SAN DIEGO, CA – Confirming the demand for well-located real estate, JLL and Flocke & Avoyer Commercial real estate announced that Viewpoint Development has acquired a 4,000-square-foot restaurant building located on 1.74 acres at 4620 Pacific Highway in San Diego, California for $9 million.
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| Brian Quinn |
Viewpoint
Development will develop residential housing on the site recently occupied by
the iconic Perry’s Café restaurant with a portion of the historic cafe
repurposed as part of the project. The company is still going through design
approvals with the city for the new development.
JLL’s Brian Quinn and Steve Avoyer of Flocke & Avoyer Commercial Real Estate represented the seller, Georgakopoulus Family LLC, as well as Viewpoint Development in the sale.
“Despite the
economic and real estate challenges of this type of deal, we were able to work
with both sides to get the closing to the finish line,” said Quinn, JLL Senior
Vice President. “This was a collaborative effort by all parties to find the
right buyer while overcoming environmental and historic issues.”
Steve Avoyer
CONTACT:
David Ebeling
Ebeling
Communications
949.861.8351
949.278.7851
(Cell)
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