The Gerrity Group has purchased Felicita Town Center in Escondido for $30.1 million. Gerrity has formed a new venture with other private investors to acquire and operate centers throughout the western United States.

The Gerrity Group has purchased Felicita Town Center in Escondido for $30.1 million. Gerrity has formed a new venture with other private investors to acquire and operate centers throughout the western United States.

As new shopping center construction remains rare in San Diego County, some older established centers with solid customer traffic have recently changed hands...

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