Tuesday, May 10, 2016

HFF closes sale of trophy Trader Joe’s-anchored retail center in the San Francisco Bay Area

Los Gatos Village Square Retail Center, Los Gatos, CA

Nicholas Bicardo
 SAN FRANCISCO, CA, May 10, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Los Gatos Village Square, a 100-percent-leased, 46,235-square-foot, Trader Joe’s-anchored retail center in the San Francisco Bay Area community of Los Gatos, California.

HFF marketed the property on behalf of an institutional seller. Donahue Schriber purchased the asset free and clear of existing debt.      

Los Gatos Village Square is located along Los Gatos Boulevard, which is the most prominent commercial thoroughfare in the city.  

The property’s infill, high barriers to entry location and outstanding demographics of the region has driven a very high rate of tenant retention and historical occupancy at the site, presenting an extremely stable cash flow.

  Anchored by Trader Joe’s, Los Gatos Village Square benefits from outstanding sales productivity from one of the most dominant grocery brands in the country.

 The HFF retail investment sales team representing the seller was led by Nicholas Bicardo, Danny Reddin and Brandon Rogoff.

“Demand for San Francisco Bay Area retail continues to be at an all-time high,” Bicardo said.  “Los Gatos Village Square generated interest from every buyer profile, both domestic and offshore. Retail properties in Los Gatos seldom come available for sale, making this a truly rare opportunity.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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