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California  + San Diego  + Retail  |  September 29, 2021
Hillcrest Plaza
Lisa Brown
By: Lisa Brown

Three-Property Hillcrest Plaza Portfolio Woos New Owner

Hillcrest Plaza, a 30,951-square-foot retail portfolio in San Diego’s Hillcrest area, recently sold for $15.27 million to a private investor. The properties were fully leased at the time of closing and include tenants such as Mattress Firm, Gossip Grill and Uptown Tavern.

Nick Totah and Ross Sanchez in Marcus & Millichap’s downtown San Diego office had the exclusive listing to market the property on behalf of the seller, Tim Foley of Foley Enterprises. The buyer was secured and represented by Totah.

The Hillcrest Plaza portfolio consists of three properties located at 1202 University Ave., 1220-1228 University Ave. and 1235-37 Cleveland Ave. Hillcrest Plaza is on the historic retail corridor of University Avenue adjacent to The Hub, a 150,000-square-foot class-A mixed-use shopping center owned and operated by Regency Centers.

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Inside The Story

Nick Totah

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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  • ◦Sale/Acquisition
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