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| Alameda Landing Shopping Center, 2600-2700 Fifth Street, Alameda, CA |
SAN FRANCISCO, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of a Real
Estate Investment Trust (REIT) that owns Alameda
Landing, a newly-built, 165,777-square-foot, grocery-anchored shopping
center in the San Francisco Bay Area community of Alameda, California.
HFF represented the
seller, Catellus. AFL-CIO Building
Investment Trust, for which PNC Bank is trustee and PNC Realty Investors, Inc.
is investment advisor, purchased the REIT free and clear of existing debt but
subject to certain preferred stock holders.
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| Nicholas Bicardo |
Situated on almost 80
acres at 2600-2700 Fifth Street, Alameda Landing is located on Alameda Island,
an affluent community in the heart of the San Francisco Bay Area.
The center is accessible
from Interstates 80, 580, 880 and 980 and adjacent to the Webster Street Tube,
which is less than a quarter of a mile away from the subject property.
Alameda Landing is 86 percent leased to
national and regional tenants, including grocery-anchor Safeway, Michaels,
Orange Theory Fitness, Chipotle, AAA Insurance and Bank of America. Alameda Landing is also shadow-anchored by
Target.
The HFF retail investment
sales team representing the seller was led by managing director Nicholas Bicardo.
“Alameda Landing is one of
the highest-quality, newly-built grocery-anchored retail centers in the Bay
Area,” Bicardo said. “Deals of this
scale and quality rarely come available in the San Francisco Bay Area. This will be a trophy in the buyer’s portfolio
for generations to come.”
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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