Friday, August 16, 2024

Viewpoint Development acquires iconic restaurant building in San Diego’s Old Town area for $9 million

  

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. 


 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.


 Steve Avoyer 
“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.”

 

CONTACT:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry: 

I do what I love and love what I do.”

 

 

 

 

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