NEWPORT BEACH, Calif., Dec. 18 /PRNewswire/ -- Pacific Gulf Properties
Inc. (NYSE: PAG) announced that it acquired a 111,000 square foot industrial
property located in Fullerton, California for a total price of $5,500,000 from
Meyer Asset Management. Built in the 1970's, the Fullerton Business Center in
Fullerton, California contains approximately 111,000 square feet in eight
freestanding buildings, and offers suite sizes from 1,200 to 15,000 square
feet. The property was 97% occupied at close of escrow.
Pacific Gulf Properties Inc., a self-administered and self-managed equity
real estate investment trust, owns, operates, leases, acquires, rehabilitates
and develops industrial and multifamily properties located in selected markets
within the western United States.
SOURCE Pacific Gulf Properties Inc.
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CONTACT:
Cindy L. Smith, Investor Relations for
Pacific Gulf Properties Inc., 714-223-5000
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