Article: Scripps Ranch Tech Center appearing on horizon next spring.(REAL ESTATE)(Brief article)

Opus West Corp. purchased an 11-acre parcel in Scripps Ranch for $10 million from Camarillo-based Semtech Corp. The land will be used as the site for a 157,000-square-foot, low-rise business campus with three two-story office and research and development buildings.

Groundbreaking for the Horizon Tech Center at Scripps Ranch is set for August, with completion in late spring 2008.

Chris Wood, vice president of Opus West's local office, said Horizon Tech Center will provide an exceptional, cost-effective location for a corporate campus or headquarters.

Wood anticipated leasing rates to be at least 75 cents per square foot lower than new four- to ...

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