American Realty Buys $51M Dublin Retail

DUBLIN, CA–American Realty Advisors (American), an institutional real estate investment manager, has acquired the Dublin Place Shopping Center, a 283,506-square-foot retail shopping center for $51.1 million or slightly more than $180 per square foot. The property is currently 97% occupied and anchored by a mix of tenants including Target, Hobby Lobby, Burlington Coat Factory and Toys R Us. American acquired the center with an in-place stabilized revenue stream, yet will be able to maximize yields based on the desirable location in a rapidly growing market.

The center is located at 6920-7202 Amador Plaza Rd., 7590 Amador Valley Blvd. and 7505-7533 Dublin Blvd. within a strong, growing submarket of downtown Dublin. Adjacent to the intersection of Interstates 580 and 680, the center has a close proximity to the West Dublin/Pleasanton BART station.