September 18, 2013
Continuing to expand its investment portfolio, Pathfinder Partners, LLC – a San Diego-based firm which makes opportunistic investments in real estate assets and defaulted loans – announced today it has acquired Bel Villaggio I and II and Bel Villaggio III, two specialty retail centers in Temecula, California.
In separate transactions totaling nearly $18.5 million, the properties were purchased from two different CMBS special servicers. C.W. Capital sold the 77,000-square-foot Bel Villaggio I and II – which houses Macaroni Grill, Navy Federal Credit Union, Cosi and Original Pancake House among others – for $12.75 million. Bel Villaggio III, a 40,000-square-foot center which is home to Shogun Restaurant, Aiyara Thai Cuisine and REVE Salon & Spa was sold by Torchlight Investors for $5.7 million.