March 11, 2016
Holliday Fenoglio Fowler, L.P. (HFF) closed a $23.6-million sale of Fallbrook Mercantile Center, a 70,410-square-foot, grocery-anchored neighborhood shopping center in Fallbrook. HFF marketed the property on behalf of the seller, Tourmaline Capital. Solana Beach-based Gerrity Group acquired the asset.
Anchored by Major Market Grocery Store, the 97-percent-leased Fallbrook Mercantile Center is home to several national and regional tenants. The center is situated on 6.6 acres at 813-855 South Main Ave., near the Camp Pendleton Marine Corps Base.
HFF’s investment sales team, led by Gleb Lvovich and CJ Osbrink, represented the seller. The buyer was self-represented.