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15Sep

Escondido Industrial Building Sells for $2.17 Million

ESCONDIDO – Los Angeles-based The Palm Group, LP recently purchased the 13,768-square-foot single-tenant industrial building located at 2340 Meyers Ave. in Escondido for $2.17 million. The buyer and seller, Escondido-based HMT Properties, LLC, were represented by Mark Hoekstra, managing director at The Heritage Group. The property was purchased by The Palm Group, LP through a 1033 exchange out of Florida. The Meyers Avenue property is headquarters to HMT Electric, HMT Solar and HMT North. HMT is one of San Diego’s leading commercial electrical and solar contractors. “This location is key to HMT due to its easy access to both the …

23Jul

IAS Builders Leases 1,791-Square-Foot Space at Sweetwater Plaza East in National City

SAN DIEGO – Isaac Saucedo, dba IAS Builders, recently signed a three-year, $73,080 lease for a 1,791-square-foot space at Sweetwater Plaza East in National City. The three-year lease will begin on Dec. 1, 2015 IAS Builders specializes in residential interior and exterior projects. The Heritage Group represented IAS Builders and the property owner, Sweetwater Plaza East LLC, in securing the lease. Sweetwater Plaza East, located at 1717-1747 Sweetwater Road in National City, is a neighborhood retail center with tenants, such as Dunn-Edwards Paints, Goodyear, Taco Bell, Navy Federal Credit Union, Neighborhood National Bank and USA Credit Union. For more information …

15Jul

Superior Gainz Leases 1,140-Square-Foot Space at Midway Village Shopping Center

SAN DIEGO – Superior Gainz recently signed a three-year, $88,007 lease for a 1,140-square-foot space at the Midway Village Shopping Center on Midway Drive. The tenant will operate a vitamin and nutrition supplement business catering to athletes and other fitness-minded customers. Kyle Clark, senior director at The Heritage Group, represented the owner of the property, Sunset Waste Holdings, in securing the lease. Sunset Waste Holdings LLC recently purchased the 29,718-square-foot Midway Village Shopping Center for $6.2 million. The center, which is anchored by Taco Bell and Wings N Things, is located at 3146-3194 Midway Drive in the Midway District trade area. …

13Jul

San Diego’s Midway District Poised for Growth

SAN DIEGO — Recent activity in San Diego’s Midway District reflects a renewed interest in capital investment in the area, and is a signal of a robust economy, said Kyle Clark, senior director at The Heritage Group. The Heritage Group, a full-service real estate management and investment advisory firm, has been involved in multiple projects within the Midway trade area, including the recent $6.2 million sale of the Midway Village Shopping Center.  The Midway District boundaries include Interstate 8 to the north, Interstate 5 to the east, Laurel Street to the south, and Rosecrans Street/Midway Drive to the west. “The …

23Jun

Santee City Council Approves Santee Station for Development

SANTEE, Calif. — The Santee City Council recently approved the Santee Station for the development of a 16,942-square-foot, four-building commercial center, located on 2.65 acres at 8866 North Magnolia Ave. in Santee. “This is a significant step in the ownership’s plans to develop this important site,” said Kyle Clark, senior director at The Heritage Group. “We have been working with the key tenants for 18 months to finalize a workable site plan and design. Fortunately, we were able to put a package together that will allow the Omelette Factory to stay in Santee.” The buildings are anticipated to be completed …

11Jun

Public Consulting Group Signs $4.6 Million Lease in El Cajon

EL CAJON – Public Consulting Group recently signed a six-year, $4.658 million lease for a 30,000-square-foot space at 151 Van Houten Ave., El Cajon. Public Consulting Group is a management consulting firm based in Boston, Mass. with offices nationwide, as well as in Canada and Europe. Kyle Clark, senior director at The Heritage Group, represented the owner of the property, 151, LLC, in securing the lease. Public Consulting Group was represented by Ron Miller of Colliers International. This building was occupied by the County of San Diego HHSA for the past 25 years. “This has been an opportunity to remodel …

11Jun

Midway Village Shopping Center Sells for $6.2 Million

SAN DIEGO – Sunset Waste Holdings LLC recently purchased the 29,718-square-foot Midway Village Shopping Center for $6.2 million. The buyer was represented by Kyle Clark, senior director at The Heritage Group. The seller, Pacifica Woodside LP, was represented by Reg Kobzi and Joel Wilson of CBRE. “The new owner is a local resident with ties to the local community,” Clark said. “The center has historically enjoyed strong occupancy. It is the best strip center in the area in terms of design, location and tenant mix. The number of restaurant uses is a unique aspect that provides a consistent draw for …

11Jun

Civilian Leases 5,348-Square-Foot Space on Historic Decatur Road

SAN DIEGO – Civilian, Inc. recently signed a five-year, $1.001 million lease for a 5,348-square-foot space at 2468 Historic Decatur Road in Liberty Station. Civilian, formerly AdEase, is a full-service marketing organization. Kyle Clark, senior director at The Heritage Group, represented Civilian in securing the lease. The owner of the property, McMillan NTC 905, LLC, was represented by Scott Kincaid of CBRE. “At the beginning of the year, Civilian changed their name to reflect their renewed approach to their business. Now they will have a state-of-the-art facility to complement that approach,” Clark said. This 36,009-square-foot office building is located on …

11Jun

Accumen Leases 1,201-Square-Foot Space on Alvarado Road in Central San Diego

SAN DIEGO – Accumen recently signed a five-year, $142,615 lease for a 1,201-square-foot space at the Alvarado Medical Plaza III in the College Area. Accumen operates medical lab draw stations and patient service centers in conjunction with Sharp Laboratory Services. Dan McCarthy and Kyle Clark, senior directors at The Heritage Group, represented Accumen in securing the lease at 6719 Alvarado Road, Suite 203. The owner of the property, Alvarado Road 6719, LLC, was represented by Voit Real Estate Services. “We were able to find Accumen the medical space they were looking for without compromising on a location that serves their …

11Jun

Oak Group Acquires Interplaza West for $5.25 Million

GOLDEN, Colo. – Oak Group LP has purchased the 13,865-square-foot Interplaza West shopping center at 16950 W. Colfax Ave. in Golden, Colo. for $5.25 million. Oak Group LP, a Los Angeles-based investment partnership, was advised by Mark Hoekstra, managing director of The Heritage Group, a San Diego-based commercial real estate and investment advisory firm. Jeffery Hallberg of Ascent Property Advisors represented James R. and Nancy W. Chiamulon in the sale of the property. “This is the latest transaction in the Heritage Group’s approach to restructure a portfolio of single-tenant net leases, taking advantage of a robust single-tenant market and selling …

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