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Dollinger Lands Scripps Ranch Business Park for $23M
Scripps Ranch Business Park a 94,309-square-foot, fully leased R&D/industrial park in San Diego’s Scripps Ranch submarket, traded hands for $23.2 million. Dollinger Properties purchased the asset from a partnership between San Diego-based Hill Properties and RGA ReCap Incorporated (ReCap Real Estate Investments) on behalf of Reinsurance Group of America, Incorporated.
The property comprises five freestanding R&D/industrial buildings that are fully leased to five tenants, including Siemens, USPS and Apria Healthcare. Situated on 7.54 acres at 10060, 10070, 10080, 10090 and 10100 Willow Creek Rd., the business park is in an irreplaceable location along the Interstate 15 Corridor and accessible from all the major arterials that serve the area.
JLL’s Sach Kirpalani, Lynn LaChapelle and Bob Prendergast marketed the property on behalf of the seller.
Kirpalani says, “This disposition completed a portfolio break-up strategy that began when Hill Properties/RGA acquired a larger, nine-building portfolio approximately 30 months ago.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


