Search
 

Shidler Group Partner Pays $38.1 Mil for Five Business Parks Totaling 537,345 SF

SAN DIEGO-A private partner of real estate titan Jay Shidler makes a big San Diego play, paying $38.1 million for five industrial and R&D business parks. The properties--located in Miramar, Sorrento Valley and Sorrento Mesa--have a combined sf of 537,345.

By Randy J. Drummer | Updated on September 24, 2000

SAN DIEGO-A private real estate partner of The Shidler Group has acquired a five-property industrial and R&D portfolio for $38.1 million.

Westcore Industrial Properties, a San Diego-based company formed by Marc Brutten, has bought five separate business parks from San Diego Investment Property Group. The properties, in the Miramar, Sorrento Valley and Sorrento Mesa areas, have a combined size of 537,345 sf.

Brutten had formed Westcore to expand the Hawaii-based Shidler Group’s industrial property business in the western United States. The Shidler Group was founded by real estate titan Jay Shidler, who also cofounded First Industrial Realty Trust Inc., a REIT that is one of the nation’s largest holders of industrial property.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.