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San Diego's Carlsbad Village Plaza Trades Hands as Redevelopment Play

Tooley Interests acquired the grocery-anchored center from Balboa Retail Partners as a redevelopment play.

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Investment and development firm Tooley Interests has acquired Carlsbad Village Plaza in North San Diego County from Balboa Retail Partners for $23.5 million. Tooley Interests purchased the property as a redevelopment play.

Carlsbad Village Plaza is on four acres at Carlsbad Village Drive and the I-5 Freeway. The 58,735-square-foot property has a diverse mix of tenants, including a Smart & Final Extra, which serves as the anchor for the property, along with local restaurants and service retailers.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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