Category Archives: News
22Jun

Caliber Collision Signs $2.3M Lease at South County Autoplex

SAN DIEGO – Caliber Bodyworks, Inc. dba Caliber Collision signed a $2,310,705.37 10-year lease to occupy a 14,606-square-foot retail space at South County Autoplex. Kyle Clark, Dan McCarthy and Lev Mizan of the Heritage Group represented the Lessor, Autoplex Broadway, LLC, while the Lessee represented themselves. South County Autoplex is comprised of five single-story buildings. Caliber Collision plans on occupying the entire building, located at 1421 Broadway in Chula Vista, as well as part of the parking lot to bring their autobody services to the area. Other tenants at the autoplex include: AAMCO,  4 Wheel Parts ,and Safelite Auto Glass. …

30May

San Diego Commercial Real Estate Firm Buys Old Poway Village for $6.9 Million

POWAY – The Heritage Group recently purchased Old Poway Village, located at 14005-14055 Midland Road, from Old Poway Village, LLC for $6.9 million. Both parties were represented by Mark Hoekstra and Rocco Cortese, managing directors at The Heritage Group. This is the first property purchased under the real estate company’s new Heritage Core Value Fund. “This acquisition fits well within our Fund strategy to acquire specialty retail.” Cortese said. “We’ve done some leasing in the past few months and the momentum at the property is strong. The Heritage Group has been leasing and managing the 27,453-square-foot, multi-tenant retail and office …

25May

Old Poway Villages Adds Three New Tenants to Center Mix

SAN DIEGO – The Heritage Group brings new tenants to round out offerings at Old Poway Village. Kyle Clark, Lev Mizan and Dan McCarthy, of The Heritage Group, represented the Lessor and Lessees in the transactions. Ocean Retreat Nail Spa signed a 62-month lease for the 982-square-foot retail space for $118,869.36. The owners of the salon are relocating from Georgia and have 15 years of experience as nail technicians. The business will focus on pedicures and manicures, offer some esthetician services, and light massage. They plan to incorporate the colors and theme of the ocean into the space to create …

23May

Santee Station Expands Their Offerings with Two New Tenants

SAN DIEGO – The Heritage Group brokered deals for Fancy Penguin Gaming and Goodman Dental Corp to set up shop in Santee Station. Kyle Clark and Lev Mizan, both of The Heritage Group, represented the Lessor and Lessee in securing the $187,878 net retail lease for Fancy Penguin Gaming. The gaming store signed a 62-month deal for the 1,160-square foot space, located at 8840 Magnolia Ave, Suite 140, Santee. Fancy Penguin Gaming opened their first brick and mortar store for sales of card, board, and role-playing games. They will also be conducting group games and competitions. Clark also represented the …

18May

The Heritage Group Forms Discretionary Real Estate Fund

SAN DIEGO – San Diego-based The Heritage Group has launched its first fund product, The Heritage Core Value Fund. The real estate firm is planning a $50 million equity raise for the Core Value Fund. With leverage in place, the company expects a total capitalization of the fund to be in the range of $100 million to $125 million. Target investors in the Fund will include a mixture of high net-worth individuals, family offices, trusts and Registered Investment Advisors. “Based upon our growth as well as the success we have had making individual investments for our current clients, a discretionary …

18Apr

Local Commercial Real Estate Firm Closes $2.5 Million Deal in Texas

SAN DIEGO – San Diego-based company, The Heritage Group, assisted Daniel R. Bond Separate Property Trust in purchasing a Chili’s Grill & Bar for $2,421,053 in Ft. Worth, Texas. Kyle Clark – senior director at The Heritage Group – represented the buyer, while Alvin Mansour of The Mansour Group represented the seller, GL ATC No 2, Ltd. The property was purchased as part of a 1031 tax-deferred exchange resulting from the sale of a local commercial property. The building, located in the Alliance Town Center at 9201 Sage Meadow Trail, is currently occupied and operated by Chili’s Grill & Bar.  …

13Apr

Golden Spoon Sets Up Shop in Old Poway Village

SAN DIEGO – Madhaydyl, LLC, LLC, dba Golden Spoon signed a 50-month lease for $84,914.94 with Old Poway Village Center, LLC. The lease for the 640-square foot retail space is set to commence May 1. Lev Mizan and Dan McCarthy, both of The Heritage Group, represented the tenant and landlord in the transaction. The Golden Spoon franchisee will be opening a location on the southwest corner of the property. “Adding Golden Spoon to Old Poway Village will not only be a tremendous benefit to the community, but it also represents another step we are taking to shape and re-position this …

11Apr

Attorneys Funding Group, Inc. Opens First San Diego-Based Branch in Old Poway Village

SAN DIEGO – Attorneys Funding Group, Inc. signed a 37-month lease for $90,780.36 to occupy a 1,186-square foot office space in Old Poway Village. Lev Mizan and Dan McCarthy, both of The Heritage Group, represented the lessor, Old Poway Village Center, LLC; Brian J. Clark, owner of Attorneys Funding, represented himself in the transaction. The office, located at 14005-A Midland Rd., Poway CA 92064, is on the back side of the property. Attorneys Funding is a mortgage lender based out of Roseville, Calif.  This is their first location of their San Diego branch. “Attorneys Funding is an excellent operator to …

6Apr

Digital Marketing Group Relocates to Bankers Hill

SAN DIEGO – Awlogy, LLC signed a five year, $301,272 gross lease with Sutter Uptown, LP to occupy their 2,700-square foot office space in Bankers Hill. Kyle Clark of The Heritage Group represented Awolgy, LLC, while Bud Marsh of Colliers Int’l represented Sutter Uptown, LP. Awlogy, LLC is a marketing and digital media group with offices in Los Angeles, Las Vegas and San Diego. The marketing company’s San Diego branch is relocating from Hillcrest to occupy the space located at 2970 5th Ave., Suite 240. The 17,441 square-foot office building is currently 100% leased. Other tenants include: Taylor & Pond, …

5Apr

James Fread Agency, Inc. Buys $605k Office Building

SAN DIEGO – James Fread Agency, Inc. purchased a 3,745-square foot office building for $605,000 from Cloyd 1999 Revocable Family Trust. Kyle Clark and Dan McCarthy – senior directors at The Heritage Group – represented the seller, while Jamie Hopkins of Team Metro Real Estate represented the buyer in brokering the deal that commenced on March 16, 2017. James Fread Agency, Inc. is taking over a three-tenant office building, located at 9925-9929 Channel Rd., Lakeside, Calif., as an investment opportunity. The building is currently 100% occupied by two dental practices and a property management company. “Our seller’s goal was to …

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