Loja Real Estate Acquires Bay Area Grocery-Anchored Shopping Center for $15.25 Million

Bay Area

Tracy Blvd

Transwestern Represents the Buyer of 86,943 SF Retail Center

Tracy, Calif., September 2, 2015 – Transwestern today announces it represented Loja Real Estate LLC in the acquisition of Tracy Corners Shopping Center for $15.25 million. The grocery-anchored, 86,943-square-foot center is located at 770 – 780 Clover Road and 3001 – 3323 N. Tracy Blvd. in Tracy, California. Transwestern Senior Vice President and Director of Investment Services Michael Cisternino and Associate Kyle Snyder represented the buyer in the transaction.

“The stabilized, diverse tenant mix at Tracy Corners Shopping Center made it an attractive investment, offering a quality return in a competitive market with limited inventory,” said Cisternino.

Anchored by Mi Pueblo Food Center, the shopping center’s other tenants include Harbor Freight Tools and O’Reilly Auto Parts. Located off Interstate 205 between Prime Outlets and the West Valley Mall, Tracy Corners Shopping Center is one of the largest retail/shopping centers to trade hands in Stanislaus County.

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Bay Area office, follow @TranswesternSF.

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