SAN DIEGO-A Garden Grove-based real estate firm has completed the latest of fourSan Diego County purchases and plans to close between $20 million and $30 million more here overthe next six months.

The Abbey Co. bought the 83,980-sf Fletcher Parkway medical officebuilding at 8881 Fletcher Parkway in the suburb of La Mesa. The $11.3-million purchase adds some diversity to the rehabspecialist’s portfolio, says Robert B. Albrecht, director ofacquisitions for Abbey. The other three San Diego County properties bought by Abbey areshopping centers, including the La Mesa Village Station, he adds.

“We¹re making a big push in San Diego,” Albrecht tells, addingthat he is moving his office south from Orange County to be closer to themarket. “The timing is right for us to expand down there.”

Abbey Co. represented itself in the deal on the medical complex,which is 85% occupied. Albrecht says he is looking for more tenants andcould opt to expand its new acquisition because of its proximity toGrossmont Hospital.

The San Diego office of Trammell Crow Co. representedthe seller, Dallas-based Archon Group.

The firm specializes in buying and upgrading well-located class B and Cproperties. In addition to the La Mesa properties, Abbey also owns andoperates the Rancho Carmel Commerce Center in San Diego and the EscondidoCommerce Center in Escondido. The company’s portfolio now totals 3.1 millionsf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.