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August 12, 2022
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RETAIL NEWS
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Bay Area Retail Center Gets New Owner in $20 Mil Sale

6/27/22

Village Shopping Center, a 67.2k sf, two-story retail center in Danville, CA, sold for $20.4 mil, or $303/sf. The buyer was Blake Griggs Properties LLC.

Built in 1977, Village Shopping Center is occupied by 32 tenants, ranging from essential services to restaurants and office spaces. Some of the notable tenants include Fitness 19, Danville Chamber of Commerce and Discovery Counseling Center.

The property benefits from its excellent location just off of San Ramon Valley Blvd, one of the most traveled streets in Danville with over an average daily traffic of over 22,000 vehicles. Danville in located in the East Bay, roughly 22 miles east of Oakland.

Vince Schwab with Marcus & Millichap procured the buyer and represented the seller, Montair Associates. According to Schwab, the listing generated multiple strong offers.




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