March 11, 2016 Comments Off on HFF Closes $23.6M Retail Sale in Fallbrook Views: 504 California News, San Diego, West

HFF Closes $23.6M Retail Sale in Fallbrook

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.

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