October 2, 2016
Costa Mesa, CA-based Donahue Schriber Realty Group acquired Westgate West Shopping Center, a 233,813-square-foot retail property in San Jose, CA for an undisclosed amount. The seller in the off-market transaction was a special purpose entity, CP6WW, LLC, an affiliated entity of Grosvenor, which had acquired the asset in 2006.
The center is anchored by Trader Joe’s, Orchard Supply Hardware (OSH), CVS Pharmacy, Ethan Allen, and Smart & Final.
Donahue Schriber’s Dave Mossman says, “Westgate West is in perfect alignment with Donahue Schriber’s strategy of expanding its presence in high barriers to entry core markets from San Diego to Seattle.”
The principals in the deal were self-represented. Sacramento-based Preferred Capital Advisors acted as a debt advisor to Donahue Schriber, arranging a new loan from Wells Fargo Bank N.A.
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