Free Web Counter s
 
California Multihousing Group
 
 
Click to go to the Available Properties pageClick to go to the Recent Transactions pageClick to go to the Team pageClick to go to the Qualifications pageClick to go to the Press pageClick to go to the Contact page
 
 
Press
 

September 2007

Arroyo & Coates Negotiates the Sale of a Grocery Anchored Shopping Center in Silicon Valley

San Francisco, CA (October 2007) -- Arroyo & Coates announced today that it acted as advisor to Tully Corners Associates, LP in the disposition of Tully Corners Shopping Center, a 115,992 SF, Food Maxx anchored shopping center in San Jose, CA. The purchase price was undisclosed. The property was acquired by WR Tully LP, an affiliate of Weingarten Realty Investors, and a private investment group as tenants-in-common. Originally constructed in 1988, Tully Corners Shopping Center is located on the Southwest Corner of Tully Road and Quimby Road in San Jose. The center contains national tenants such as Petco, Payless Shoe Source, and Party America. The seller was represented in the transaction by Pedro Arroyo and Vincent Aicale of Arroyo & Coates. The buyer acted on its own behalf. Gary Scott, Regional Director of Acquisitions for Weingarten Realty Investors, commented, “Tully Corners has the dominant grocer in the trade area, FoodMaxx, and the center offers the opportunity for strong future rent growth.” As one of the largest real estate investment trusts listed on the New York Stock Exchange, Weingarten Realty Investors (NYSE: WRI) is focused on delivering solid returns to shareholders by actively developing, acquiring, and intensively managing properties in 23 states that span the United States from coast-to-coast. The Company's portfolio of 420 properties includes 342 neighborhood and community shopping centers and 78 industrial properties. Including tenant-owned square footage, the Company's portfolio under management totals more than 70 million square feet. Weingarten has one of the most diversified tenant bases of any major REIT in its sector, with the largest of its 5,600 tenants comprising less than 3% of its rental revenues. To learn more about the Company's operations and growth strategies, please visit http://www.weingarten.com. Arroyo & Coates specializes in all aspects of the financing, acquisition and sales of commercial investment real estate properties. Founded in 1988 and headquartered in San Francisco, the company’s extensive experience in regional and national markets provides the institutional or private investor with a proven track record of transactional excellence.

 

 

 

 

 

 

 

 
Loveridge Terrace

For more information click here.