Stockbridge Acquires Bay Area Retail Center
April 23, 2013 – Stockbridge has completed the acquisition of the Pinole Valley Shopping Center, a 65,790-square foot retail center situated at the intersection of Interstate 80 and Pinole Valley Road in the East Bay city of Pinole. The property is 92% leased to several national and regional brand retailers, including Trader Joe’s, Walgreens, Peet’s Coffee & Tea, Chipotle and Jamba Juice.
“This property is the dominant grocery-anchored retail center in a trade area with excellent retail demographics,” said Mark Carlson – Managing Director, Acquisitions. “Its high quality, strategic location and strong tenant roster make it an ideal candidate for a long-term investment,” he added.