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BH Properties Expands NorCal Footprint with Fairfield Center
BH Properties has acquired a dual-building, multi-tenant retail center located at 1370–1380 Holiday Ln. in Fairfield, directly adjacent to Interstate 80 and the one-million-square-foot Solano Town Center. The acquisition for an undisclosed amount expands the firm’s growing Northern California portfolio.
The 24,604-square-foot property consists of two high-profile buildings on a 2.34-acre parcel. Currently it’s 58% vacant, representing a compelling lease-up opportunity. The existing tenant roster includes Aspen Dental, Peet’s Coffee & Tea, Togo’s Sandwich Shop and Golden 1 Credit Union.
“This acquisition reflects our ongoing strategy of targeting fundamentally sound retail assets in high-traffic corridors,” said Jim Brooks, president of BH Properties. “The site’s visibility, access, and existing tenant lineup provide a solid foundation for long-term income growth through active leasing and repositioning.”
The undisclosed seller was advised by Don MacLellan and Scott DeYoung of Faris Lee Investments, and by John Cumbelich and Joe Kuvetakis of John Cumbelich & Associates.
- ◦Sale/Acquisition
