January 16, 2019— Colliers International San Diego Region and Jones Lang LaSalle (JLL) announce the sale of the Encinitas Marketplace, a 124,411 square foot neighborhood retail center, located at 110-194 N El Camino Real, Encinitas, CA for $43,000,000.
Richard Lebert and Matt Zimsky of Colliers International and Chris Ross of JLL represented the buyer, Encinitas Marketplace, LLC. REZA Investment Group represented the undisclosed seller.
“The Encinitas Marketplace presents an incredible investment opportunity for our buyer,” said Richard Lebert, Senior Vice President at Colliers International. “With a nearly 80 percent national and regional tenant base, the center is an important community asset with strong long-term potential for the new ownership.”
Encinitas Marketplace is located in the highly desirable Encinitas neighborhood of North San Diego County, with direct access to N. El Camino Real and local freeways. In addition to Kohl’s, the property’s tenants include The Vitamin Shoppe, Five Guys, Firehouse Subs, Chik-Fil-A, O’Reilly Auto Parts, Phenix Salon Suites, My Sister’s Closet, Sylvan Learning Center, The Joint Chiropractic, Allstate and Pacific Dental, among others.