The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 18, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Shopoff Realty Investments Venture Acquires Former Nordstrom Site in the Bay Area


Shopoff Realty Investments, in a venture with Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC, has acquired the former Nordstrom department store property located at the Stoneridge Mall in the Bay Area city of Pleasanton in a deal said to be worth about $16 mil. The property totals 8.37 acres including the former department store’s parking lot.

“This asset represents an opportunity to acquire a significant piece of property in a highly desirable market in Northern California,” explained Shopoff President and CEO William Shopoff. “Our fourth mall purchase in recent years, we are looking forward to working with the city to repurpose this property and deliver much needed new housing and other uses for the community.”

Pleasanton is situated roughly 30 miles north of San Jose in the East Bay. The transit-oriented site is within walking distance to the West Dublin Bart Transit Station, Workday Headquarters, Kaiser Permanente, and employment centers with over 2 msf of office space in the area. Pleasanton is also one of the top 10 school districts in California, making it an attractive community for families.

In an effort to meet the state mandated housing requirements, the city of Pleasanton adopted their 2023-31 Housing Element Plan in January 2023 which identifies sites available for redevelopment, including the Stoneridge Mall. Shopoff is exploring a variety of uses for the former retail space, including new housing, office and mixed-use retail.

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