Pacific Gulf Properties Buys Industrial Park

Pacific Gulf Properties Inc. said Wednesday that it is using the last of its proceeds from a recent stock offering to acquire a San Bernardino industrial project for $6.375 million.

The Newport Beach real estate investment trust bought the Riverview Industrial Park, which consists of 297,346 square feet of industrial and warehouse space.

Pacific Gulf owns and operates multifamily and industrial properties in California and the Pacific Northwest. It focuses on small to mid-size business tenants for its industrial parks.