The buildings—a 24,972-sf one at 10021 Willow Creek Road and a24,312-sf one at 9775 Business Park Ave.—were built in 1984 and areoccupied by Edge Semiconductor and WorldXChange Communications.
Both sides represented themselves in the transaction. ShidlerWest Investment Corp., an investment entity of the Shidler Group,will manage the buildings, according to Marc Brutten, managingpartner of the Shidler Group.
"The Shidler Group has acquired about $100 million worth ofoffice, industrial and hotel properties so far this year," he says."We will continue to make acquisitions, and the Scripps Ranchbuildings represent the type of well-located, high-occupancyproperties we are seeking."
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