X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN MARCOS, CA-A freeway-visible landmark fetches nearly $4.8 million, with the new owners planning a face-lift for the 106,000-sf former North County Factory Outlet Mall in northern San Diego County.

CT California Fund II LLC, an entity of CT Realty Co. has bought the mall, which closed in January, from Bankers Trust Co. The former showroom’office building at 1050 Los Vallecitos Blvd., visible from Highway 78, is being retrofitted into a home furnishings, mixed-use retail and office location. Construction is under way, with delivery planned for the fourth quarter.

Buyer and seller has been represented by the Carlsbad office of Colliers International, who already has preleased 30,000 sf to Heritage Gallery in a 10-year deal being valued at $3.1 million and 15,000 sf to Arizona Leather in another 10-year deal with about a $2 million value.

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?

Dig Deeper

 

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.