Ohio REIT Buys Oakland Whole Foods

By Jon Peterson Beachwood, Ohio, -based DDR Corp. has paid $41 million to acquire the 57,000 square-foot Whole Foods store in Oakland located at 230 Bay Place at the intersection of Harrison Street near Lake Merritt. The property sold for less than a 6 percent capitalization rate, or initial yield, said Nicholas Bicardo, managing director […]