Fashion Terrace, 6888 Friars Road, was acquired by MHA Group based in Canada.
Kevin Mulhern and Allen Chitayat of CBRE represented the seller, an entity controlled by Acacia Capital.
Scott Peterson, Bill Chiles, Brian Cruz, and Colby Matzke of CBRE’s Capital Markets Debt & Structured Finance team arranged the acquisition loan on behalf of MHA Group.
“Fashion Terrace was widely sought after with a strong level of interest from both private capital and larger, institutional buyers,” Mulhern said. “The property generated a high number of tours and offers with its central location and the continued growth of the San Diego market.”