Donahue Schriber Acquires Two New Retail Shopping Centers in San Francisco Bay Area
Costa Mesa, California—Donahue Schriber Realty Group recently closed on two grocery anchored retail shopping centers totaling nearly $132 million – – expanding their presence in the San Francisco Bay Area.
The first acquisition, Lakeshore Plaza in San Francisco, is anchored by Lucky, Ross Dress for Less, Petco, and Big 5 Sporting Goods. This 172,364 square foot center, built in 1993, serves the Sunset District in addition to West Portal and Saint Francis Wood. Lakeshore Plaza represents Donahue Schriber’s second acquisition in the City of San Francisco in the last two years.
Donahue Schriber also acquired Antioch Crossings, a 126,309 square foot neighborhood center located in Antioch, California. The Safeway-anchored center is located at the southeast corner of Hillcrest Avenue and Deer Valley Road.
Pat Donahue, Chairman and Chief Executive Officer, stated “The acquisition of Lakeshore Plaza and Antioch Crossings further expands our footprint in the gateway market of San Francisco and the greater Bay Area. Both assets align with our strategic plan of acquiring high volume, grocery anchored centers in high barrier to entry markets, while having the ability to further improve the already impressive lineup of tenants consistent with the Donahue Schriber brand.”
About Donahue Schriber Realty Group
Donahue Schriber Realty Group is a privately held Real Estate Investment Trust (REIT) valued at over $3.5 billion. The company currently owns and operates 60 neighborhood, community, and power shopping centers, encompassing over 11 million square feet of retail space throughout California, Oregon, and Washington. For more information about the company, visit www.DonahueSchriber.com.