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Cruzan|Monroe Flips Business Park

SAN DIEGO-The San Diego-based developer continues its mode as a net seller. Two years after acquiring Sorrento Pines Business Park, the firm sheds it for $18.9 million.

By Daniel D. Williams | Updated on November 03, 2005

(To read more on the industrial market, click here.)

SAN DIEGO-Two years after acquiring Sorrento Pines Business Park, local investment and development firm Cruzan Monroe has flipped the industrial and R&D property for $18.9 million. Los Angeles-based Rexford Industrial LLC, an acquisition, development and management firm added to its San Diego holdings, which now tops 750,000 sf.For Cruzan

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