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Tuesday, May 24, 2016

RENTV.com: Bay Area Retail Center Trades for $12 Mil

 

RENTV.com reports:

"Olivera Crossing, a 47.6k sf, neighborhood shopping center in the Bay Area city of Concord, was acquired by Sterling Organization in a recent $12 mil ($252/sf) transaction. The asset was purchased via the firm’s institutional fund Sterling Value Add Partners II, LP (SVAP II).

Olivera Crossing is anchored by a brand new Planet Fitness. Olivera Crossing was originally developed in 1960 and was most recently renovated in 2005. At present, the property is 77% occupied."

Read the article online at RENTV.com.