Mitchell Int’l Building gets new owner

Foreign entity relinquishes control

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Grubb & Ellis/BRE Commercial arranged the sale of the Mitchell International Building in Scripps Ranch, Calif., for $17.9 million. Located at 9970 Carroll Canyon Road, the 81,881-square-foot office building was 100 percent leased at closing to Mitchell International, a provider of information products, software and eBusiness solutions for the insurance, collision repair, medical claims and glass replacement industries. The two-story property, which was built in 2000, is situated on 4.6 acres. RREEF, a full-service pension fund real estate investment advisor, purchased the property from Hibiscus Investments, a Japanese-based private investment company. San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage operating in San Diego and Riverside counties. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....