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9/28/10
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A three-asset office and retail portfolio totaling 210k sf in Roseville has been put on the market, with Grubb & Ellis team of Steven Golubchik and Nicholas Bicardo handling the listing. The properties, Stoneview Plaza, Eureka Ridge Plaza and Fairway Commons II, will be sold out of receivership on behalf of JER Special Servicing.
Located at 3001 Lava Ridge Ct, Stoneview Plaza is a three-story, Class A office building containing 108.3k sf of space and situated on approximately 5.5 acres of land. The building is 83 percent leased to a variety of tenants, including mortgage, law and realty firms. Constructed in 2005, Stoneview Plaza is located in downtown Roseville and provides unobstructed views of the Sierra Nevada Mountains. The property is within close proximity to I-80 and Hwy 65.
Eureka Ridge Plaza is an institutional quality 37k sf retail strip center located at 1470-1490 Eureka Rd. Anchored by Crush 29, a high-end restaurant, the property was constructed in 2005 on 4.2 acres of land. Eureka Ridge Plaza is situated at the intersection of Eureka Rd and Rocky Ridge Dr, a significant retail hub in Roseville. The center is within close proximity to I-80.
Fairway Commons II is a community retail center consisting of 65k sf of space situated on 4.8 acres of land. Located at 10241 – 10271 Fairway Dr, the property offers a direct exit from Hwy 65. The retail center was formerly anchored by Circuit City.
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