Irvine Co. Sells Parcels
The Irvine Co. said Wednesday that it had completed three large commercial land sales.
It sold 8.25 acres at Jamboree Road and Walnut Avenue to Ramen noodles manufacturer Union Inc., which will move from Costa Mesa into a new 167,000-square-foot manufacturing facility at the site. Another 5.3 acres at Alton Parkway and the Laguna Freeway was sold to Western Financial Bank for a new 100,000-square-foot office building that will accommodate an expansion of its Irvine operations. AutoNation USA purchased 20 acres at Bake Parkway and Interstate 5 for a used-car superstore.
The transactions bring the Irvine Co.’s commercial land sales for the 1996-97 fiscal year to 56 acres, nearly 20 more acres than last year.
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