Grocery-Anchored Hawthorne Crossings Sells for $41.5 Million

by Nate Hunter

San Diego — Retail Opportunity Investments Corp. (ROIC) acquired the community center for nearly $298 per square foot.

San Diego — Cushman & Wakefield has brokered the $41.5 million sale of Hawthorne Crossings, a 141,288-square-foot grocery-anchored center in San Diego. The purchase price equates to nearly $298 per square foot. Tenants at the community center include Mitsuwa Marketplace, Ross Dress for Less, Staples, Dollar Tree and Starbucks. Pete Bethea, Glenn Rudy and John Jennings with Cushman & Wakefield’s capital markets group represented the seller, American Fund US Investments LP, and procured the buyer, Retail Opportunity Investments Corp. (ROIC), in the transaction.


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