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California  + San Diego  + Retail  | 

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.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition
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