 |
| Gleb Lvovich |
NEWPORT
BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Quarry
Creek Plaza, a 15,690-square-foot retail center shadow anchored by
Albertsons in the Southern California coastal community of Oceanside.
The
HFF team marketed the property on behalf of the seller, Quarry Creek
Investors.
Completed
in 2003, Quarry Creek Plaza is 92.6 percent leased to a variety of internet-resistant
tenants, including Jamba Juice, Subway, Los Tacos, Poki Poki, Supercuts,
America Dry Clean, Happiness Nails and Smashburger. The center is shadow
anchored by Albertsons and is directly across from a Walmart Supercenter, both
of which provide a necessity-based “daily-needs” draw to the property.
Additional
shadow-anchors include PetSmart and Kohl’s, which have a regional
attraction. Quarry Creek Plaza is at 3460 and 3480 Marron Road where
Mason Road intersects with College Boulevard and is exposed to more than 51,000
vehicles per day.
The center is in Oceanside, a town 38 miles
north of downtown San Diego, at the entrance to The Preserve, a master-planned
community in Carlsbad with more than 570 homes under construction. More
than 119,318 residents earning an average annual household income of more than
$93,000 live within a three-mile radius of the center.
 |
| Mike Moser |
The
HFF retail investment advisory team representing the seller included Gleb
Lvovich along with Mike Moser, partner at Retail Insite, who worked
on the center leasing and assisted in deal execution.
“The
sale of Quarry Creek Plaza represents investor’s continued interest in
acquiring internet-resistant retail environments consisting of food and
services tenants,” Lvovich said.
Holliday
GP Corp. ("HFF") is a real estate broker licensed with the California
Department of Real Estate, License Number 01385740.
For more information on
this transaction, please contact:
KIMBERLY STEELE
HFF Digital Content/Public
Relations Specialist
(713) 852-3420
