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Del Norte Plaza Goes for $33 Million

Escondido Retail Center Purchased
By Randy Evans
April 25, 2003 | 3:03 P.M.

CT Operating Partnership LP (c/o Pan Pacific Retail Properties Inc.) purchased the Del Norte Plaza Shopping Center located at 302-362 West El Norte Parkway in Escondido, CA, for $33 million. The new owner paid approximately $153 per square foot for the 215,741-square-foot retail center. The property houses credit tenants such as a Vons grocery store, LA Fitness, Blockbuster Video, and other credit retail eateries such Arby’s and a Taco Bell. Reza Etedali of Sperry Van Ness’s Irvine office represented the buyer. Jeanne Mesh of Pacific West Management represented the seller, Del Norte Plaza LLC (c/o Pacific West Management).

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