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Murphy Development Acquires 31 Acres in Scripps Ranch Business Park From Intel Corporation

SAN DIEGO – Murphy Development, a long-time San Diego developer, has purchased 30.9 acres in the Scripps Ranch Business Park from Intel Corporation.  The central San Diego property includes five finished lots ranging from 4.6 to 8.2 acres. Chris Pascale and Brent Wright of CBRE represented Intel, which purchased the property in 2000 for $28 million and, at one time, had plans to construct a million square foot corporate campus.