(To read more on the industrial market, click here.)
CHINO, CA-Master Development Corp. of Newport Beach has sold outall 17 of the buildings in Phase I of its 300,000-sf Chino RanchBusiness Park for more than $18 million and has entered escrow on10 of the buildings in Phase II. The office and industrial park isdesigned for 33 buildings on a 25-acre site at southwest corner ofEdison Avenue and Euclid Avenue, near the 71 and 60 freeways.
Master Development broke ground on the project 18 months ago andexpects to complete it in November, according to Ward Mace, aMaster Development VP who is project manager for the business park.One reason for the quick sales, according to Mace, is the park'slocation, which is accessible to Orange County, the San GabrielValley and the Inland Empire.
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