REAL ESTATE
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Compiled by Michael Flagg, Times staff writer
Lincoln Property Co. of Irvine bought 20 acres in Corona for a $20-million industrial park.
The project, called Westgate Distribution Center, will include 430,000 square feet of space to be built in two phases. Construction of the first phase--two buildings--begins later this year. The second phase also includes two buildings.
Lincoln bought the land in a transaction valued at $5 million from Santa Fe Land Improvement Co. of Brea.
Grubb & Ellis Co.’s commercial brokerage handled the deal.
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