Jim Pattison Developments Acquires Retail Asset In Concord For $18.3 Million

A retail asset located at 5190 Clayton Road in Concord was sold for $18,300,000. The property encompasses an area of 61,000 square feet, translating to a price per square foot of approximately $300. This transaction reflects an assessed value that is 11.6% above the property's assessed value from January 2024.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,300,000
• Buyer: Jim Pattison - Jim Pattison Developments
• Market: Concord
• Square Footage: 61,000
• Price Per Square Foot: $300

This transaction is part of Canadian billionaire Jim Pattison's strategy, marking his second acquisition of a grocery property in the Bay Area within the same year. The deal occurs amidst rising U.S.-Canada trade tensions, yet Canadian investors like Pattison continue to engage in the U.S. real estate markets.