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Bay Area Retail Center Sells for Nearly $23M
Del Norte Marketplace, a fully leased, 64,270-square-foot, pharmacy-anchored shopping center located in the San Francisco Bay Area community of El Cerrito, CA, has traded hands for $22.5 million. Miami-based Jewell Capital, LLC purchased the asset and assumed the existing debt.
JLL’s Eric Kathrein, Tim Kuruzar, Bryan Ley and Jake Dempsey marketed the property at 11511-11565 San Pablo Ave. on behalf of the seller, RBL Real Estate.
The asset is a major East Bay drug-anchored retail center that was guided through a multi-year repositioning by RBL. The property now provides a long-term, stable income stream and potential to add density to the site in the future. It is home to a mix of e-commerce resistant and essential tenants, including Walgreens, Ross Dress for Less, dd’s Discounts and IHOP.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




