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Gateway Centre Portfolio Sells for $7.5M

122,935-SF Changes Hands in Short Sale
By Brian Barga
March 9, 2011 | 8:26 P.M.

Frome Realty Fund-Alpha LLC purchased the Gateway Centre Business Park at 26305-26499 Jefferson Ave. in Murrieta, CA for $7.5 million, or about $61 per square foot, from Gateway Business Park LP in a lender facilitated short sale. The business park was 80% occupied at the time of sale.

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