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JPI Development Buys Torrance Multifamily for $37.35M

Granite Investment Group Sells 152-unit Pacific Park Apts.
By Dean Buenaventura
April 14, 2006 | 7:42 P.M.

Hampton at South Bay LP, a subsidiary of JPI Development, purchased the 152-unit Pacific Park Apartments on 20707 Anza Ave. in Torrance for $37.35 million, or about $245,724 per unit.

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