$5-Million Site Bought to Build Shop Center
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Fredricks Development Corp. has bought 11.3 acres of commercial land on the northwest corner of Auto and West Valley parkways in the Escondido Auto Park for $5,085,000 from Connecticut Mutual Life Insurance Co.
Fredricks, represented by Grubb & Ellis, plans to build a neighborhood shopping center on the site, with Grubb & Ellis handling marketing. Connecticut General was represented by Pacific Southwest Mortgage.
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