CARLSBAD, CA-Excel Trust Inc., a retail-focused investment trust headquartered in Rancho Bernardo, has paid nearly $23.5 million for La Costa Towne Center, a shopping center in Carlsbad. The retail plaza, which measures roughly 121,000 square feet, is located at 7710 El Camino Real.
The Carlsbad deal follows the company's acquisition of the 181,000-square-foot EastChase Market Center property in Montgomery, Alabama, for about $24.7 million. During 2011, Excel Trust sold $40 million in assets and acquired roughly $255 million in assets. For the full story, go to San Diego Business Journal .
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