California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Steerpoint, SteelWave Pay $71.5M for Shoppes at Carlsbad
Steerpoint Capital, in a joint venture with SteelWave, has acquired The Shoppes at Carlsbad, a 1.1-million-square-foot regional shopping center in Carlsbad, for $71.5 million. The acquisition marks the second transaction completed by Steerpoint and SteelWave under their JV platform.
Located in northern San Diego County, The Shoppes at Carlsbad sits just off Interstate 5 at SR-78. With this acquisition, Steerpoint Capital is adding prominent brands, including Dave & Buster’s, Sephora, Zara, and Regal Cinemas, to its retail platform, while reinforcing partnerships with dining leaders Yard House
and The Cheesecake Factory.
“Acquiring The Shoppes at Carlsbad represents a unique opportunity to invest in a property that
combines strong fundamentals with a prime location in one of Southern California’s most desirable
communities,” said Bo Okoroji, founder & CEO of Steerpoint Capital. “We’re excited to continue
growing our partnership with SteelWave and unlock long-term value for tenants, shoppers and the
Carlsbad community.”
Image courtesy of LDA Design Group.
- ◦Sale/Acquisition
