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Brixmor Acquires Escondido Retail Center for $40.1M

New York-based Brixmor Property Group acquired the 127,000-square-foot Felicita Town Center from Solana Beach, CA-based Gerrity Group for a reported $40.1 million. The single-level, grocery- and drug-anchored, neighborhood shopping center is located in Escondido, CA

The 11-acre, open-air shopping center was built in the 1990s. Felicita Town Center is located in a high-income, densely populated, infill residential community with high barriers to entry at the southwest corner of Felicita Ave. and Centre City Pkwy.

Dual-anchored by Trader Joe’s and Major Market, other tenants include Starbucks, Express Tire, Papa John’s Pizza, Wells Fargo, H&R Block and Rite Aid. Berkshire Hathaway HomeServices California Properties occupies a 4,027-square-foot office building.

Brixmor, formed in 2013 by the Blackstone Group, owns more than 500 retail centers totaling 86 million square feet.

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

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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.

  • ◦Sale/Acquisition
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