In the News

Heritage Core Value Fund Buys San Marcos Square for $4.25 M

SAN DIEGO –San Diego-based Heritage Core Value Fund, LP has recently purchased San Marcos Square for $4,250,000. Matt Hardy and Matt LoPiccolo represented the Costa Mesa-based seller, S&C San Marcos, LLC, for the transaction. The 19,274-square-foot retail property is comprised of three buildings and sits on 37,897-square-feet of land. The property – located at 156-190 S. Rancho Santa Fe Road in San Marcos – is anchored by US Bank and includes additional tenants such as Rossi’s Pizza, San Marcos Dental, CTP Computers, Crispy’s Donuts, Cole & Associates, and Adobe Lock & Safe. Prior to the sale, the same family owned …


Korean BBQ Signs $1.9 M Lease at Mercado Shopping Center

SAN DIEGO – Yong Cheol Chi and Heesun Cha recently signed 10-year, $1,994,204 deal with Mercado Shopping Center, LLC to occupy a 5,168-square-foot space at the center. Kyle Clark, Dan McCarthy and Lev Mizan of The Heritage Group represents the Landlord, Mercado Shopping Center, LLC. The San Diego-based tenant, a Korean BBQ operator, was represented by Dennis Yoon of Allen C. Townsend and Associates. The space, centrally located within the Mercado, will be fully upgraded, complete with copper hoods suspended over the in-table grills and outdoor seating, allowing the interactive dining experience to ignite intrigue amongst patrons of the Mercado …


Caliber Collision Signs $2.3M Lease at South County Autoplex

SAN DIEGO – Caliber Bodyworks, Inc. dba Caliber Collision signed a $2,310,705.37 10-year lease to occupy a 14,606-square-foot retail space at South County Autoplex. Kyle Clark, Dan McCarthy and Lev Mizan of the Heritage Group represented the Lessor, Autoplex Broadway, LLC, while the Lessee represented themselves. South County Autoplex is comprised of five single-story buildings. Caliber Collision plans on occupying the entire building, located at 1421 Broadway in Chula Vista, as well as part of the parking lot to bring their autobody services to the area. Other tenants at the autoplex include: AAMCO,  4 Wheel Parts ,and Safelite Auto Glass. …


San Diego Commercial Real Estate Firm Buys Old Poway Village for $6.9 Million

POWAY – The Heritage Group recently purchased Old Poway Village, located at 14005-14055 Midland Road, from Old Poway Village, LLC for $6.9 million. Both parties were represented by Mark Hoekstra and Rocco Cortese, managing directors at The Heritage Group. This is the first property purchased under the real estate company’s new Heritage Core Value Fund. “This acquisition fits well within our Fund strategy to acquire specialty retail.” Cortese said. “We’ve done some leasing in the past few months and the momentum at the property is strong. The Heritage Group has been leasing and managing the 27,453-square-foot, multi-tenant retail and office …

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