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05

Becker Properties Nabs San Diego Shopping Center for $10M

By Tony Seruga

The property, located in the Mission Gorge of San Diego submarket, is anchored by a CVS pharmacy and marks Becker’s fourth retail acquisition in the city.

Becker Properties has completed its fourth retail acquisition in San Diego County during the past 24 months. The newest addition to its portfolio is Riverdale Shopping Center, a 66,416-square-foot property located in the Mission Gorge of San Diego submarket. Becker bought the CVS-anchored retail center for $10.1 million, from a joint partnership advised by investment firm SENTRE. The partnership includes Peckham Properties Inc., Commercial Sites Ltd. and Wells Fargo Bank as trustee of McKinney Survivor’s Trust.

The 1980-built Riverdale Shopping Center is located at 10320-10370 Friars Road on a 10.2-acre lot. It is fully leased to a number of firms from the food, service and retail sectors, such as Black Angus and Armstrong Nursery…

Becker Properties Nabs San Diego Shopping Center for $10M

Categories : Commercial Real Estate, Finance

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