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Small Retail Center Fetches $358 Per SF

PLEASANTON, CA-C&H Development Co. of Walnut Creek, CA, acquires the 98% leased property from WB Bernal LLC for $12.8 million.

By Brian K. Miller | Updated on October 20, 2005

PLEASANTON, CA-Bernal Plaza, a small retail center here, has changed hands for $12.8 million, or $358 per sf. The new owner is C&H Development Co., a retail developer based in Walnut Creek, CA. The seller was WB Bernal LLC, an affiliate of New York-based Westbrook Partners.

The 35,721-sf unanchored strip center is located just off Interstate 680 and the corner of Bernal and Valley avenues, adjacent to Bernal Corporate Park. The highest-credit tenant is Fremont Bank.

Andy Zighelboim with Colliers International’s investment services group in Walnut Creek led a sales team that included fellow Colliers brokers Kevin Van Voorhis and Scott Kinsey. Ted Helgens of Colliers’ Pleasanton office represented C&H.

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