In the News
15Dec

Heritage Group Closes Sale of Los Angeles Commercial Office/Warehouse Space

The property at 5057 W. Washington Street sold for $2.3 million SAN DIEGO, CA—The Heritage Group recently closed the sale of a 16,740 s.f. mixed use commercial office-warehouse space in the Los Angeles area. The building sold for $2.3 million in late March. Heritage Group represented the seller, 5057 Washington, LLC, in the transaction. The two-story property offered amenities to include close proximity to the 10 freeway and public transportation; gated and secured private parking; multiple usage opportunities and more. “Heritage took a grass-roots approach to marketing this property for the seller by contacting local brokers, owners and users directly, …

15Dec

Heritage Closes Acquisition in Arizona Sale Leaseback Agreement

Sonic Machine signs five-year lease agreements on two properties SAN DIEGO, CA—The Heritage Group represented Oak Group LP in the successful acquisition of two industrial buildings, totaling 23,000 s.f. combined. The properties, located in Tempe, Arizona, were purchased for approximately $2.2 million from Sonic Machine, who subsequently leased them back on a five-year NNN lease. The lease agreement also included option for the purchase of two additional parcels of land totaling 1.3 acres for future development. “Oak Group LP was in a 1031 Exchange and our firm was able to negotiate the acquisition as well as the new lease.” said …

15Dec

Heritage Represents Landlord in Successfully Renewing Big Lease

Tap Automotive renews lease on 90,000 s.f. San Diego space SAN DIEGO, CA—Tap Automotive, the parent corporation of 4-Wheel Auto Parts, has opted to renew its lease at the Salt Creek Industrial Center in Chula Vista, CA. The Heritage Group represented the landlord, Adaya Asset Boswell West, in securing a five-year, $2,231,000 lease renewal for the 90,000 s.f. space. “Tap Automotive is currently the property’s largest tenant. They have occupied the property since the year 2000 and their tenancy has been an important aspect of the property’s success,” said Mark Hoekstra, Heritage Group Managing Partner. “This lease extension solidifies their …

15Dec

Heritage Group Expands Footprint in San Diego Market, Lands Two Advisors from Cushman & Wakefield

Kyle Clark and Dan McCarthy join The Heritage Group team SAN DIEGO, CA—The Heritage Group, a full-service commercial real estate management and advisory firm, has added two new advisors to their San Diego office. Kyle Clark and Dan McCarthy, both most recently with Cushman & Wakefield, join The Heritage Group as Senior Directors. Mr. McCarthy and Mr. Clark join a rapidly-expanding Heritage Group office, which recently relocated its office to 610 W. Ash Street, which was the first home to Burnham Real Estate. Since Q4 2013, Heritage has nearly doubled its leasing and managing portfolio to 39 properties and 1,500,000 …

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