In the News

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 …


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 …


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 …


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.  …

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