Lee & Associates – North San Diego County and Arizona team up to Negotiate $53.4 Million Sale of San Marcos Retail Center
San Marcos, Calif.—March 6, 2015—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $53.4 million sales transaction for Campus Marketplace, a 144,286 square foot, seven building retail center. The center, located across the street from California Sate San Marcos on South Twin Oaks Valley Road, was almost fully leased at the time of purchase. Anchor tenants include Ralphs and CVS Pharmacy.
Randy Dalby of the Lee & Associates – North San Diego County and Patrick Dempsey and Jan Fincham of Lee & Associates - Arizona represented the sellers, Inland American Real Estate Trust, Inc. and Inland Western Real Estate Corp. The buyers include Emerald Interests Corp of Scottsdale, Arizona.
About Lee & Associates
Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with 52 locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin. With 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Additional information can be found at http://www.lee-associates.com. You can also follow us on Facebook, LinkedIn and Twitter.