Glen Cove shopping Center bought for $13M - San Francisco Business Times:

jabire2389.blogspot.com
million, the first Northerjn California shopping center to sell this The property, a 66,000-square-foot neighborhood shopping center, is located in the Glen Cove sectiomn of Vallejo, California alongv Interstate 780. Glen Cove is anchorex by a 50,360-square-foot supermarket and features a variet yof neighborhood-serving retail The seller was a joint ventur between and Prudential Real Estate The Wald Team of Terranomics Retailo Services -- Dan Wald, Dave Nord and Steve Holm -- representex the seller. Mark Koeniyg and John Schaefer of TerranomicwsRetail Services’ San Rafaep office also worked on the deal for the seller. The $12. million price tag represented a 7.71 cap rate.
“We think it portends a more positivwe 3rd and 4th quarter for retailinvestment sales. In while many bemoan the lack of equity capitaol inthe market, our Team was able to bring 22 investorse to the call for offers,” said