Retail Asset Trades for $17.5M

SAN MARCOS, CA-WRI acquires the Von's-anchored shopping center from BOSC Group. Located on Rancho Santa Fe Road in San Marcos, the property is currently 94% occupied.

By Erin Cassin | May 26, 2003 at 01:01 AM

Faris Lee Investments acted on behalf of both seller BOSC Group and buyer Weingarten Realty Investors. According to a Faris Lee spokesperson, the Irvine-based brokerage firm identified WRI as a match for the sale because of the company's interest in acquiring neighborhood and community shopping centers in California.

"Rancho San Marcos Village met our investment goals and desire for disciplined growth in a strong infill market," says Drew Alexander, president/CEO of WRI.

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