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San Marcos Shopping Center Sells for $73.4M

Oak Brook, IL-based InvenTrust Properties Corp. acquired Campus Marketplace, a 144,148-square-foot retail shopping center in San Marcos, CA for $73.35 million. The sellers were Campus CMH, LLC, 36 CMH and Campus BRB, LLC, an entity managed by Ryan Denk.

Built in 2000 on 15.4 acres, the 98% leased asset is anchored by Ralphs and CVS, and includes such established national tenants as Bank of America, Starbucks, Subway, and Sport Clips.

The asset was attractive as a result of its location close to state Route 78, proximity to CSU San Marcos, the San Elijo Hills master-planned residential community, as well as two medical facilities. The synergistic tenant mix creates significant customer draw from the nearly 200,000 residents in the area who shop and dine at the property.

Lee & Associates’ Jan Fincham and Patrick Dempsey represented both buyer and sellers.

For comments, questions or concerns, please contact Dennis Kaiser


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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