{"id":1004143872,"date":"2016-05-12T05:32:10","date_gmt":"2016-05-12T13:32:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004143872"},"modified":"2020-04-08T02:03:32","modified_gmt":"2020-04-08T10:03:32","slug":"ngkf-facilitates-51m-san-diego-retail-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ngkf-facilitates-51m-san-diego-retail-sale\/","title":{"rendered":"NGKF Facilitates $51M San Diego Retail Sale"},"content":{"rendered":"<p>By Ioana Neamt<\/p>\n<div id=\"attachment_1004143873\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Windingwalk.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004143873\" data-attachment-id=\"1004143873\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ngkf-facilitates-51m-san-diego-retail-sale\/windingwalk\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Windingwalk.jpg\" data-orig-size=\"1000,561\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;Joel Zwink&quot;,&quot;camera&quot;:&quot;FC300X&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1447332664&quot;,&quot;copyright&quot;:&quot;\\u00a9 Joel Zwink\/Zwink Photography&quot;,&quot;focal_length&quot;:&quot;3.61&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.00125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Windingwalk\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Windingwalk.jpg?w=1000\" class=\"wp-image-1004143873 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Windingwalk.jpg\" alt=\"The Marketplace at Windingwalk, San Diego\" width=\"300\" height=\"168\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Windingwalk.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Windingwalk.jpg?resize=300,168 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Windingwalk.jpg?resize=768,431 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004143873\" class=\"wp-caption-text\">The Marketplace at Windingwalk, San Diego<\/p><\/div>\n<p><strong>San Diego<\/strong>\u2014<a href=\"https:\/\/www.ngkf.com\/\" target=\"_blank\" rel=\"nofollow\">NGKF Capital Markets<\/a> recently finalized the $51 million sale of The Marketplace at Windingwalk, a 104,206-square-foot neighborhood <a href=\"https:\/\/www.commercialsearch.com\/news\/retail\/\" target=\"_blank\">retail center<\/a> in south San Diego County. The asset, located at 1754-2160 Eastlake Parkway in Chula Vista, Calif., is anchored by a Vons Supermarket and was 96 percent occupied at the time of sale.<\/p>\n<p>An NGKF Capital Markets retail division team including Pete Bethea, Rob Ippolito and Glenn Rudy represented the seller, Aliso Viejo-based <a href=\"https:\/\/www.sheaproperties.com\/\" target=\"_blank\" rel=\"nofollow\">Shea Properties<\/a>, in the transaction. New York City-based <a href=\"https:\/\/www.zaam.com\/\" target=\"_blank\" rel=\"nofollow\">Zurich Alternative Asset Management LLC<\/a> was the buyer of the center completed in 2008. The company is an alternative investment adviser responsible for Zurich North America\u2019s hedge fund, private equity and U.S. real estate investments.<\/p>\n<p>\u201cThe Marketplace at Windingwalk represented an excellent opportunity to acquire a best-in-class neighborhood center located in a premier San Diego County neighborhood experiencing explosive growth,\u201d said Bethea in a prepared statement. \u201cThis center\u2019s location, architecture, tenant lineup and tenant performance are unique in today\u2019s investment climate and are ideal for today\u2019s core investor.\u201d<\/p>\n<p>\u201cNGKF\u2019s 28-day marketing campaign for this asset produced multiple offers and was a highly competitive bidding process among a number of institutional and private firms from the U.S. and overseas,\u201d added Ippolito.<\/p>\n<p>Situated at the southeast quadrant of Eastlake Parkway and Birch Road, roughly 10 miles south of downtown San Diego, The Marketplace at Windingwalk is home to tenants such as Vons Supermarket, In-N-Out Burger, Wells Fargo and Bank of America, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A 104,206-square-foot grocery-anchored retail asset has changed hands in San Diego County.<\/p>\n","protected":false},"author":192,"featured_media":1004143873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21749,1608,15],"tags":[],"class_list":["post-1004143872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-retail","category-san-diego","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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