Dole Fresh Fruit Co., the world's largest producer of fresh fruit, vegetables and flowers, signed a 20-year lease with the Port District last spring to operate the container facility, though terms weren't available. The port is demolishing two buildings to make way for the container operation, which is moving to San Diego from Los Angeles.
The food company plans to handle bananas imported from Ecuador, as well as other tropical products, at the new facility.
Officials say the facility could eventually double the $1.5 million in annual revenues it will bring to the port. The company plans to bring in about 45,000 containers per year. CATO Research Signs $661,000 Lease in Courtyard I in San Diego.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.