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Idec Acquires Two Oceanside Parcels for $9.1M

OCEANSIDE, CA-Located in the Ocean Ranch Corporate Centre, the parcels encompass a total of 27.72 acres. Having already acquired 60 separate acres in the complex two years ago, Idec Pharmaceuticals Corp. plans to use the recently purchased land for future expansion.

By Erin Cassin | Updated on January 14, 2003

OCEANSIDE, CA-In a move designed to increase its expansion capabilities, Idec Pharmaceuticals Corp. has acquired two parcels in an Oceanside business park.

Idec has shelled out $9.1 million for the land, known as parcels 19 and 20, which are located in the 293-acre Ocean Ranch Corporate Centre. Encompassing a total of 27.72 acres, the recent purchases will complement the pharmaceutical company’s existing land holdings in the complex, as Idec owns an additional 60 acres here that it had acquired in a separate transaction more than two years ago. All of the land is being used for current and future expansion, with the company currently at work building a 490,000-sf manufacturing facility in the complex.

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