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Saturday, Mar 25, 2023
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Hillcrest Plaza Sold

 Rancho Santa Fe developer Tim Foley has sold a block of mixed-use commercial buildings in Hillcrest for nearly $15.3 million.

The sale of Hillcrest Plaza included three buildings totaling 30,951 square feet.

The buildings are at 1202 University Ave., 1220-1228 University Ave., and 1            235-1237 Cleveland Ave.

The buyer was Hillcrest Place, LLC of Texas.

The buildings were fully leased at the time of sale.

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Tenants include Mattress Firm, Gossip Grill, and Uptown Tavern.

 Hillcrest Plaza is adjacent to The Hub, a 150,000 square-foot shopping center, owned and operated by Regency Centers.

Nick Totah, first vice president of investments, and Ross Sanchez investment associate, for The Totah Group in Marcus & Millichap’s downtown San Diego office, represented the buyer and seller.

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