The Shidler Group sold the La Jolla Galleria, a 54,291-square-foot office and retail building in La Jolla, Calif.

The value of the transaction was $19.8 million.

The four-level building, located at 7777 Fay Ave., was constructed in 1983. The property’s main tenants at the time of sale were Smith Barney, Charles Schwab, T.D. Waterhouse, Coast Mortgage, Carlisle Enterprises, and the law firms of Ferguson, Newborn & Weston and Nugent & Newnham.

Marie Prescott Properties purchased the property from The Shidler Group.

The Shidler Group is a national real estate organization that actively acquires commercial real estate.

***

What’s your opinion? Send your Letter to the Editor to newsroom@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription