Rossmoor Retail Partners Pays $35M for 106,281-SF Retail

WALNUT CREEK, CA-Rossmoor Retail Partners LLC, a venture of Tallen & Keshen Holdings, Citivest Commercial and an account managed by BlackRock has acquired Rossmoor Town Center. The 106,281-square-foot project is located in the East Bay suburb of Walnut Creek, CA and is currently anchored by Safeway and CVS.

The future plans for the project include updating the anchor tenants and repositioning the property into a “vibrant shopping center” including a variety of new retailers, restaurants, medical office space and other amenities in order to best serve the needs of local residents and the surrounding communities, according to a prepared statement. While Rossmoor Retail Partners tells GlobeSt.com that is cannot release the price at this time, GlobeSt.com learns that it changed hands for $35 million.