Parkway Plaza Parkway Plaza has been acquired by SyWest Development, an affiliate of a San Rafael holding company.

LINCOLN, CA—Parkway Plaza, a 205,452-square-foot retail center located at 51 N. Lincoln Blvd., was developed in 2007 by Parkway-Sterling Investors in a joint venture with Catlin Properties. Parkway-Sterling subsequently purchased Catlin’s interest.

Fast forward 10 years later, and secondary and tertiary markets are en vogue due to high Bay Area prices. As a result, the center has been acquired by SyWest Development for $21.6 million. It is anchored by Lowe’s Home Improvement, Dollar Tree and Big 5 Sporting Goods. The center was fully leased at the time of sale. Red Robin, Paradise Laundry and Verizon are other tenants in the center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Lisa Brown

Lisa Brown is an editor for the south and west regions of She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.