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MILL VALLEY, CA-A Whole Foods-anchored shopping center has changed hands. GRI Alto Center LLC has paid more than $12 million for the Alto Center Shops, a multi-tenant retail complex measuring 20,000 square feet in Mill Valley.

A partnership owned the shopping center for nearly 30 years. The deal was completed in the low 6 capitalization range between $600 and $700 per square foot. Dean Copans, Kent DeSpain and AJ Schrader with Retail West represented both the buyer and the seller in the deal.For the full story, go to San Francisco Business Times.

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