SAN FRANCISCO, November 12, 2012– Colliers International has been retained as the exclusive marketing agent for Downtown Pleasant Hill, an approximate 345,687 square-foot entertainment, lifestyle and grocery-anchored center. The trophy-class property is owned by Loja Real Estate, LLC. Colliers International’s retail investment specialists Kevin Van Voorhis, Jay Gomez, and James Kaye, in San Francisco will market the property for sale.
Located in the heart of the Pleasant Hill submarket, Loja Real Estate is only the second owner of the center. The center was developed as part of the redevelopment of Pleasant Hill’s downtown area and has won design awards for its architectural style. The project boasts a unique open air format with attractive landscaping.
“This is an exciting, vibrant, downtown community entertainment center that brings people together with the movie theater, restaurants and an assortment of best in class retailers,” said Van Voorhis. “The center provides great stability and strong cash flow to a potential investor.”
The center provides a recession resistant “daily needs” draw to the property with the category dominant mix of users. The center is 98 percent occupied and anchored by six strong national retailers including Century Theatres, Lucky Supermarket, Bed Bath & Beyond, Ross Dress for Less, Michaels, and Golfsmith.
Positioned adjacent to Concord, Walnut Creek, and Lafayette, with easy access off I-680, which has more than 165,000 vehicles pass by the site per day. The property draws from both a local and regional clientele, Downtown Pleasant Hill has a population of 263,000 in a 5-mile radius, a daytime population of 278,000 and household incomes in excess of $104,000.
For more information, visit: http://vgkinvestments.listinglab.com/prop12821/index.cfm
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 522 offices in 62 countries. A subsidiary of FirstService Corporation, it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.