Two contiguous land parcels in downtown San Diego’s East Village -- Photo courtesy of Colliers International

Two contiguous land parcels in downtown San Diego’s East Village -- Photo courtesy of Colliers International

A partnership recorded as 3500 5th LP has acquired two contiguous land parcels in downtown San Diego’s East Village for $4.4 million, according to brokerage company Colliers International.

The seller of the parcels, on the northern portion of the block bounded by 10th and 11th avenues, Broadway and C Street, was Rosa Family Trust. The buyer and seller were represented by Colliers’ Bill Shrader, David Maxwell and Joe Brady.

Brokers said the property is currently used as a 74-space parking lot and is zoned for mixed-use development. Plans call for continued operation of the parking lot, as the property is held for future development.