The land is at the intersection of Bateman Avenue and Buena Vista. The buyer is Solana Beach-based McMahon Development Group.
McMahon plans to begin its nine-building spec project next month. Completion is expected in August.
Jim Center and Bob Moffatt of Grubb & Ellis' San Gabriel Valley office represented the seller, a Portland, OR-based group known as Wilshire Real Estate Partnership LP. Mitch Ashwill of Ashwill & Associates represented McMahon Development.
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