High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + San Diego  + Retail  | 

San Ysidro Retail Center Sold for $25M

The Plaza at the Border in San Diego’s San Ysidro submarket has sold for $24.7 million. The buyer of the nearly 100,000-square-foot asset at 3951-3975 Camino De la Plaza along the California-Mexico Border was Irvine, CA-based Pacific Castle.

The flagship shopping center was 92%-leased to high-performing, national credit tenants including Ross Dress for Less, T.J. Maxx, ULTA Beauty, Big 5, Vitamin Shoppe and others.

CBRE’s Kirk Brummer, Phil Voorhees and Preston Fetrow, and the NRP-West team represented the seller and buyer on this transaction.

Brummer says, “The Plaza at the Border enjoys a dynamic retail location along the San Ysidro/Tijuana border, the busiest land port of entry in the world with over 31.6 million people crossing the border each year. Based on this strategic location, the project’s anchor tenants generate tremendous sales volumes, creating an exceptional acquisition opportunity for the buyer, Pacific Castle.”

CBRE’s NRP-West has closed more than $5.5 billion in retail transactions since 2012.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With CBRE’s NRP-West TeamConnect With Pacific Castle

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action