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Concord Retail Destination Trades Hands

San Francisco-based Long Market Property Partners, LLC and Paragon Commercial Group, LLC acquired the Shops at Todos Santos in downtown Concord, CA for a reported $18.97 million. The full city block was sold by an unnamed private family, which originally purchased a portion of the site in 1901, and over time, aggregated the remainder of the block.

Comprised of more than 40,000 square feet of retail space on 2.15 acres, the center is currently 100% occupied by 15 local, regional and national tenants

Long Market Property Partners’ Justin Shapiro says the investors recognized “a unique opportunity” in a prime downtown retail growth market that offers the “potential for upgrades” to solidify its place as the market’s “dominant retail destination.”

Newmark Cornish & Carey’s Forrest Gherlone, Mike Zylstra, Keith Marr and Zachary LeBeouf handled the disposition. The buyers were self-represented.

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect With Long Market Property Partners’ ShapiroConnect With Newmark Cornish & Carey's Gherlone

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition