In the News

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 …


Vom Fass Debuts in San Diego at The HUB Hillcrest Market

SAN DIEGO, Calif. — Vom Fass, a German-based retailer featuring flavor-infused oils, vinegars and spirits, has signed a lease for its first San Diego location at The HUB Hillcrest Market, formerly known as the Uptown District. The Heritage Group represented the landlord and the tenant, Full Glass Enterprises Inc., DBA Vom Fass, in securing a five-year lease. The 148,638-square-foot center is owned by Uptown District Regency, LLC and is anchored by Ralphs and Trader Joe’s. The Uptown District was recently rebranded as The HUB and is under renovation to represent more of a public gathering spot with various enhancements and …


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 …

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