California + San Diego + Retail | May 10, 2023

CBRE arranged the $40-million sale of Coronado Plaza, a mixed-use retail property in Coronado, California

Block-Sized Mixed-Use Changes Hands in Coronado

CBRE arranged the $40-million sale of the 41,949-square-foot Coronado Plaza at 1300 – 1330 Orange Ave. in Coronado. Reg Kobzi, Joel Wilson and Michael Peterson of CBRE’s San Diego office represented the sellers, PREF Coronado Plaza, LLC. The buyer wasn’t disclosed.

The property is directly across R.H. Dana Place from the Hotel Del Coronado. The hotel’s recent property upgrades added an entrance facing the Plaza.

Built in 1981, the Plaza features local restaurants and shopping destinations for millions of visitors annually, CBRE said. The multi-tenant three-story plaza property encompasses an entire block with Churchill Place to the north and R.H. Dana Place to the south.

“This is a fantastic mixed-use asset across from the world-famous Hotel Del Coronado,” said Kobzi. “Because of its prime location, there will be ample traffic for the tenants at this property.

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Inside The Story

CBRE's Kobzi

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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