The property, which stands at the northeast corner of Jamacha Road and Granite Hills, is located in Washington Plaza. It encompasses a total of 36,175 sf.
Pacific Development Partners has acquired the asset from Washington Plaza Joint Venture. Gary Goss of Burnham Capital Markets has secured the new financing for Pacific Development Partners. Bill Barnett and Doug Hogan of Burnham Real Estate Oncor International acted on behalf of Pacific Development Partners, while Washington Plaza Joint Venture was represented in-house by Zaid Astarabadi.
Retail continues to be one of the hottest sectors in San Diego County's commercial real estate market, due to its solid occupancy levels, favorable demographics, rising rents, and high barriers to entry.
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