Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 18, 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?





NORTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
91k sf Retail Center in the East Bay Gets New Owner

1/20/23

In an East Bay retail trade, Balboa Retail Partners purchased Pinole Square, a 91k sf retail community center in Pinole, roughly 17 miles north of Oakland. The property is located at 1201-1577 Tara Hills Dr, on the northwest side of I-80.

Pinole Square has been anchored by Safeway and CVS for over 50 years. Situated on 10 acres, the property is centrally located within the Pinole, Hercules, Richmond and San Pablo trade area. This vibrant retail market is home to the 1.3 msf Hilltop Mall, anchored by Macy’s, Hilltop Auto Plaza as well as Target, TJ Maxx, Michael’s Arts & Crafts, BevMo!, Toys R’ Us, Best Buy, Orchard Supply Hardware, ULTA and Cinemark.

The seller was a private family based in the Bay Area. Nicholas Bicardo and Cheyne Bloch with Newmark were involved in brokering the transaction. A price was not immediately disclosed.

According to Newmark Research, retail was the only sector to increase investment sales year-over-year. Investment sales across all property sectors declined 23% year-over-year and 27% quarter-over-quarter, in the third quarter of 2022. Even so, it was the second best third quarter on record.





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