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Loja Sells Shopping Center for $100M

WALNUT CREEK, CA-An account advised by the US real estate business of UBS Global Asset Management is expected to carry on with the program of improvements Loja has already instituted for the retail property.

By Natalie Dolce | Updated on March 13, 2013

WALNUT CREEK, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that an account advised by the US real estate business of UBS Global Asset Management has paid approximately $100 million for Downtown Pleasant Hill Shopping Center here in Pleasant Hill, CA. Loja Real Estate LLC is the seller of the 345,687-square-foot property.

Loja Real Estate is a wholly-owned subsidiary of Loja Group LLC, a real estate investment management firm, and, according to CEO Tom Engberg, UBS is expected to “carry on with the program of improvements” that Loja instituted at the property.

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