Category Archives: News

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 …


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 …


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,” …


El Cajon Medical Building Sells For $3 Million

El Cajon –Sweetwater Plaza East, LLC and Fischbeck Family Trust sold the 15,193-square-foot two-building medical office complex at 250-260 E. Chase Avenue for $3.27 million. Kyle Clark, Senior Director of The Heritage Group, represented the Seller. The buyer, Thu Tran and Lisa Tran Trust, was represented by Jay Nelson of North Preston Properties. The medical office building, located in El Cajon, is currently occupied by Rady Children’s Physician Group, Chan Pediatric Dentistry, Anthony Prouse, DDS, SmallTalk Speech Therapy and other office tenants that serve the community. “I have been involved with this property since it was built by the Seller …


Beyond Land Adventures Dives into Sports Arena Retail Center

SAN DIEGO – Specialty diving and scuba retail store, Beyond Land Adventures, Inc. has signed a three year lease for $185,279 to occupy a 3,200 square foot retail space located at 3191 Sports Arena Blvd, San Diego, 92110. “The location for this specialized store is perfect, with easy access to major beaches, bays, and harbors directly north, west and south of the Sports Arena area,” said Kyle Clark, Senior Director at The Heritage Group. This transaction puts the retail center at 87% occupancy. Current tenants include Dunn Edwards Paints and Pet Kingdom.


Sigal Capital Inc. Takes Advantage of Rare Buying Opportunity in Point Loma

SAN DIEGO – Sigal Capital, Inc. purchases a fully leased building for $1,180,000.00. The 5073 square foot building is located at 3020-3022 Canon St., Point Loma, San Diego 92106. “Investment opportunities in Point Loma are rare. As the heart of the Village is being impacted by major developments in the area, an investment there has great potential for increased value.” said Kyle Clark, senior director at The Heritage Group. The rare property transaction in Point Loma Village is fully leased to local tenants, Point Loma Chiropractor and local favorite, Alfredos Pizzeria.


The Heritage Group Brings Experiential Retailers to Santee Station

SAN DIEGO – The Heritage Group signs John Szczepanowski and Kara Dodds and Associates as new tenants to Santee Station. Szczepanowski, dba Hot Yoga Santee signed a five-year NNN lease for $145,257.84. He plans on using the second floor 1,200 square foot space for hosting Hot/Bikram yoga classes. “A hot yoga studio at this brand new center increases the tenant mix at Santee Station to include a retailer who provides an experience for the neighbors,” said Kyle Clark, senior director at The Heritage Group. “Experience retailers are pivotal to the retail sector that is being impacted by increased online shopping.” …


HD Supply Expands in El Cajon

SAN DIEGO – HD Supply Construction Supply, LTD. has signed a NNN lease for a 15,789 square foot space at Raleigh Industrial Center in El Cajon with the help of The Heritage Group. Kyle Clark and Dan McCarthy, senior directors at The Heritage Group, represented the landlord, Propco, LP; while the leesee, HD Supply Construction Supply, LTD., a Florida limited partnership, represented themselves in this $659,566.50 deal. The 67-month term is expected to commence in October. “HD Supply has had a significant presence in the adjacent property. Their growth into our project was a natural fit for them,” said McCarthy. …


Santee Station Leases New Suites

SAN DIEGO – Whissel Realty and Mimi’s Nails signed five year leases at Santee Station with the help of The Heritage Group. DSD Commercial, DBA Whissel Realty, signed a $332,564.40 deal for the 2,088 square foot space located at 8840 Magnolia Ave., Santee, Calif. 92071. The transaction is for suites 110-120 in Santee Station. Kyle Clark represented the landlord, while Jeff Gilbert of Kidder Matthews represented the tenant. Tiffany Nho Le, DBA Mimi’s Nails, signed a $161,064 NNN lease for the 1,044 square foot space located at the new retail center. Kyle Clark represented the landlord during the transaction. Construction …


Crunch Fitness Expands Their Reach in San Diego

SAN DIEGO – Capital Fitness Group (CFG) is rapidly expanding their Crunch Fitness brand across the greater San Diego area.  CFG has signed four leases countywide in 2016 with the help of The Heritage Group and is looking to further their presence in other strategic locations before year end. According to John Romeo of CFG, “Crunch Fitness is a truly innovative business model within the health and fitness sector.  Their inclusive and economic approach to client fitness has fueled demand and CFG’s remarkable expansion of the Crunch concept in San Diego County.” Dan McCarthy, Senior Director at Heritage added, “CFG …

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