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Shapell Leasing Up Plaza at Gale Ranch

SAN RAMON, CA-The 127,000-sf neighborhood office and retail center is anchored by a 60,000-sf Safeway grocery store that opens this week. The remainder is 34% preleased.

By Brian K. Miller | Updated on August 22, 2007

SAN RAMON, CA-Tenants are following Safeway to the Plaza at Gale Ranch, a mixed-use neighborhood center here that is being developed by Shapell Homes, which is building a nearby master-planned community called Gale Ranch. The 126,000-sf development includes 103,000 sf of retail and 23,000 sf of office space.

Safeway is opening a 60,000-sf store on the property this week. The remainder of the center is under construction. The remaining retail is about 55% preleased and several other retail leases are under negotiation, a company source tells GlobeSt.com. Leases are being negotiated for about half of the office space.

The 11-acre development is located at the intersection of Bollinger Canyon and Dougherty roads. Other retail tenants include a Safeway gas station, Wells Fargo Bank, Union Bank, Ascona Pizza, Gale Ranch Dental Group, Gale Ranch Pediatric Dentistry and Gale Ranch Orthodontics, Peet’s Coffee & Tea and Fat Cactus Bar & Grille. Kelly Erardi, vice president of Shapell’s commercial division, says additional leases are under negotiation with a nail salon, dry cleaner, family hair salon/barbershop and sandwich shop. Shapell is also working with an ethnic-food restaurant operator to lease one of the restaurant sites.

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