Brent Williams of Meissner Jacquét Commercial Real Estate Services, with headquarters based in San Diego, recently expanded Meissner Jacquét’s commercial property management contract with Washington Capital Management, an investment advisory firm that services institutional clients, by adding 30,000 square feet to their existing 73,000 square foot management account of Paseo Carlsbad, an upscale, specialty-retail center optimally located in the North County submarket of San Diego. The expansion includes the addition of the restaurant pad that most recently held T.G.I. Friday’s and the Chevron gas station, both part of a 20 acre parcel located in Carlsbad, CA. With this addition, Meissner Jacquét now manages the South-Western retail corridor bordered by Paseo Del Norte, Palomar Airport Road and Interstate 5, and adjacent to the Carlsbad Premium Outlets.
| Property Name: | Paseo Carlsbad Retail Center |
| Property Location: | 850 & 890 Palomar Airport Road, Carlsbad, CA 92008 and 5613, 5617, 5621, 5625 Paseo Del Norte, Carlsbad, CA 92008 |
| Property Description: | Retail, 103,000 Total Square Feet |
Investment Objectives
Originally contracted in 2009, Meissner Jacquét provides professional commercial property management and accounting services to Paseo Carlsbad’s two-story retail center and restaurant out-parcel pads, including P.F. Chang’s, King’s Fish House, and BJ’s Restaurant and Brewhouse. Paseo Carlsbad is a collection of well-known retail brands, boasting such tenants as Corner Bakery Café, St. John Apparel, RoadRunner Sports, blended with salon services, fitness, sporting goods and unique boutiques.
Meissner Jacquét will provide construction management oversight by working with Ownership in the repositioning of the restaurant pad, one of the highest-profile commercial sites in the city of Carlsbad, into a new, hip restaurant destination that will complement local attractions such as The Flower Fields at Carlsbad Ranch, the Carlsbad Premium Outlets, LEGOLAND California, and the Carlsbad State Beach and Campground. The site is best known for the iconic faux windmill that identified the former Pea Soup Anderson’s restaurant and hotel that opened in the early 1980’s. Meissner Jacquét is excited to be involved in the repositioning and continued management of Paseo Carlsbad and believes that the repositioning of the restaurant space will significantly contribute to the already established Carlsbad retail, restaurant, and attractions district that enjoys nearly two million visitors a year, and accomplish Ownership’s investment objectives.
About Meissner Jacquét
Founded in 1992, Meissner Jacquét Commercial Real Estate Services has the knowledge and experience to provide commercial real estate solutions to retail centers, office properties, industrial parks, and commercial owner associations for institutional and privately-held investors, whether they be local, regional, or national. For more information, please contact Allison MacDonald at 858-373-1354 or [email protected], or Brent Williams at 858-373-1113 or [email protected], or visit mjcres.com.
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