Mike Moser Moser: “Challenges can be heavily influenced by the market in which the asset is located.”

SAN DIEGO—It is important to have a grasp of the local market, competition and demand when taking on former grocery-store properties in order to reposition them successfully, Retail Insite broker Mike Moser tells GlobeSt.com. Moser recently represented Brixton Capital in the acquisition of a 55,000-square-foot retail property at 14340 Penasquitos Dr. here from Florida-based HH Property Holdings for what Real Capital Analytics reports was $1.9 million.

Brixton plans to renovate and reposition the former Albertsons grocery store building, most recently occupied by Haggen. The company has already entered into a $12-million long-term lease with Floor & Décor for the entire premises.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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