Flocke & Avoyer Commercial Real Estate represented theprincipals in the transactions that resulted in the purchase of theVons-anchored, 28,000-sf center at 7514 Girard Ave. The buyer wasLa Jolla MarketplaceLP, with John Tworoger as general partner,which was represented by Steve Avoyer, Nick Alford and Bill Thaxtonon behalf of Flocke & Avoyer.
The deal was comprised of two different transactions. The firstwas the $5.25 million purchase of the property by The Vons GroceryCompany from the Caroline Smith Trust, which was represented byRadelow Realty.
In the simultaneous second transaction, Vons assigned its escrowto La Jolla Marketplace LP, with both parties represented by Flocke& Avoyer. The buyer intends to rehabilitate the building andre-tenant the center for investment purposes, Alford said.
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