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Dec

05

C&W Closes Sale of 75-Acre Former Konyn Dairy Site

By Tony Seruga

Touchstone Communities plans to develop Park Circle, a mixed-use development that will bring a retail town center with restaurants, shops, community space and more to San Diego.

Touchstone Communities has bought a 75-acre site in San Diego from the Konyn Family for $6 million. The firm plans to develop Park Circle, a horizontal mixed-use, master-planned community. Located in in the heart of the emerging Valley Center at the northwest corner of Valley Center Road and Mira de Valle in San Diego, the land was formerly used by Konyn Dairy for agricultural purposes.

Terry Jackson, Matt Davis and Curtis Buono of Cushman & Wakefield’s Land Advisory Group in San Diego represented both parties in the transaction. During escrow, multiple extensions were negotiated as well as items related to the existing loan, which allowed the owners to maintain farming activities while not interfering with the due diligence of the buyer…

C&W Closes Sale of 75-Acre Former Konyn Dairy Site

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