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Alan Sneider Acquires Hilltop Plaza Retail Center In Richmond For $36.5M

Property Image
SOLD
$36,500,000
Warren McClean
Geoff Tranchina
Gleb Lvovich
+ 1

California

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Retail491,842 SF
Sold 06/10/2024
the dealplayerscompscontact
Property Image
SOLD

Alan Sneider Acquires Hilltop Plaza Retail Center In Richmond For $36.5M

3190 Klose Way & 4251 Klose Way

See Similar Deals
Retail491,842 SF
Sold 06/10/2024
Warren McClean
Geoff Tranchina
Gleb Lvovich
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$74
Total Square Footage:491,842 SF
Transaction Type:Sale

The retail property at 3190-4251 Klose Way in Richmond, CA has been sold for $36.5 million. The asset, known as Hilltop Plaza, spans 245,921 square feet of space. The transaction involved the buyer Alan Sneider of Primestor Development and the seller David R. Lukes of Site Centers Corp.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $36,500,000
  • Address: 3190-4251 Klose Way
  • Market: Richmond
  • Square Footage: 245,921
  • Buyer: Alan Sneider - Primestor Development
  • Seller: David R. Lukes - Site Centers Corp.
  • Brokers: Eric Kathrein, Geoff Tranchina, Gleb Lvovich & Warren McClean - JLL

The acquisition of Hilltop Plaza marks Primestor Development's inaugural deal in Northern California. The retail center, with 88% occupancy, is home to tenants like Ross Dress for Less and Cinemark. Primestor Development has plans to introduce additional tenants to further enhance the property's tenant mix.

Players

Eric Kathrein
JLL
Eric Kathrein
20 deals$800.3M volume(415) 510-6961
BROKER
Gleb Lvovich
JLL
Gleb Lvovich
63 deals$2.2B volume
BROKER
Geoff Tranchina
JLL
Geoff Tranchina
48 deals$2.3B volume
BROKER
Warren McClean
JLL
Warren McClean
14 deals$480.3M volume
BROKER

Details

SOLD
IMAGE: Alan Sneider, David R. Lukes, Eric Kathrein, Geoff Tranchina, Gleb Lvovich & Warren McClean DATE: 06/10/2024 ADDRESS: 3190-4251 Klose Way MARKET: Richmond ASSET TYPE: Retail BUYER: Alan Sneider (@ASneider) - Primestor Development (@PrimestorDevelopment) SELLER: David R. Lukes - Site Centers Corp. BROKERS: Eric Kathrein (@Eric_Kathrein) , Geoff Tranchina, Gleb Lvovich & Warren McClean - JLL (@JLL) SALE PRICE: $36,500,000 SF: 245,921 ~ PPSF: $148 NOTE: Primestor Development acquired Hilltop Plaza, a 245,921-square-foot retail center in Richmond, CA, for $36.5 million, marking its first Northern California deal. The 88% occupied center features tenants like Ross Dress for Less and Cinemark, with plans for further tenant additions.

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