SAN DIEGO—Jones Lang LaSalle vice presidents of retail brokerage Bryan Cunningham and David Thomas will recruit small shops and restaurants to three North County San Diego shopping centers on behalf of owners Regency Centers and partners World Premier Investments and United American Properties. The thriving centers, Grand Plaza, Nordahl Marketplace and El Norte Parkway Plaza, l have strong anchor tenants and are approximately 95 percent occupied..
§ GrandPlaza, a 356,600-square-foot community center located in San Marcos, Calif., featuresNordstrom Rack, Bed, Bath & Beyond, Sport Chalet, Marshalls, Petco and Sprouts Farmers Market. Owned by World Premier Investments and United American Properties and managed by NewMark Merrill Cos. Grand Plaza is the premier retail destination along the 78 Corridor.
§ Nordahl Marketplace, a 512,860-square-foot power center located in San Marcos, Calif., anchored by Walmart, Kohl's and Guitar Center. Owned by World Premier Investments and United American Properties and managed by NewMark Merrill Cos. Nordahl Marketplace has excellent access and visibility to State Route 78 and I-15 Freeway.
§ El Norte Parkway Plaza, a 90,550-square-foot strip center located in Escondido, Calif., anchored by Vons. Owned and managed by Regency Centers. El Norte Parkway Plaza is the dominant grocery destination for its trade area.
“San Diego's retail vacancy rate is low compared to the national average, and delivery of new space is limited. On a micro level, finding the right mix of tenants for these centers will be important for maintaining their places in their communities as go-to, diverse retail destinations with great occupancy levels,” said Cunningham. “We will focus on retail, service and restaurant tenants to generate daily traffic and create a dynamic shopping experience.”
For Nordahl Marketplace, once such service is a day care facility. Nordahl has a 7,000-square-foot-space available that is well suited to such a use.
Jones Lang LaSalle is a leader in the San Diego commercial real estate market. The firm employs approximately 120 of the area's most recognized industry experts offering services in brokerage, capital markets, facility management and project development services.
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