2010 BANNER YEAR FOR PACIFIC NEWPORT, SEEKING DEVELOPMENT OR VALUE ADDED PROJECTS & ASSET MANAGEMENT ASSOCIATIONS IN 2011
IRVINE Calif. – Irvine-based Pacific Newport Properties Inc. had a banner year in the 4th quarter of 2010. “I commend our team for their diligent work in 2010 closing one of the largest California industrial sales of last year,” said Jon Patton, PNP Vice President. “PNP has a reputation for developing well located, designed and constructed assets and when the timing is right those quality assets attract quality buyers as well as quality sales, even in 2010.” Patton said the company remains active in the Southern California marketplace. “We are in the early stages of development planning in several communities in addition to our growing asset management relations. The Inland Empire is always going to be a focus for us, not only is it in our DNA as a company and family, but we continue to believe in the potential of the region on all levels.” Patton’s family has been in the region since the late 1800′s involved early on in the planning and development of water and other infrastructure in the Inland Empire, long before the term “green” became an industry term. “My great grandfather drilled early wells on one of the industrial properties we developed and currently manage so I feel a sense of history every time I visit that property”, Patton stated.
For more information on Pacific Newport’s current needs, please visit their website at www.PacificNewport.com and select the “Acquisitions” tab.