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California  + San Diego  + Retail  | 

Texas Family Office Snaps Up Grocery-Anchored El Cajon Retail

JLL Capital Markets has completed the $31.5-million sale of The Shops at Parkway Plaza, a grocery-anchored retail center totaling 122,484 square feet in El Cajon. JLL represented the private seller in the sale of the property. The buyer was a Texas-based family office.

The Shops at Parkway Plaza is located at 149 Fletcher Pkwy, adjacent to Parkway Plaza Mall, a regional shopping destination in East County San Diego. The property offers an investment-grade national tenant roster, including Best Buy, HomeGoods, Aldi, Texas Roadhouse and Applebee’s.

JLL Capital Markets’ Investment Sales and Advisory team representing the seller was led by managing director Daniel Tyner and senior managing directors Geoff Tranchina and Gleb Lvovich.

“Grocery-anchored neighborhood retail continues to perform extremely well and demand strong activity across multiple investor profiles,” said Tyner. “Parkway Plaza offered investors a great opportunity to acquire a well-performing daily needs center with NOI growth potential.”

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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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