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Business/Financial

Aerojet Rocketdyne Completes Sale Of Some Real Estate

By Cal Biesecker

Monday, June 8th, 2015

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Aerojet Rocketdyne Completes Sale Of Some Real Estate

Aerojet Rocketdyne President and CEO Eileen Drake. Photo: Aerojet Rocketdyne.

Aerojet Rocketdyne Holdings, Inc. [AJRD] on Monday said it has closed the sale of a portion of its land holdings in Northern California for a potential value of $57 million to WestLand Capital Partners, L.P., part of the company’s ongoing effort to monetize the property.Aerojet Rocketdyne’s subsidiary, Easton Development Company, LLC, sold 703 of its 6,000 acre Easton Mater Plan.The price of the deal includes $6.7 million that has been held back until environmental regulatory approvals are obtained for about…

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