Project Targeting Smaller Tenants

CAMARILLO, CA-Silagi Development and Management Co. of Thousand Oaks, Calif. plans to build a 65,000-sf office development aimed at small office tenants to meet what the company says is “a shifting office market along the Ventura Freeway (101).”

The project will be called Camarillo Springs Corporate Center and will consist of a five-building campus on 5.4 acres fronting Camarillo Springs Golf Course on Camarillo Springs Road, according to Moshe Silagi, principal of the development firm. He said construction is due to begin within the next 60 days.Silagi has named Tony Principe and Darryl Zilberstein of Westcord Commercial Real Estate Services to market the project as office condominiums for sale. Principe says 12 individual units for sale will range from 4,500 to 7,000 sf at prices from $185 to $195 per sf, plus an entire 15,000-sf building for sale.