Gerrity Group of Solana Beach has acquired a grocery-anchored retail center in Fallbrook for $23.6 million, according to real estate services firm Holliday Fenoglio Fowler LP (HFF).
The seller of the 70,410-square-foot Fallbrook Mercantile Center, at 813-855 S. Main Ave., was Tourmaline Capital of San Diego, represented by an HFF team led by Gleb Lvovich and CJ Osbrink.
The 6.6-acre property is anchored by a Major Market grocery store and is 97 percent leased, with other tenants including Anytime Fitness, Sherwin Williams, Burger King, Jersey Mike’s Subs, Denny’s and Fantastic Sam’s.
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