HFF announces the sale of 15,690 SF grocery-anchored shopping center in Southern California

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NEWPORT BEACH, CA – January 2, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Quarry Creek Plaza, a 15,690-square-foot retail center shadow anchored by Albertsons in the Southern California coastal community of Oceanside.

The HFF team marketed the property on behalf of the seller, Quarry Creek Investors. 

Completed in 2003, Quarry Creek Plaza is 92.6 percent leased to a variety of internet-resistant tenants, including Jamba Juice, Subway, Los Tacos, Poki Poki, Supercuts, America Dry Clean, Happiness Nails and Smashburger.  The center is shadow anchored by Albertsons and is directly across from a Walmart Supercenter, both of which provide a necessity-based “daily-needs” draw to the property.  Additional shadow-anchors include PetSmart and Kohl’s, which have a regional attraction.  Quarry Creek Plaza is at 3460 and 3480 Marron Road where Mason Road intersects with College Boulevard and is exposed to more than 51,000 vehicles per day.  The center is in Oceanside, a town 38 miles north of downtown San Diego, at the entrance to The Preserve, a master-planned community in Carlsbad with more than 570 homes under construction.  More than 119,318 residents earning an average annual household income of more than $93,000 live within a three-mile radius of the center. 

The HFF retail investment advisory team representing the seller included Gleb Lvovich along with Mike Moser, partner at Retail Insite, who worked on the center leasing and assisted in deal execution.

“The sale of Quarry Creek Plaza represents investor’s continued interest in acquiring internet-resistant retail environments consisting of food and services tenants,” Lvovich said.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

About HFF

HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.  HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).  For more information, please visit hfflp.com or follow HFF on .

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