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| Omar Hussein |
La
Quinta, CA —Beacon Realty
Advisors, a San Diego-based retail and mixed-use
firm focused on leasing, investment and asset management, has announced the
acquisition of Jefferson Square, a partially built open-air retail
center on approximately 10 acres in the Coachella Valley city of La Quinta,
California.
Beacon Realty
Advisors acquired the property with JV partner Carolina
Capital Real Estate Partners of Charlotte, NC
from its original developer Regency Centers.
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| Jefferson Square aerial, La Quinta, CA |
“Jefferson
Square sits on a hard corner in an affluent and expanding region," notes Omar
Hussein, Founder and Principal of Beacon Realty Advisors.
" Platted
into seven separate parcels, this property offers our firm a unique opportunity
to create an in-demand, mixed-use asset that incorporates the center’s existing
essential retail tenants with other uses.”
The property, located at Fred Waring Drive and Jefferson Street in the heart of La Quinta, is currently anchored by a CVS Pharmacy.
CONTACTS:
Katie Haga / Jenn Quader
(949) 438-6262
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