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Monday, Sep 26, 2022
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Shidler Group Makes Another Arden Buy

The Shidler Group announced Dec. 20 that its affiliates have purchased a 15-building portfolio, containing more than 1 million square feet of office properties in San Diego, Orange and Los Angeles counties, for $187 million.

The seller is Arden Realty Inc., a fully integrated real estate company based in Los Angeles.

Three of the projects, containing four buildings, are in San Diego County , the Carlsbad Corporate Center on Camino Vida Roble; 13550 Stowe Drive in Poway; and two buildings at 10965-10993 Via Frontera in San Diego.

The portfolio is 85 percent occupied and houses 121 tenants that represent health care, technology, financial services and other industries.

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“This represents the second portfolio of 1 million or more square feet that the Shidler Group has acquired from Arden Realty,” said Matt Root, a Shidler partner. “We continue to remain very bullish on the long-term benefits of being invested in quality properties throughout Southern California.”

A national real estate firm, the Shidler Group has its Western regional headquarters in San Diego.

, Pat Broderick

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