McLachlan Investment to Build R&D; Complex

McLachlan Investment Co. Newport Beach, plans to build a five-building, 163,000-square-foot multi-use research and development office project on 7.58 acres in the Hazard Industrial Park, San Diego. Construction is scheduled to begin early next year.

The company signed a $29.9-million, 55-year ground lease on the property, under terms of an agreement arranged by the John Burnham & Co. commercial brokerage division.