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September 23, 2020
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JB Matteson Inc Completes Bay Area Res buy


JB Matteson Inc purchased Tralee Village Apartments, a 130-unit luxury apartment community in the Bay Area city of Dublin. Although the price was not disclosed, industry sources estimate a value of around $55 mil ($423k/unit).

Tralee Village Apartments, a Class A, 127.3k sf apartment community built in 2011, offers one-, two-, and three-bedroom flats, lofts, and townhomes. Each residence features nine-foot ceilings, granite kitchen countertops, stainless steel appliances, full-sized washers and dryers, dual pane windows, and patios with balconies. Shared community amenities include a fitness center, large pool, business center, secured underground parking with elevator access, and open green space.

Surrounding job centers include Hacienda Business Park and Bishop Ranch, two of the Bay Area’s largest business parks. The community is within close proximity to shopping opportunities at Stoneridge Mall with Macy’s and Nordstrom, Hacienda Crossings with Regal Cinemas, Dublin Place with Safeway and Target, Persimmon Place with Whole Foods Market, Rose Pavilion with Trader Joes, and Home Depot.

Tralee Village Apartments is less than a mile from the both Pleasanton/Dublin BART stations, I-580 and I-680 – offering easy access to Downtown San Francisco, Downtown Oakland, Oakland International Airport, Downtown Berkley, and more locations near the San Francisco Peninsula.

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