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July 16, 2024
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Walnut Creek Retail Center Gets New Owner


Midtown Plaza, a 24.9k sf urban retail center in Walnut Creek was acquired by an institutional client advised by L&B Realty Advisors. The price was not given out.

Midtown Plaza, located in the heart of downtown Walnut Creek at 1410-1444 North California Blvd and 1620-1630 Cypress St, spans half a block and includes a surface level parking lot. Anchored by Galpao Gaucho Brazilian Steakhouse and Premier Bath & Kitchen, the property is 100% leased to a dynamic mix of food, home improvement and service retail tenants.

Nicholas Bicardo, Rick Steffens and Cheyne Bloch with Newmark represented the undisclosed seller.
Due to its centralized location in Contra Costa County and accessibility to major freeways and BART, Walnut Creek serves as a hub for commuters both to and from the East Bay. The city’s desirable neighborhoods and top performing schools attract a highly educated and affluent population.

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