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.”

|

The lots, located on Scripps Ranch Boulevard,Meanley Drive and Hoyt ParkDrive, are situated just blocks off the I-15 and areaccessible from three freeway access points: Mira Mesa Boulevard,Pomerado Road and Carroll Canyon Road. The individual parcels,which are bordered by mature eucalyptus trees and landscapesetbacks, offer expansive views that range from the Pacificcoastline to the San Diegobackcountry.

|

Surrounded by numerous walking trails, the land is close toshopping and entertainment venues, Lake Miramar, ScrippsRanch Library, Scripps Ranch High School and upscaleresidential neighborhoods.

|

Murphy Development will rebrand the property the ScrippsRanch Technology Park, and plans to develop one tothree-story corporate headquarters buildings and research anddevelopment facilities that conform to the zoning and entitlementsin place for Scripps Ranch Business Park PhaseIII, already home to Lockheed Martin,Paychex and CoreLogic, among others.

|

“We plan to develop state-of-the-art buildings on this fullyentitled campus property,” said Andy Irwin, seniorvice president and director of marketing for MurphyDevelopment. “Our goal is to complement the park-likelandscape setting with sustainable buildings that will attractcorporate, engineering and technology users, as well as benefit thesurrounding community,” he said.

|

“The property is a treasure,” said KaitlinMurphy, executive vice president of Murphy Development,“there is little available entitled land in central San Diego andfew new buildings have been completed in the past five years. Welook forward to creating a timeless statement of qualityarchitecture that will be a complement to the community and theland.”

|

San Diego-based Murphy Development Company (MDC) has masterplanned and developed more than 9 million square feet ofmulti-phase corporate industrial and technology parks in SanDiego.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.