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by CareyBot

The Shidler Group has purchased a 19-building, 1.1 million-square-foot portfolio of office and R&D buildings in San Diego and Los Angeles for $142 million. The seller was Arden Realty Inc. Ten of the buildings are located in three business and technology parks in San Diego: Activity Business Center, five buildings totaling 156,887 square feet at 9235, 9245 and 9265 Activity Rd. and 9520 and 9530 Padgett St.; Morehouse Tech Center I, II & III, three buildings encompassing 182,127 square feet at 5510, 5550 and 5590 Morehouse Drive; Waples Tech Center I & II, two buildings totaling 27,974 square feet at 9565 and 9951 Waples St. The remaining nine buildings are located in the greater Los Angeles area: Long Beach Properties, two buildings consisting of 131,265 total square f...