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BNSF Buys 105.39-Acres at Kaiser Commerce Center

SAN FRANCISCO-Burlington Northern and Santa Fe Railway Co. plans to use a 105.39-acre site that it purchased from Catellus Development Corp. to build a rail served facility to meet So Cal rail transportation needs.

By Michelle Savage | Updated on February 07, 2002

SAN FRANCISCO-San Francisco-based Catellus Development Corporation has sold 105.39 acres at the Kaiser Commerce Center to the Burlington Northern and Santa Fe Railway Company. BNSF will use the land to construct a rail served facility meet the growing demand for rail transportation in Southern California.

“The facility that the railroad intends to construct will improve goods movement at the Kaiser Commerce Center,” says Nelson C. Rising, chairman and chief executive officer of Catellus. “The land sale also fits within our overall strategy for Kaiser, and will further enhance its value as one of the premier distribution warehouse sites in the Inland Empire.”

The purchase price of the acreage should be revealed in a conference call scheduled for next week. In June 2000, Catellus acquired the 588-acre former steel mill site for $16 million. After the land sale to BNSF, the planned business park will be capable of supporting up to seven million square feet of additional development.

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