Balboa Retail Partners Acquires Pinole Square Retail Center

Newmark has completed the sale of Pinole Square, a 91,000-square-foot retail community center in Pinole, CA. Located on a 10-acre parcel on Tara Hills Drive in the East Bay community, the property was purchased by Balboa Retail Partners from a Bay Area-based private family for an undisclosed amount.

Pinole Square has been anchored by Safeway and CVS for over 50 years, and is located just off Interstate 80 and Appian Way in the Contra Costa County trade area that includes Hilltop Mall. 

“Pinole Square is a prime retail site that offers tremendous short-to-mid-term redevelopment opportunity along the I-80 corridor,” said Newmark Vice Chairman Nicholas Bicardo who facilitated the transaction along wit the firm’s Associate Director Cheyne Bloch. “We have sold several assets similar to Pinole Square on the West Coast over the past 12 months and continue to see significant demand from capital for well-located retail sites.”