JLL and Flocke & Avoyer Commercial Real Estate represented seller and buyer of former Perry’s Café building
News release
15 August 2024
Viewpoint acquires San Diego restaurant; plans residential
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SAN DIEGO, August 15, 2024 – Confirming the demand for well-located real estate, JLL and Flocke & Avoyer Commercial real estate announced that Viewpoint Development has acquired a 4,000-square-foot restaurant building located on 1.74 acres at 4620 Pacific Highway in San Diego, California for $9 million.
Viewpoint Development will develop residential housing on the site recently occupied by the iconic Perry’s Café restaurant with a portion of the historic cafe repurposed as part of the project. The company is still going through design approvals with the city for the new development.
JLL’s Brian Quinn and Steve Avoyer of Flocke & Avoyer Commercial Real Estate represented the seller, Georgakopoulus Family LLC, as well as Viewpoint Development in the sale.
“Despite the economic and real estate challenges of this type of deal, we were able to work with both sides to get the closing to the finish line,” said Brian Quinn, JLL Senior Vice President. “This was a collaborative effort by all parties to find the right buyer while overcoming environmental and historic issues.”
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.