Grocery-Anchored Center Wins in High Barrier Zip Code

ALAMO, CA—When you combine the power of an anchor tenant such as Safeway with the likes of Rite-Aid, Panera Bread, Peet’s Coffee and Tea and Round Table Pizza, along with numerous other restaurants and shopper conveniences, you get a center that’s in high demand with investors. That’s just what happened when Donahue Schriber Realty Group recently acquired Alamo Plaza from Invesco Advisers for an undisclosed price.

The Safeway-anchored property is located at the northwest corner of Stone Valley Road and Danville Boulevard. The 195,147 square foot shopping center features long-term tenants Safeway, Rite-Aid, 24 Hour Fitness, Richards Arts and Crafts and many restaurants. With access to and from Interstate 680 less than a quarter of a mile away, Alamo Plaza not only serves the residents of Alamo, but also commuters from Danville, Walnut Creek and other communities in the San Ramon Valley.