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Eleven Bay Area Shopping Centers Go to Weingarten

SAN FRANCISCO-The portfolio, acquired from Burnham Pacific Properties, includes centers in Castro Valley, Sacramento, Vacaville, Fremont, San Jose, Benecia and Santa Rosa. All of the shopping centers are over 96% leased.

By Marsha Trent | Updated on April 09, 2001

SAN FRANCISCO-Eleven Bay Area supermarket anchored shopping centers were part of the $77.5 million, 19-property acquisition by Weingarten Realty Investors. The Texas-based REIT purchased the 2.5-million-sf portfolio from San Diego-based Burnham Pacific Properties Inc.

The Northern California properties include centers in Castro Valley, Sacramento, Vacaville, Fremont, San Jose, Benecia and Santa Rosa. All of the shopping centers are over 96% leased.

In Castro Valley, Weingarten acquired a 101,565-sf center anchored by PW Foods and a 24-Hour Fitness. In Sacramento, the company acquired the 76,697-sf Arcade Square anchored by Grocery Outlet and the 93,398-sf Discovery Plaza anchored by Bel Air Market.

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