SAN DIEGO-An affiliate of IDS Real Estate Group of Los Angeles has purchased a 411,245-square-foot industrial building in the Kearny Mesa submarket north of this city’s downtown area. While the buyer declined to disclose the purchase price, GlobeSt.com learns from an unidentified source that the building at 4000 Ruffin Rd. and 19 acres of adjoining land sold for $50 million.
CBRE brokers Jack Fraker, Darla Longo, Barbara Emmons, Louay Alsadek, Rob Merkin and Brent Wright represented the seller, which GlobeSt.com learns is AEW Capital Management of Boston. IDS represented itself.
The building is 85% leased. Sharp HealthCare, a medical services provider and Owens & Minor, the medical equipment company, are the largest tenants.
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