LOS ANGELES—Pacific Beverage, known as the distributor of Anheuser-Busch, has purchased seven acres of land from the Sares-Regis Group to build a 102,000-square-foot regional distribution center. The land parcel is part of Sares-Regis' Cabrillo Business Park in Goleta, CA. The sales price for the land parcel was $10.6 million.

The company plans to break ground on the facility in 2016, once entitlements and permits have been secured. Once the project is complete Pacific Beverage will occupy the space, moving from its current location in Goleta. The move will allow its parent company, Jordanos to take advantage of growth opportunities. There is no information available on the features of the development, or the cost and funding of the project, at this time. However, this will be one of four distribution facilities serving the 227-mile Central California Coast.

Including this transaction, 50 acres of land have been sold from the Cabrillo Business Park in the last five years, including FLIR Systems' purchase of two buildings totaling 170,000 square feet in 2010. There are now only 15 acres of land available at the business park, which offers convenient access to the 101 freeway, offers the most amenities of any business park between San Jose and Los Angeles, and is not subject to the Goleta Water District moratorium. Deckers Brands, FLIR Systems, Texas Instruments and Hewlett Packard are among the occupants on the property.

Sares-Regis Group purchased the land for the Cabrillo Business Park in 1998, and it will be fully complete in spring of this year. That includes the restored wetlands, open space, sports courts and walking trails in the center's 42-acre amenities offerings.