Donahue Schriber Realty Group, a West Coast owner, operator, and developer of neighborhood, community, and power shopping centers, acquired Alamo Plaza from Investco Advisors, Inc. on December 22. The Safeway anchored property is located at the northwest corner of Stone Valley Road and Danville Boulevard in Alamo, California.
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Costa Mesa, Calif.-based Donahue Schriber recently acquired Alamo Plaza in Alamo, Calif. (Photo: Business Wire)
The 195,147 square foot shopping center features a top-producing Safeway, Rite-Aid, 24 Hour Fitness, Richards Arts and Crafts, Peet’s Coffee & Tea, Panera Bread, and more. 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.
Alamo Plaza was Donahue Schriber’s fifth acquisition of 2015. Other recent purchases include Gilman District in Berkeley, California, Village Oaks Shopping Center in San Jose, California, Lakeland Town Center in Auburn, Washington, and Interbay Urban Center in Seattle, Washington. “Donahue Schriber is so pleased to be the new owner of Alamo Plaza. We look forward to serving the community and adding to the already strong tenant mix. The property was a natural fit for Donahue Schriber as we continue to seek prime grocery/drug anchored centers in high barriers to entry locations from San Diego to Seattle,” said Chairman and Chief Executive Officer, Pat Donahue.
Donahue Schriber is a privately-held Real Estate Investment Trust (REIT) with 66 shopping centers representing over 10 million square feet of retail space throughout California, Nevada, Oregon, and Washington. For more information about the company, visit its website at www.DonahueSchriber.com.
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