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LA Firm Expands Bay Area Presence

WALNUT CREEK, CA-Doerken Properties, which already owns shopping centers in Novato and Dublin, is acquiring Citrus Center, a 101,000-sf shopping center in Walnut Creek that is 100% occupied with tenants that include Bank of America, Washington Mutual and Nob Hill Foods.

By Marsha Trent | Updated on April 02, 2001

WALNUT CREEK, CA-The recent acquisition of the101,000-sf Citrus Center here is the third Bay Area property Los Angeles-based Doerken Properties has added to its portfolio. Following the $16.3 million acquisition, the company plans significant upgrades to the area shopping center.

The property, located at the northeast corner of Oak Grove Toad and Citrus Boulevard is 100% occupied. Tenants include Bank of America, Washington Mutual and Nob Hill Foods. Upgrades to the property will include remodeling the frontages on buildings occupied by the two banks and improve signage and landscaping throughout the property.

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