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RossMoor Shopping Center Predicted to Fetch $40M

WALNUT CREEK, CA-Given the value-add potential, the asset is expected to go for more than $40 million, says marketing advisor CBRE.

By Natalie Dolce | Updated on September 02, 2011

WALNUT CREEK, CA-CB Richard Ellis has been retained as the exclusive marketing advisor for Rossmoor Shopping Center, a 107,578-square-foot grocery anchored community center located in the highly affluent Northern California city of Walnut Creek. According to a CBRE broker involved in marketing the center, the asset will not be priced.

The broker points out that based upon recent transactions in the market and demand for this type of asset, “it is expected to sell at a price in excess of $40 million. The CBRE marketing team consists of sales professionals Don LeBuhn, David Noravian and Heath Kastner.

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