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California  + San Diego  + Retail  | 

Balboa Partners Picks Up Pair of SoCal Retail Centers

Los Angeles-based Balboa Partners purchased two 100%-occupied, grocery-anchored centers in Southern California in separate transactions handled by Colliers International. Total consideration and identities of the selling parties were not disclosed.

Carlsbad Village, a 59,010-square-foot Smart & Final-anchored shopping center at Carlsbad Village Drive and the Interstate 5 in Carlsbad, CA was acquired by an affiliate of the investment firm. Lincoln Center, a 57,630-square-foot Gelsons Market-anchored shopping center at Lincoln and Ocean Park boulevards in Santa Monica was also acquired.

Balboa Partners’ Joseph Fahey notes both Lincoln Center and Carlsbad Village are viewed “as generational opportunities,” and the company anticipates the assets will continue to serve the evolving needs of both the Santa Monica and Carlsbad communities.

The deals were handled by Colliers’ Tom Lagos and Michael Asarch.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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