Glen Cove shopping Center bought for $13M - San Francisco Business Times:

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million, the first Northern California shoppinh center to sellthis year. The property, a 66,000-square-foot neighborhood shoppintg center, is located in the Glen Cove sectiojof Vallejo, California along Interstate 780. Glen Cove is anchoree by a 50,360-square-foot supermarket and featuresz a varietyof neighborhood-serving retail tenants. The selled was a joint venture betweeh and Prudential RealEstate Investors. The Wald Team of Terranomicw RetailServices -- Dan Dave Nord and Steve Holm -- representex the seller. Mark Koenig and John Schaefer of TerranomicsRetaip Services’ San Rafael office also worked on the deal for the The $12.9 million price tag representedr a 7.71% cap rate.
“We thinm it portends a more positive 3rd and 4th quarterd for retailinvestment sales. In while many bemoan the lack of equity capital inthe market, our Team was able to brinv 22 investors to the call for said Wald.