An Escondido shopping center has been sold for $13.3 million.
JH Real Estate Partners bought the Escondido Town & Country retail center from GFC Glendale Associates, LLC.
Built in 1973 on a nearly eight-acre site, the 70,020 square-foot shopping center at 1625 to 1665 East Valley Parkway has two buildings.
Tenants include Ross Dress for Less and Big Lots.
Representing GFC Glendale Associates from Newmark Knight Frank were Rob Ippolito, Glenn Rudy and John Jennings, managing directors, and Vice Chairman Pete Bethea.
JH Real Estate Partners represented itself.
“This property is well-located along one of the busiest thoroughfares in east Escondido,” Ippolito said. “Our team achieved market pricing over a short timeframe of 21 days in the midst of volatile capital markets.”