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?



RETAIL NEWS
Printer-friendly Version   Email an Associate
Downtown Monterey Retail Center Trades in $12 Mil Deal

8/03/16

Uptown Monterey, a 25.6k sf neighborhood shopping center in Monterey, sold for $12 mil ($469/sf). Positioned along California’s Central Coast, the fully leased property is anchored by Trader Joe’s and Pharmaca, and enjoys an in-fill location in Monterey’s downtown commercial district.

The center will also include a beer garden by Fieldwork Brewing Co. of Berkeley, who would not take occupancy of the property until after the close of escrow. The beer garden’s design is based around a re-purposed shipping container, similar to another location they have in San Francisco’s AT&T Park. Since they won’t be serving food, patrons are encouraged to bring their own. Other tenants at the property include R.G. Burgers, Verizon Wireless, Massage Envy, Ike’s Place, Chipotle and Peet’s.

Dan Wald, Don LeBuhn and Eric Kathrein of Cushman & Wakefield’s Retail Investment Advisors represented the seller, a partnership of the Pratt Company and Foothill Partners. The buyer, Retail Opportunity Investment Corporation, repped itself. Michael Schoeder, Managing Principal of Cushman & Wakefield’s Monterey Peninsula office, provided local market knowledge and expertise.





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