DUBLIN, CA-Loja Real Estate LLC has sold of Shops at Waterford in Dublin, CA to an entity managed by American Realty Advisors. An unidentified source not involved in the deal tells GlobeSt.com that it traded hands for approximately $50 million, however Colliers International, who brokered the deal along with Eastdil Secured couldn’t confirm or disclose anything on price at this time.
Loja acquired the Shops at Waterford only a year ago for what the unidentified source says was $43.8 million. The Shops at Waterford is a 125,670-square-foot neighborhood shopping center, anchored by Safeway and also occupied by a variety of local stores, chain stores and restaurants. The property is located on the northwest corner of Tassajara Road and Dublin Blvd. in Dublin, CA. According to a prepared statement, the Shops at Waterford “holds a very strong position within the local market area.”
Kevin Van Voorhis, senior vice president of Colliers International’s Van Voorhis, Gomez, and Kaye Investment Team, says that “This transaction is representative of the strong investment demand for core, grocery-anchored retail in the Bay Area and our Team’s focus on representing Bay Area commercial real estate owners and investors.”
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
