Category Archives: News
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 …

4Apr

New Tenant Adds BMW Services to South County Autoplex

SAN DIEGO – Supertech Autowerks, LLC. signed a $67,215.96, 37-month lease with Autoplex Broadway, LLC to open a new BMW retail shop at South County Autoplex. Lev Mizan, broker associate at The Heritage Group, and Dan McCarthy, senior director at The Heritage Group, assisted in brokering the deal. The lease for the 2,131-square foot space, located 1403 Broadway, Suite 110, in Chula Vista, will commence April 1. The owners of Supertech Autowerks have over 25-years of experience working on BMWs. “The addition of a BMW specialist to the South County Autoplex rounds out the scope of automotive related services at …

16Mar

CrossFit to Move into Sports Arena Square

Troy Athletics, LLC signed a 36-month office lease in the city-owned Sports Arena Square for a total value of $168,393.72. Dan McCarthy and Kyle Clark, senior directors at The Heritage Group, represented both the lessee and lessor on the deal that is scheduled to commence on April 1, of this year. The 3,999-square foot space is located at 3350 Sports Arena Blvd, Suite H-3, San Diego 92110. Troy Athletics, LLC will be opening Troy CrossFit. Located just east of the Valley View Casino Sports Arena, the city is utilizing the space at Sports Arena Square to bring unique businesses to …

2Mar

Nexus Physical Therapy Set to Open Seventh Location in Point Loma

SAN DIEGO – Nexus Physical Therapy signed a 61-month lease with Abrosa Realty, LLC for $481,939 to occupy a 4,705-square foot space in Scandia Plaza. Kyle Clark and Dan McCarthy, senior directors at The Heritage Group, represented the Lessor. The Lessee was represented by Todd Bulich in the NNN office lease transaction. The neighborhood retail center, located at 3191 Sports Arena Blvd, Suite B, San Diego, CA 92110, is home to tenants such as Dunn-Edwards Paints and Pet Kingdom and Fitzee Foods. The addition of Nexus Physical Therapy puts the center at 100% occupancy. “This will be Nexus P.T.’s seventh …

27Feb

Rady Children’s Hospital Signs New Lease in Santee

SAN DIEGO – Rady Children’s Physician Management Services signed a $956,008.28 modified-gross office lease with lessor, Flores Family Trust. The two parties agreed to a 100-month term that will begin this summer. Kyle Clark and Dan McCarthy, senior directors at The Heritage Group, represented the Lessor, while Chris Ross of Jones Lang LaSalle represented the Lessee. Rady Children’s Hospital has secured a lease at Cuyamaca Commons to improve the office space for use as a pediatric medical facility. This first-floor space will likely open Summer 2017. The 4,032-square foot space is in an office condominium building at 9600 Cuyamaca Street, …

2Feb

The Heritage Group to Manage Oceanside Marketplace

SAN DIEGO – The Heritage Group recently picked up the leasing assignment at Oceanside Marketplace to their already robust list of agency listings. “Oceanside Marketplace benefits from an excellent location, great freeway access, and strong anchor tenants who provide a draw to the center” said Lev Mizan, broker associate with The Heritage Group. “We look forward to bringing a new energy to the marketing effort at the property.” The 36,241-square foot shopping center currently has 17,620-square feet available, with 7,158-square feet of retail space on the first floor (smallest space being 1,078 square feet) and 10,462-square feet of office space …

31Jan

Mortgage Company Moves to Mercado Shopping Center

SAN DIEGO – America Choice Marketing recently signed a 30-month, $89,669.82 deal with Mercado Shopping Center, LLC to occupy a 1,249-square foot space at the center. Dan McCarthy, senior director at The Heritage Group, assisted in brokering the deal which commenced on December 1, 2016. The mortgage company is taking over a second-floor office suite – suite 201 – in the shopping center. Located at 11828 Rancho Bernardo Rd., the Mercado Shopping Center is currently 99% leased, boasting a mix of specialty retailers and services. “The addition of a mortgage company rounds out the services now available in this neighborhood …

24Jan

San Diego Company Closes $1.45 Million Deal in Salt Lake City

SAN DIEGO – Local commercial real estate company, The Heritage Group, penetrated the Salt Lake City market by closing a $1.45 million deal. Fischbeck Family Trust, represented by Kyle Clark of the Heritage Group, purchased the single-tenant retail building housing Dollar Tree from Exchange Resources, Inc. The 8,326-square foot space is located at 477 North 300 West and is currently occupied by Dollar Tree, who has a long-term lease at the location. Fischbeck Family Trust, UDT dated June 27, 2002, completed the 1031 transaction to acquire the Dollar Tree location. “Trustees of the Fischbeck family were looking for a quick …

5Dec

Point Loma Building Welcomes New Health and Wellness Tenant

SAN DIEGO – Tiewei Zhang, dba irelaxing Massage, signed a five-year retail net lease for $229,800 at 3020 Canon Street in Point Loma. Kyle Clark, senior director at The Heritage Group, represented both Zhang and the lessor, Sigal Capital, Inc. The Heritage Group is assisting irelaxing in its expansion to multiple markets throughout San Diego county. Their newest destination in Point Loma will replace a local community chiropractor and athletic rehabilitation therapist. The Canon street building was recently purchased with the help of Clark, who was then asked to represent the new owner in securing a tenant replacement. “The deal …

9Nov

Old Poway Village Leases Storefront Location to Bridal Retailer

Poway, Calif. – Bridal retail shop, Tour of Elegance has signed a five-year lease for $122,326 to occupy a 1,006-square foot retail space located at Old Poway Village, 14007 Midland Rd, Poway, CA 92064. Dan McCarthy and Kyle Clark, both senior directors at The Heritage Group, represented the lessor, Old Poway Village Center, LLC, in the deal. The retail lease is set to commence on December 1st of this year. “The addition of A Touch of Elegance is yet another step in repositioning the center as a destination location that connects unique tenant services to the needs of the community,” …

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