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Last Updated ( Thursday, 17 January 2013 16:07 )
DATE_FORMAT_LC2=Monday,January 14 2013 12:00:00 am EST   
Uptown District Shopping Center Sells for $81 Million

UptownWebsiteSan Diego, Calif.  — The Uptown District Shopping Center, a 148,638-square-foot center, has sold to Regency Centers Corp. for $81.1 million. The mixed-use property is located in San Diego's Hillcrest neighborhood. Tenants include Ralphs, Trader Joe's, Wells Fargo, Panera Bread and Starbucks. The Mansour Group of Marcus & Millichap executed the sale.

"The sale of Uptown District Shopping Center exemplifies the unwavering demand for trophy assets in major metropolitan markets," says Alvin Mansour, a principal at the Mansour Group. "Although there has been an overall uptick in sales volume for retail properties, the increase in demand for multi-tenant properties has been magnified in the grocery-anchored segment."

 

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