Sterling Organization Purchases Retail Asset From Blackrock & Citivest For $61.1 Million

The retail property asset located at 1900 Tice Valley Boulevard in Walnut Creek has been sold for $61,100,000. The property encompasses a total area of 120,531 square feet, resulting in a price per square foot of $506.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $61,100,000
• Buyer: Sterling Organization
• Seller: Blackrock & Citivest
• Broker Representatives: Eric Kathrein, Geoff Tranchina, Gleb Lvovich & Daniel Tyner - JLL

This transaction involved key representatives from JLL, who facilitated the deal. Eric Kathrein, Geoff Tranchina, Gleb Lvovich, and Daniel Tyner played a crucial role in representing the buyer and seller. Their combined expertise contributed to the successful completion of this retail property sale.