In the News
15Dec

San Jose Dollar Tree Sold for $4.95 Million

SAN JOSE, Calif. — Oak Group LP has sold the 18,511-square-foot Dollar Tree at 2155 Tully Road in San Jose for $4.95 million. Oak Group LP, a Los Angeles-based investment partnership, was advised by Mark Hoekstra, managing partner of The Heritage Group, a San Diego-based commercial real estate management and investment advisory firm. Strong market conditions dictated the timing for this sale, which will allow the seller to do a 1031 exchange into a more opportunistic property. “This property sold for more than its listing price and was under contract within one week of listing,” Hoekstra said. “We were able …

13Dec

Heritage to Manage Newly-Renovated Kearny Mesa Office Building

Premier Medical Institute completed a $5 million rehabilitation in 2014 SAN DIEGO, Calif. — The Heritage Group, a San Diego-based commercial real estate management and investment advisory firm, has taken over the management of the Premier Medical Institute in Kearny Mesa. The Premier Medical Institute, located at 7625 Mesa College Drive, was purchased in December 2012 by Dr. Scott P. Leary, a board certified neurosurgeon with a fellowship in complex spine surgery. The property then underwent a $5 million rehabilitation that concluded in 2014. “This highly-visible asset represents a rare opportunity to create a state-of-the-art medical office building with direct …

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