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Developer Buys Bowling Alley, Bank and Grocery Store Destined To Make Way for Apartments

Buildings and Land Trade for More Than Double Their Previous Price
Multifamily developer G.H. Palmer Associates acquired three San Diego retail properties, including one housing a shuttered bowling alley. (CoStar)
Multifamily developer G.H. Palmer Associates acquired three San Diego retail properties, including one housing a shuttered bowling alley. (CoStar)
CoStar News
March 3, 2022 | 9:58 P.M.

A Beverly Hills, California-based apartment developer has acquired a three-property retail portfolio in San Diego —including a former bowling alley — for approximately $165 million, more than double what the buildings sold for just a year ago in the busy Kearny Mesa neighborhood.

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