Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FALLBROOK, CA-A 21,339-sf neighborhood shopping center here, known as Fallbrook Towne Center North, has been acquired by an LLC.

The buyer, Hsing Properties LLC, has shelled out nearly $3.6 million for the property, which stands on a 1.72-acre parcel at 1075-1079 S. Mission Rd. Located adjacent to the Fallbrook Towne Center, the facility is occupied by tenants including Radio Shack, Payless Shoe Source, Domino’s Pizza and Video Depot.

Hsing Properties was represented by Andrew Peceimer of Coldwell Banker Commercial. Kirk Allison and Vic Gausepohl of Colliers International and Don Zech of CDC Commercial acted on behalf of the seller, Fallbrook Towne Center North LLC.

The Fallbrook deal comes as the San Diego retail market continues to hold its own, having “resisted a downturn in the face of a weakened economy” this year, according to a report by Marcus & Millichap Real Estate Investment Brokerage Co. that ranked the region as number two among 35 retail markets in 2002. Placing behind only Washington, DC this year, San Diego actually moved up one rank from Marcus & Millichap’s 2001 report.

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


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.