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| Alamo Plaza, Stone Valley Road and Danville Boulevard, Alamo, CA |
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| Nicholas Bicardo |
SAN FRANCISCO, CA –-
Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Alamo Plaza, a 195,147-square-foot,
fortress, grocery-anchored shopping center in the San Francisco Bay Area
community of Alamo, California.
HFF marketed the property
on behalf of the seller, Invesco Real Estate.
Donahue Schriber purchased the asset.
Alamo Plaza is the only
grocery/drug-anchored shopping center in Alamo, an affluent East Bay
community.
Consisting of seven
multi-tenant and single-tenant buildings, the 93-percent-leased center is home
to a variety of national and regional tenants, including Safeway, Rite Aid,
Richards Crafts, Bank of America, 24 Hour Fitness, Panera Bread, Wells Fargo,
Peet’s Coffee & Tea, Xenia Restaurant, Alamo Pet Care and Bagel Street
Café.
Situated on 18.05 acres at
the northwest corner of Stone Valley Road and Danville Boulevard in Alamo,
Alamo Plaza is proximate to an on- and off-ramp to Interstate 680 and is midway
between Walnut Creek and Danville.
The HFF investment sales
team representing the seller was led by Nicholas
Bicardo, Danny Reddin and Brandon Rogoff.
“Alamo Plaza is a top-tier
grocery/drug-anchored center in the Bay Area and one of the most sought after
retail assets that have come to market since the downturn,” Bicardo said. “The combination of location, surrounding
demographics, tenant roster and embedded value with below-market leases checked
every box for all investor groups and resulted in an extremely competitive
bidding process.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
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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