The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 22, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Tooley Interests Picks Up 59k sf Grocery-Anchored Center in Carlsbad


Tooley Interests LLC paid $23.5 mil for Carlsbad Village Plaza, a 58.7k sf ($400/sf) retail center anchored by Smart & Final Extra! in Carlsbad. The asset was sold by Balboa Retail Partners.

As one of only two grocery-anchored centers in Carlsbad located in a high barriers-to-entry location west of Interstate 5, Carlsbad Village Plaza houses the trade area’s only existing grocery option, Smart & Final Extra!. The retail center is also home to a diverse mix of national and local retailers, including Texas Wine & Spirits, Ace Hardware, Carlsbad French Pastry Café, MPower Pilates, Carlsbad Village Pharmacy, El Puerto Restaurant and Mikko Sushi Restaurant.

Carlsbad Village Plaza is situated on 4.11 acres at 945-1065 Carlsbad Village Dr in Carlsbad, a coastal community 40 miles north of downtown San Diego. The center is just off the Interstate 5 Fwy, providing visibility to more than 212,000 vehicles per day, in addition to the 30,708 vehicles that travel Carlsbad Village Drive daily. The center pulls from a trade area that includes 15,172 residents with an average annual household income of $106,115 within a one-mile radius.

Gleb Lvovich, Geoff Tranchina and Daniel Tyner with JLL Retail Capital Markets advised the buyer in the deal. According to Lvovich, coastal grocery-anchored shopping centers continue to be in high demand with extremely limited supply, especially for sites with long-term redevelopment potential.

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media