What’s New With San Diego Strip Centers?

Kobzi: “We’re talking about a totally different tenant [from regional malls]; we’re talking about services and things that the neighborhood needs.”

SAN DIEGO—Pure strip centers aren’t being built anymore; they’re now ground-floor retail catering to mixed-use, office and residential properties looking for daily-needs, service-oriented tenants, CBRE Group Inc.’s retail expert Reg Kobzi tells GlobeSt.com. Kobzi, along with the firm’s Joel Wilson and Michael Peterson, recently represented seller 1987 Butler Living Trust in the sale of a 9,840-square-foot strip center here to local buyer Jehan Enterprises, which was represented by Curtis Gabhart of KW Commercial.

The seven-tenant project, located at 3280 Main St., is 83 % leased and is in proximity to the NASSCO Shipyard and the 32^nd street Naval Base, one of the largest in the world. According to VP Wilson, the center’s proximity of the base “will provide a consistent customer base for the retailers and strong demand for tenants to lease spaces.”