Del Mar Retail Center is Latest Local Buy for Donahue Schriber
- Aug 22, 2012
Donahue Schriber has recently acquired Del Mar Heights Village, a retail center, for $40.9 million, the San Diego Business Journal reported. C.W. Clark Inc. of La Jolla, the seller, was represented by the San Diego office of Cassidy Turley.
Del Mar Heights Village currently has 31 local and regional tenants, and is shadow anchored by Vons and CVS Pharmacy. The 107,846-square foot property enhances a local portfolio that includes the recently renovated Del Mar Highlands Town Center.
In addition, Donahue Schriber, a private REIT, recently closed escrow on Bonita Centre in Chula Vista, a 98,854-square-foot center anchored by Vons and Rite Aid outlets.Bonita Center, which traded for an undisclosed amount, will likely undergo renovations that will preserve its original architecture. Elsewhere on the West Coast, Donahue Schriber acquired Four Corners Shopping Center in Washington.
The purchases also add to other recent California shopping center acquisitions by the firm, such as The Crossings at Paso Robles on the Central Coast, and the Mandalay Village Marketplace in Ventura County. All told, Donahue Schriber owns and operates a portfolio totaling more than 12 million square feet in the western U.S.
Image courtesy of donahueschriber.com