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LARKSPUR, CA-J.S. Rosenfield & Co. has acquired Larkspur Landing Shopping Center, a 173,000-square-foot retail center in Marin County from Inland Western Retail Real Estate Trust Inc. Rosenfeld paid $65 million for the center, which has approximately 50,000 square feet of vacancy.

The center sits on 16 acres adjacent to the Larkspur Ferry terminal, which is linked to the property by an elevated pedestrian walkway. The center is anchored by five one- and two-story multi-tenant buildings that surround a cobblestone courtyard. The property also has several pad buildings, including a 50,000-square-foot Bed, Bath and Beyond, and parking for nearly 1,000 cars.

Rosenfield & Co. plans to reposition the center as a “country mart,” which it describes as “an intimate non-anchored, open air, public environment with services, shops, boutiques, and food purveyors.” The company similarly repositioned a center in West Los Angeles that it now calls Brentwood Country Mart.

“The key to the success of the country mart concept is its welcoming environment with its exceptional public spaces, essential local services, restaurants and extraordinary boutique shops,” says Rosenfeld & Co principal James Rosenfield. “But what sets the country mart apart from other retail concepts is the architecture that takes into consideration the human scale, something that has been largely forgotten in the monumental focus of today’s malls and large retail centers.”

Baldauf Catton Von Eckartsberg Architects of San Francisco will be handling the redesign of the Larkspur Landing property. The firm’s resume includes the renovation of the historic The Ferry Building in San Francisco. Wilson Meany Sullivan, whose resume also includes the Ferry Building, is handling both property management and leasing at Larkspur Landing. Rosenfield was not immediately available Thursday afternoon to provide more detail on the center’s availability, believed to be mostly shop space.

Repositioning plans include renovating facades and upgrading the existing buildings, the removal of the existing “hardscape” in the center of the property and its replacement with picnic and outdoor eating areas, and children’s playground. The area also will feature several public gardens where restaurant tenants can grow and harvest their own fruits, herbs and vegetables. Rosenfeld says he hopes to attract the Bay Area’s finest food purveyors as well as the type of boutique shops normally found on great retail streets such as Fillmore Street in San Francisco, Montana Avenue in Santa Monica or Madison Avenue in New York.

Rosenfeld represented his company in the transaction. Inland was represented in-house by its chief investment officer Shane Garrison.

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