PRG’s predecessor company, Pacifica Capital Group, acquired, transacted and/or developed approximately 2 million square feet of commercial real estate in Southern California. During the late 1990’s, Pacifica began acquiring and developing a portfolio of industrial and office properties in Southern California. Pacifica sold its industrial portfolio to First Industrial Realty Trust (NYSE: FR), which marked its entry into the Southern California market. In the fourth quarter of 2005, Pacifica sold the remainder of its office and industrial portfolio in Southern California.
