|
2/03/15
|
Donahue Schriber Realty Group just closed on its second Bay Area buy in less than a month. In this latest deal, the company purchased Gilman Village, a 91.3k sf, Whole Foods-anchored retail center in the East Bay city of Berkeley. The price was not immediately given out.
Gilman Village is located at 1025 Gilman, just west of San Pablo Ave and east of I-80, at 10th St in West Berkeley. The 47k sf Whole Foods is located on the north side and features the first Allegro Coffee (Whole Foods owned) on the West Coast in addition to its vast produce and other specialty food offerings.
Back in August 2012, Donahue Schriber structured an arrangement with Gilman Partners (a venture between Foothill Partners and The Pratt Company) in which they provided Gilman Partners construction financing for the development in exchange for a purchase option on the property once Whole Foods Market and Office Depot opened for business. With this deal, they’ve exercised that option.
Donahue Schriber is a privately-held Real Estate Investment Trust (REIT) with 70 shopping centers representing over 11 msf of retail space throughout California, Nevada, Arizona, Oregon, and Washington. The company also purchased the recently completed Village Oaks shopping center, a 320k sf center anchored by Target and Safeway located in San Jose, as reported by RENTV a week ago.
|
|
Return to the Archive page
|
|
|
|
|