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Trumark Sells Last Piece of Carter Station

NEWARK, CA-The 14,399-sf retail component of the 18-acre mixed-use development is acquired by San Francisco Bay Area investors for $3.38 million. Trumark began developing Carter Station about three years ago.

By Michelle Savage | Updated on November 24, 2002

NEWARK, CA-The 1.5-acre, 14,399-sf retail component of a large, mixed-use development here has traded hands for $3.38 million. It tenants include Starbucks, Subway Sandwiches, Future Paging & Cellular, Carter Station Market, Dentist: Dr. Moghaddam and King Egg Roll.

The seller is Trumark Cos., the developer of the overall project, which covers 18.25 acres and is called Carter Station. The buyers are San Francisco Bay Area investors Pritam and Manjit Grewal. Fernando Cuebas of Meacham/Oppenheimer Inc. represented Trumark. The buyers were represented by Manjit Aulakh of A-1 Realty in San Francisco.

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