Through its Aerojet subsidiary, GenCorp owns approximately 12,200 acres of land in the Sacramento, California metropolitan area. The property is located 15 miles east of downtown Sacramento, along U.S. Highway 50, a key growth corridor in the region. It is one of the largest single-owner land tracts suitable for development in the region and is a desirable “in-fill” location surrounded by residential and business properties.
The land was acquired by Aerojet in the early 1950s for Aerojet’s operations. Most of the land was used to provide safe buffer zones for Aerojet’s testing and manufacturing operations. Due to changes in propulsion technology coupled with the relocation of certain of Aerojet’s operations, portions of the land are no longer needed for Aerojet’s operations. Consequently, the Company is planning to reposition the excess Sacramento Land to optimize its value, by seeking entitlement of approximately 6,000 acres under the brand name of Easton. The term “entitlements” is generally used to denote the set of regulatory approvals required to allow land to be zoned for requested uses.
The Easton plans reflect efforts to make one of the finest master-planned communities in the region. Easton will include a broad range of housing as well as office, industrial, retail and recreational uses.
To learn more about Easton, please visit www.easton-ca.com.
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