In the News

Property on State Street Acquired for $1.75 Million

SAN DIEGO, Calif. —A property at 1241 State Street in San Diego has been acquired for about $1.75 million. The Heritage Group, which occupied the property prior to the sale, advised the seller in the purchase of the property. Robert Charles Class E LP sold the property to 1241 State Street LLC on March 5. “Not only did we help our client to acquire the property but we also performed the leasing, onsite management, and oversaw the design and construction of the seismic upgrades,” said Mark Hoekstra, managing partner at Heritage Group. “In addition to performing these services, we enjoyed …


70-unit Multifamily Property Sells for $3.05 Million

GLENDALE, Ariz.— Gilmore Family Trust acquired a 70-unit multifamily property in Glendale, Ariz. for $3.05 million. The seller was CalCap Property Group. Glenn Gilmore, senior director at The Heritage Group, represented the buyer in the sale. The property was built in 1984 and is located at 5712 North 67th Ave. It is 97 percent occupied and has 44 one-bedroom, one-bathroom units and 26 two-bedroom, two-bathroom units. “This is the second apartment property and seventh asset The Heritage Group has acquired for a 1031 exchange investor this year,” Gilmore said. The apartment building was acquired as a result of the sale …


The Omelette Factory Leases 4,030-Square-Foot Space in Santee

Magnolia Avenue shopping center to open in fall 2015 SANTEE, Calif. – The Omelette Factory recently signed a 15-year, $1.35 million lease for a 4,030-square-foot build-to-suit space at a new retail center located at 8866 North Magnolia Ave. in Santee. Kyle Clark, senior director at The Heritage Group, represented the owner and tenant in securing the lease. Cameron Brothers Construction Co. owns the property and is negotiating with other tenants, including a national coffee retailer. “The now-completed 52 freeway terminates at the intersection of Highway 67, Magnolia Avenue and Prospect Avenue, creating a revitalized eastern gateway to the city of …


Heritage Group Announces New Portfolio Manager

Travis Gorzeman joins The Heritage Group team SAN DIEGO, Calif.—The Heritage Group, a full-service commercial real estate management and advisory firm, has named Travis Gorzeman as portfolio manager. Gorzeman will be responsible for overseeing The Heritage Group’s Southern California commercial real estate portfolio, with a focus on maintaining strong relationships with clients and tenants, tight administrative and accounting controls and developing new business opportunities through his extensive national network of relationships. Prior to joining Heritage, Gorzeman was a senior real estate manager at CBRE. In the years prior to that, he was a property manager at Equity Office, property manager …

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