Seven Acres Sold To California Regional Beer Distributor;
Land Sales Winding Down At Cabrillo Business Park
GOLETA, California – SARES-REGIS Group sold seven acres in its 92-acre Cabrillo Business
Park to Pacific Beverage, which is planning to build a 102,000-square-foot regional distribution center. The company distributes premium Anheuser-Busch beers and dozens of popular imports, crafts and soft drinks to customers from Ventura County to southern Monterey County.
With the Pacific Beverage transaction, nearly 50 acres of sales have closed at Cabrillo Business during the past five years, leaving only 15 acres of land available, said Steve Fedde, senior vice president in SRG’s Ventura Region.
Located just off U.S. Route 101 and contiguous with the University of California, Santa Barbara and Santa Barbara Airport, Cabrillo Business Park is the most amenity-rich business park between Los Angeles and San Jose, and offers the only entitled and improved land on the south coast that is not subject to the Goleta Water District moratorium, Fedde said.
All project improvements will be complete by this spring, including major streets, backbone utilities and bike paths. The restored wetlands, open space, sports courts and walking trails account for a significant portion of the 42 acres in Cabrillo Business Park’s landscaped outdoor amenity package.
Companies with facilities there include Deckers Brands, FLIR Systems, Texas Instruments and
Hewlett Packard. UCSB and U.S. Department of Agriculture also have acquired land or occupy space.
Based in Santa Barbara, Pacific Beverage is a division of family-owned
Jordano’s Inc
., which this year is celebrating its 100 th
year in business. The company paid $10.6 million for the land on Coromar Drive and says the new building will be among four distribution facilities serving customers “up and down the 227-mile Central California Coast.”
“Cabrillo Business Park is a premier business environment. Our new state-of-the-art facility will enable us to serve our customers better today and give us the capacity to meet our logistics needs in the future,” said Jeff Jordano, president.
The company plans to break ground for the facility in 2016. When complete, Pacific Beverage will move to Cabrillo Business Park from its current Goleta location, freeing up space for
Jordano’s food distribution operations to grow and continue their long tradition of service to south coast residents. Pacific Beverage also has distribution facilities in Oxnard, Santa Maria

and Santa Margarita. Pacific Beverage was represented in the transaction by Mark Mattingly of
Pacifica Commercial Realty.
SRG purchased the land at Hollister Avenue and Los Carneros Road in 1998 from Hughes Corp.
As a leading western United States real estate developer and property manager, SARES-REGIS
Group has developed or acquired approximately 40 million square feet of industrial/commercial properties worth $3 billion since 1994 primarily in California. SARES•REGIS Group manages approximately 20 million square feet of commercial properties for its partners and investor clients.