### JLH Capital Acquires Historic Leucadia Property for Redevelopment
Cushman & Wakefield has facilitated the sale of a prime coastal property at 1232-1234 N Coast Hwy 101 in Leucadia, Encinitas. Previously home to Caldwell’s Antiques, a well-known establishment owned by local historian Fred Caldwell—also known as “Mr. Leucadia”—the site includes a 1,788-square-foot retail and residential building that operated from 1963 until 2023.
The buyer, JLH Capital, acquired the property from the Fred Lee Caldwell Estate for an undisclosed price. The firm plans to undertake extensive renovations, occupying part of the space for its own offices while making the remaining space available for lease.
“We are excited to continue to operate our business in Leucadia, in an office we can own, and revitalize the property in a way that the entire community can enjoy,” said Jen Holm, managing partner at JLH Capital. “As a Leucadia resident, I look forward to finding a restaurant or retail partner for the rest of the space and activating the building in a way that modernizes it while honoring its unique history.”
Peter Curry and Owen Curry of Cushman & Wakefield’s Private Capital Group in San Diego represented both the buyer and the seller in the transaction.
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