 14 properties fromSpieker for a reported $193 million. Together, CalWest has fattenedits Northwest portfolio by more than $1 billion in the recentpast.