The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



BAY AREA NEWS
Printer-friendly Version   Email an Associate
ValueRock Realty Partners Spends $28 Mil on Two NoCal Retail Properties

1/22/18

ValueRock Realty Partners has acquired two NoCal retail properties in deals totaling $28.5 mil. The acquisitions consisted of University Village, a 43.9k sf, grocery-anchored retail center at 1075-1095 Monroe St in Albany, and Sprouts Farmers Market, located at 90 SE Bidwell St in Folsom.

ValueRock acquired University Village for $19.25 mil and the Sprouts in Folsom for $9.25 mil. Both properties were purchased from Twin Cities-based national property development firm Oppidan.

University Village is anchored by Sprouts Farmers Market, along with Pet Food Express, Starbucks, Banfield Pet Hospital, and The Habit Burger, among others. The property is located at the western gateway to UC Berkeley. An added draw to this property is that all of the tenants are food and service- oriented, making the center highly-resistant to internet competition.

The Sprouts is located directly on Bidwell St, which is the main commercial corridor for the City of Folsom. The property was formerly an Orchard Supply Hardware and was recently converted to a Sprouts.

“We purchased both of these properties with 1031 proceeds. Specifically, we wanted to expand ValueRock’s portfolio in Northern California. Looking forward, we will continue to seek out grocery- anchored assets similar to these properties as they are excellent pieces of real estate in high income-insulated areas,” said Dennis Vaccaro, senior vice president, ValueRock Realty Partners.






Return to the Archive page


 
 
 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media