Sero Propeties, a Los Angeles-based company, has apparently purchased a large chunk of The Island at Carlsbad (that mall up in the netherlands of College and Faraday) from Orange County-based Island Property Partners, LLC for $23.6 million dollars according to story on crefeed.com.
The acquisition includes 39,982 square feet of retail space within the Island at Carlsbad, which was built in 2000. The two-story retail project is located at 5813 Van Allen Way and is currently leased to tenants including Carl’s Jr., U.S. Healthworks, TD Waterhouse, First Future Credit Union, Randstad U.S. and The Islands Oasis Food Court.
[Link: CREfeed.com]
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