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Plaza Paseo Real Nets $50M

CARLSBAD, CA-A joint venture between Principal Real Estate Investors and Madison Marquette snaps up Plaza Paseo Real, a 147,000-sf neighborhood shopping center. The property is 98% occupied by retailers including Von's Pavilion and Ultra Star Cinema.

By Erin Cassin | Updated on January 06, 2004

CARLSBAD, CA-Madison Marquette and Principal Real Estate Investors have joined forces to acquire the Plaza Paseo Real retail asset here.

The firms’ joint venture partnership has shelled out $50 million for the 147,000-sf neighborhood shopping center, which is located at the northwest intersection of El Camino Real and Aviara Parkway. Anchored by Pavilions and UltraStar Cinemas, the property is currently 98% occupied.

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