Creatively Reused Mall Comes to Market at $80M

OAKLAND, CA-Eastmont Town Center, a creatively reused enclosed mall here is on the market for $80 million. The 475,000-sf Eastmont Mall went dark about 10 years ago but is lit up with city and county offices. The 29-acre property also includes 140,000 sf of strip retail and some commercial pads that could be redeveloped as additional retail or housing.The 29-acre site is bounded by Foothill Boulevard and Bancroft and 73rd avenues. The site also includes 140,000 sf of strip retail and some out parcels that could be redeveloped into retail and/or housing, says the listing broker, Edward Suharski of Grubb & Ellis San Francisco.

“Alameda County and the City of Oakland decided in the late 1990s to start moving county and city tenancies to the property because of the availability of space and a desire to stabilize the East Oakland neighborhood,” the listing broker, Suharski tells GlobeSt.com. “What’s happening is the mall itself is gradually being taken over by the County of Alameda.”

A portion of the JC Penney department store is now Alameda County Health Department’s Wellness Center, which provides 40 different primary and medical specialty services. The Oakland Police Department opened a substation in what used to be Mervyns. Elsewhere in the mall, Alameda County Social Services Agency has offices for adult and aging services as well as a center for food stamps and other safety net programs.