In the News

El Cajon Industrial Property Acquired for $5.7 Million, Available for Immediate Lease

SAN DIEGO, CA—Propco LP of Solana Beach has acquired a 70,713 s.f. industrial property in El Cajon for approximately $5.7 million. Rocco Cortese, Managing Partner of The Heritage Group, advised the buyer in its purchase of the property. Heritage will also manage and lease the property, located at 474-500 Raleigh Avenue. The seller, M. House Family LP, was represented by Cassidy Turley. The property is currently 100 percent leased and occupied. One suite totaling 31,250 s.f. is available for immediate lease, though the tenant’s lease does not expire until mid-2015. Current tenants include Ametek Inc. and Triumph Fabrications. The property …


Industrial Park on Raleigh in El Cajon sells

The 70,713-square-foot industrial business park, at 474-500 Raleigh Ave. in El Cajon 92020, has been sold for $5.77 million, cash. The buyer was Propco LP, c/o Lomas Santa Fe Inc., 265 Santa Helena, Suite 200, Solana Beach 92075, Attn.: Patrick Canals. The seller of the property (assessor’s parcel 487-121-88) was M. House Family LP. Cassidy Turley Managing Director Bryce Aberg and Senior Vice President Brant Aberg — along with James Renner, president of Inland Pacific Commercial Properties– represented the seller. The buyer was represented by Rocco Cortese, of Heritage Capital Advisors. Built in 1971, the property occupies a 4-acre site …


Largest Space in Core Pacific Beach Commercial District Becomes Available for Lease

The property at 1211 Garnet Avenue, currently housed by Trader Joe’s, will be available for lease beginning fall 2015 SAN DIEGO, Calif.—One of Pacific Beach’s prime retail spaces is hitting the market. Trader Joe’s will vacate its space in Pacific Beach in fall 2015 and will relocate to a new location, currently under renovation, at Garnet and Ingraham. The 12,500- square-foot space where Trader Joe’s is currently located, 1211 Garnet Ave., is the only property over 5,000 square feet available in the Pacific Beach commercial district. The Heritage Group (Heritage), who manages and leases the property, will be accepting and …


Advertising Agency Leases Space at 4110 Mission Blvd.

SAN DIEGO, Calif.— Label Creative, a digital marketing agency focusing on web design and development, branding and video production, is relocating to Pacific Beach Promenade, occupying the space at 4110 Mission Blvd., Suite 105. Kyle Clark, Senior Director with The Heritage Group, represented both the landlord and tenant in securing a one-year lease for the 1,130 s.f. space. The building, leased by Promenade Mall Development Corporation, is now at 97 percent occupation and houses other tenants to include Tony Roma’s Steakhouse, State Farm Insurance, Beachwood and more. ### The Heritage Group is a full-service commercial real estate management and investment …

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