(Read more on the industrial market.)
GOLETA, CA-The Ventura division of Irvine-based Sares-RegisGroup plans a 956,000-sf class A research and development projectcalled Cabrillo Business Park on a 92-acre site that formerly wasan aerospace testing range. Sares-Regis bought the project site,which is next to the Santa Barbara Municipal Airport, from theHughes Corp. for $22 million in 1998.
According to Russ Goodman, the division's president, the newbusiness park will be developed with 12 one- and two-story flexbuildings ranging from 55,000 sf to 80,000 sf. The site also willinclude a restaurant and self-storage buildings.
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