Decron Pays $99M for San Diego Shopping Center ...Middle East

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Mira Mesa Market West Shopping Center came online in 2000. Image courtesy of Decron Properties Decron Properties has acquired Mira Mesa Market West Shopping Center, a 238,747-square-foot retail center in San Diego. Stockbridge Capital Group sold the fully leased asset for $99 million. Furthermore, the acquisition of the property included the assumption of the current financing with New York Life Insurance Co., which has a below-market interest rate of 3.5 percent fixed for the remaining loan term. The purchase represents the first retail acquisition for Decron since 2008. The company operates in markets across California, Arizona and Washington, while its retail portfolio encompasses 600

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