{"id":1004645436,"date":"2023-02-14T01:28:57","date_gmt":"2023-02-14T09:28:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004645436"},"modified":"2023-02-14T01:28:59","modified_gmt":"2023-02-14T09:28:59","slug":"westfield-sells-1-2-msf-san-diego-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/westfield-sells-1-2-msf-san-diego-shopping-center\/","title":{"rendered":"Westfield Sells 1.2 MSF San Diego Shopping Center"},"content":{"rendered":"
\"Shopping<\/a>

Shopping mall interior. Image by Erich Westendarp via Pixabay.com<\/em><\/p><\/div>\n

Bridge Group Investments<\/strong> and Steerpoint Capital<\/strong> have acquired North County Mall, a 1.2 million-square-foot shopping center in Escondido, Calif.<\/p>\n

Unibail-Rodamco-Westfield<\/strong> sold the asset, according to CommercialEdge data. The company had purchased the center in 1994, the same source shows. URW will maintain its leasehold interest in the shopping center until it expires in June 2053, as reported by local publication Times Advocate<\/em>.<\/p>\n

Previously known as Westfield North County Fair, the retail center is anchored by Macy\u2019s, JCPenney and Target. Other tenants at the property include Forever 21, H&M, MAC, Apple, Game Stop, 24 Hour Fitness and many more. The center also includes several dining options such as Black Angus Steakhouse, BJ’s Restaurant and Brewhouse, The Cheesecake Factory and Chipotle.<\/p>\n

North County Mall is located at 272 E. Via Rancho Parkway, in northern San Diego County. The shopping center is situated on approximately 83 acres, situated next to Interstate 15.<\/p>\n

Steerpoint Capital Managing Partner Bo Okoroji said in prepared remarks that the shopping center can be positioned as both a dominant player in the regional retail market and a vibrant community hub.<\/p>\n

North County Mall marks Bridge Group Investment and Steerpoint Capital\u2019s fourth acquisition together. The partners have acquired three other retail centers last year. In December, the companies paid $60 million for Antelope Valley Mall, a 441,835-square-foot shopping center<\/a> in Palmdale, Calif.<\/p>\n

Last year, Unibail-Rodamco-Westfield made headlines with another large California sale, the disposition of Westfield Santa Anita in Arcadia<\/a>, in Los Angeles County, for a whopping $538 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

North County Mall last traded in 1994. <\/p>\n","protected":false},"author":3014,"featured_media":1004645664,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21749,1608,15],"tags":[50512],"class_list":["post-1004645436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-retail","category-san-diego","category-west","tag-unibail-rodamco-westfield"],"acf":[],"yoast_head":"\nWestfield Sells 1.2 MSF San Diego Shopping Center - CPE<\/title>\n<meta name=\"description\" content=\"Bridge Group Investments and Steerpoint Capital have acquired a 1.2 million-square-foot shopping center in Escondido, Calif.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/westfield-sells-1-2-msf-san-diego-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westfield Sells 1.2 MSF San Diego Shopping Center\" \/>\n<meta property=\"og:description\" content=\"Bridge Group Investments and Steerpoint Capital have acquired a 1.2 million-square-foot shopping center in Escondido, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/westfield-sells-1-2-msf-san-diego-shopping-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-14T09:28:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-14T09:28:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Shopping-mall-interior-Pixabay-e1676366469603.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"897\" \/>\n\t<meta property=\"og:image:height\" content=\"672\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westfield-sells-1-2-msf-san-diego-shopping-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/westfield-sells-1-2-msf-san-diego-shopping-center\/\",\"name\":\"Westfield Sells 1.2 MSF San Diego Shopping Center - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westfield-sells-1-2-msf-san-diego-shopping-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westfield-sells-1-2-msf-san-diego-shopping-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Shopping-mall-interior-Pixabay-e1676366469603.jpg\",\"datePublished\":\"2023-02-14T09:28:57+00:00\",\"dateModified\":\"2023-02-14T09:28:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Bridge Group Investments and Steerpoint Capital have acquired a 1.2 million-square-foot shopping center in Escondido, Calif.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westfield-sells-1-2-msf-san-diego-shopping-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/westfield-sells-1-2-msf-san-diego-shopping-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/westfield-sells-1-2-msf-san-diego-shopping-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Shopping-mall-interior-Pixabay-e1676366469603.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Shopping-mall-interior-Pixabay-e1676366469603.jpg\",\"width\":897,\"height\":672,\"caption\":\"Shopping mall interior. 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