Jerry Hunt Of 300 Venture Group And Christopher George Of CMG Group Acquire Retail Site For $10.7M

A local investor group acquired an 8.4-acre site at 2651 Stoneridge Mall Road in Pleasanton, including a former Nordstrom store and parking lot. The sale price was $10.7 million, and the acquisition increases the group's holdings at Stoneridge Shopping Center to a total of 18.2 acres, with future redevelopment and re-tenanting under consideration.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,700,000
• Address: 2651 Stoneridge Mall Road
• Market: Pleasanton, CA
• Acres: 8.4
• Buyer: Jerry Hunt - 300 Venture Group
• Buyer: Christopher George - CMG Group

The acquisition was led by Jerry Hunt and Christopher George, who are looking into various options for the use of the newly acquired site and are focused on expanding their investment within the Stoneridge area.