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May 29, 2020
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San Diego Area Retail Center Trades in Deal Worth Over $13 Mil

5/05/20

Escondido Town & Country, a 70k sf, neighborhood shopping center in Escondido, sold for $13.25 mil, or $189/sf. Located at 1625 to 1665 East Valley Pkwy, east of I-15 and just south of Washington Ave, the asset was acquired by JH Real Estate Partners.

Built in 1973, the two-building asset is situated on just under eight acres. The center is occupied by Ross Dress for Less and Big Lots, among other local and regional tenants. Escondido Town & Country is within a densely populated north San Diego County area with more than 185,092 residents in a five-mile radius and an average daytime population of 74,297.

Rob Ippolito, Glenn Rudy and John Jennings and Pete Bethea with Newmark Knight Frank represented the seller, GFC Glendale Associates LLC. The buyer was self-represented.




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