AES Sells 51 Acres of Coastal Property in Redondo Beach
The AES Corporation (AES)
Last the aes corporation earnings: 2/28 06:00 am
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Source: Business Wire
Sale includes up to 25 acres of open space, community benefits and City ownership options LOS ANGELES--(BUSINESS WIRE)--AES US finalized the sale of approximately 51 acres of coastal land in Redondo Beach, California to a private developer. The property is the site of the AES Redondo Beach Power Plant, located at 1100 North Harbor Drive in Redondo Beach, California.The sale includes provisions for up to 25 acres of open space and it provides the City of Redondo Beach with an option to purchase up to 15 acres in the future. The transaction documents also allow the option for the power plant to operate to support electric reliability needs for the Los Angeles region through December 31, 2023, at which point the plant would permanently retire.Kevin Shannon, Co-Head of US Capital Markets at Newmark Knight Frank, and Laurie Lustig-Bower, Executive Vice President of CBRE, brokered the sale of the 51-acre parcel, one of the largest coastal property sales in California. The sale marks the
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AES
Earnings
- 10/31/24 - Beat
AES
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/13/24 - Form SC
- AES's page on the SEC website