On the market for an extended period, Poway Plaza had a number of complicating factors that discouraged previously interested parties:

	A poor tenant mix that included the California Department of Motor Vehicles (DMV) and Dixieline Lumber as the anchor

	A Disposition, Development and Owner Participation Agreement (DDA) that required the construction of a 6,000 sf restaurant pad which would have negatively affected parking and sight lines

	A price that included a substantial equity commitment due to the existing securitized loan

	A number of small tenant leases turning over in the next 24 months

	A tired town & country center in need of improvements

	A “B” center in an “A” location with an “A” center across the street casting a long shadow