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This year, there has been a limited market for retail opportunities in San Diego, but investment capital continues to chase quality assets. The Broadway Plaza, a 356,335-square-foot 100% occupied retail community center in Chula Vista, was one of these rare opportunities. The property has traded hands for $58.8 million in a deal that garnered more than a dozen offers from investors. While transactions like the Broadway Plaza prove the strong demand, there has been a 35% drop in deal volume this year as a result of the limited availability of opportunities.

Kelsi Maree Borland

GlobeSt

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