Transnational Management Limited Acquires Retail Properties In Gilroy California For $22.8M

The retail asset located at 6735-6755 Camino Arroyo & 6815-6835 Camino Arroyo in Gilroy, CA, was sold for a transaction amount of $22,800,000. The property comprises storefronts leased to tenants such as PetSmart, Michaels, and Daiso.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $22,800,000
• Buyer: Transnational Management Limited
• Seller: Nicolas Giauque - Farallon Capital Management
• Market: Gilroy, CA
• Note: This transaction is part of a series of sales involving Gilroy Crossing, including a previous $12.6 million sale of a Kohl's property and three other parcel sales totaling more than $15 million this year.

Nicolas Giauque represented Farallon Capital Management in this transaction, which contributes to the ongoing restructuring of the Gilroy Crossing portfolio. Transnational Management Limited continues to expand its footprint in the retail sector in Texas, highlighting a strategic move in the market.