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Perry’s Café Site in San Diego’s Old Town Will Give Way to Residential
Viewpoint Development has acquired a 4,000-square-foot restaurant building located on 1.74 acres at 4620 Pacific Hwy. in San Diego’s Old Town neighborhood for $9 million. The company plans to develop housing on the site recently occupied by Perry’s Café, with a portion of the historic cafe repurposed as part of the project. The company is still going through design approvals with the city for the new development.
JLL’s Brian Quinn and Steve Avoyer of Flocke & Avoyer Commercial Real Estate represented the seller, Georgakopoulus Family LLC, as well as Viewpoint Development. The restaurant closed its doors on August 15.
“Despite the economic and real estate challenges of this type of deal, we were able to work with both sides to get the closing to the finish line,” said Quinn. “This was a collaborative effort by all parties to find the right buyer while overcoming environmental and historic issues.”
- ◦Sale/Acquisition




