SAN DIEGO-JH Real Estate Partners, Newport Beach, has acquired a 125,661 square foot shopping center in San Diego County for $35 million, or $279 per square foot.
San Carlos Shopping Center, is located at the Navajo Road exit of the 125 Freeway in the Lake Murray section of San Diego. The center is currently 81% leased to a variety of tenants including Walgreens, LA Fitness, Chase Bank and Starbucks.
JH Real Estate Partners acquired the asset in an off-market transaction from an East Coast seller who had acquired the center in 2006.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
