Shidler Group sells California business park

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The Shidler Group has sold the three-building, 141,000-square-foot Pacific Point Business Park in Sorrento Mesa area of San Diego. The value of the transaction was $30.7 million. The three buildings in the business park, located on Pacific Center Blvd., have square footages of 54,712, 44,869 and 41,340 square feet. San Diego-based QUALCOMM Inc., a developer of digital wireless communications products and services, purchased the asset. At the time of the purchase, Gamma-Metrics, Tachyon Inc. and Fujitsu Transaction Solutions were the primary tenants at Pacific Point. Fujitsu recently signed a 63-month lease for 37,886 square feet of office and R&D space at the Sorrento Tech Business Park, a nearby property that is also part of the Shidler R&D portfolio. Gamma-Metrics and Tachyon have relocated elsewhere in Sorrento Mesa and QUALCOMM will now occupy 100 percent of Pacific Point Business Park. *** What's your opinion? Send your Letter to the Editor to