SAN DIEGO—Murphy Development, a long-time SanDiego developer, has purchased 30.9 acres in theScripps Ranch Business Park from IntelCorporation, and will develop it according to entitlementsfor headquarters and research use.
The central San Diego property includes five finishedlots ranging from 4.6 to 8.2 acres. ChrisPascale and Brent Wright ofCBRE represented Intel, which purchased theproperty in 2000 for $28 million and, at one time, had plans toconstruct a million square foot corporate campus.
“Acquiring 31 acres of improved land in a campus setting in SanDiego's mid-city markets presents an extraordinary opportunity,”said Michael Murphy, president of Murphy Development. “Thelocation, freeway access, and corporate setting areunmatched.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
