HFF Arranges $42 Million Sale of Grocery-Anchored Center in Metro San Diego

Aldi and Smart & Final anchor Gateway Marketplace, located roughly nine miles outside San Diego in Chula Vista. (Image courtesy of Patrick Tang) Aldi and Smart & Final anchor Gateway Marketplace, located roughly nine miles outside San Diego in Chula Vista. (Image courtesy of Patrick Tang)

Chula Vista, Calif. — HFF has arranged the $42 million sale of Gateway Marketplace, a 127,861-square-foot shopping center located in Chula Vista, roughly nine miles outside San Diego.

Smart & Final and Aldi anchor the 98.7 percent leased property, which is home to tenants including Party City, Hobby Lobby, Mattress Firm, Little Caesars and AT&T. Gleb Lvovich and Bryan Ley of HFF marketed the property on behalf of the seller, a partnership between Brixton Capital and ALTO Real Estate Funds. An affiliate of American Assets Trust Inc. purchased the asset free and clear of existing debt. Mike Moser at Retail Insite assisted HFF as a local market contact.

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