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Donahue Schriber Increases Bay Area Presence

SAN FRANCISCO—The investor makes its second Bay Area purchase in the past month with the purchase of Gilman Village, a 91,300-square-foot retail center anchored by a Whole Foods Market.

By Kelsi Maree Borland | Updated on February 03, 2015

SAN FRANCISCO—Donahue Schriber Realty Group has increased its bay area presence with the purchase of Gilman Village, a 91,300-square-foot shopping center in Berkeley that is anchored by a Whole Foods Market, from Gilman Partners. The property is the firm’s second bay area purchase this month. The purchase price of the shopping center was not disclosed, however, industry sources unrelated to the deal have estimated the purchase price at $33 million. 

“Donahue Schriber is highly focused on increasing its presence in coastal California and the Pacific Northwest,” Dave Mossman, chief investment office for Donahue Schriber, tells GlobeSt.com. “During the recession these areas were clearly more resilient than others. The company also aligns itself with top-quality anchors in each given retail sector.”    

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