Pine Tree Commercial Signs New Lease for Gateway Centre in San Ramon

San Ramon, Calif. – Northbrook, Ill.-based Pine Tree Commercial Realty, LLC announced that Suvia Salon Suites recently signed a lease for 6,500 square feet at  Gateway Centre in San Ramon, Calif. The privately held salon, headquartered in Fremont, Calif., plans to open here in early 2014.

The 110,440 square-foot Gateway Centre is anchored by Walgreens, McDonalds and Lucky, and located on the northwest corner of San Ramon Valley and Alcosta Boulevards, at the Alcosta exit off Interstate 680.

“I think Suvia will enjoy great success in this location,” says Pine Tree Senior Director of Leasing Tim Roe. “Suvia’s full-service salon concept will appeal to our existing customers and help attract new visitors to the Gateway Centre.”

Pine Tree acquired the property in 2006 in partnership with a state pension fund advised by London-based Henderson Global Investors. Patric Davis and Robin Newton of Colliers International represented ownership in the transaction.

About Pine Tree Commercial Realty LLC
Pine Tree Commercial Realty LLC is a full-service real estate development company based in Northbrook, Ill. Since its founding in 1995, Pine Tree has acquired and developed 64 properties valued over $675 million. The company’s projects are located across the United States.  For additional information, please visit www.pinetreecommercial.com.

About Henderson
Established in 1934, and principally located in London, Henderson is one of Europe’s largest investment managers, with approximately $103 billion in assets under management and more than 1,000 employees worldwide. An independent global asset management firm, Henderson provides its institutional, retail and high net-worth clients with access to skilled investment professionals across a range of asset classes representing equities, fixed income, real estate, and private capital.  Henderson has been investing in property over four decades, and has approximately $19.2 billion in real estate assets under management globally and approximately 200 property staff in 15 offices across the US, Europe and Asia. With a market leading real estate research capability, Henderson Property invests in all commercial sectors and manages funds with sector and regional themes for investors across the globe. Henderson’s North American Property team, established in 1999, primarily focuses on US core and value-add investments, both directly and through its Manager of Partners joint venture program, for open and closed-end commingled funds, club vehicles and separate accounts on behalf of institutional clients. Its total portfolio is currently comprised of 100 properties across more than 25 US major markets (as of June 30, 2013). Its senior team averages 25 years of real estate experience.  www.henderson.com/property

West Coast Commercial Real Estate News