WALNUT CREEK, Calif. (Sept. 23, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Steven Golubchik and Nicholas Bicardo, vice presidents, Private Capital Markets, have been selected to market for sale a three-asset office and retail portfolio totaling 210,000 square feet in Roseville.
Fairway Commons II is a community retail center consisting of 65,000 square feet of space situated on 4.8 acres of land. Located at 10241 – 10271 Fairway Drive, the property offers a direct exit from Highway 65. The retail center was formerly anchored by Circuit City.
The three properties, Stoneview Plaza (top left photo), Eureka Ridge Plaza and Fairway Commons II, will be sold out of receivership on behalf of JER Special Servicing.
“This portfolio consists of high quality properties that are among the best in the market,” said Golubchik. “We anticipate tremendous interest and are excited to have the opportunity to sell them on behalf of JER Special Servicing.”
Located at 3001 Lava Ridge Court, Stoneview Plaza is a three-story Class A office building offering 108,300 square feet of space situated on approximately 5.5 acres of land.
The building is approximately 83 percent leased to a variety of tenants, including mortgage, law and realty firms. Constructed in 2005, Stoneview Plaza is located in downtown Roseville and provides unobstructed views of the Sierra Nevada Mountains. The property is within close proximity to Interstate 80 and Highway 65.
Eureka Ridge Plaza is an institutional quality 37,000-square-foot retail strip center located at 1470-1490 Eureka Road.
Anchored by Crush 29, a high-end restaurant, the property was constructed in 2005 on 4.2 acres of land. Eureka Ridge Plaza is situated at the intersection of
Eureka Road and Rocky Ridge Drive, a significant retail hub in Roseville. The center is within close proximity to Interstate 80.
Fairway Commons II is a community retail center consisting of 65,000 square feet of space situated on 4.8 acres of land. Located at 10241 – 10271 Fairway Drive, the property offers a direct exit from Highway 65. The retail center was formerly anchored by Circuit City. For more information, call 925.939.3500, or
contact Golubchik at steven.golubchik@grubb-ellis.com
or Bicardo at nicholas.bicardo@grubb-ellis.com.
Media Contact: Julia McCartney, Phone:714.975.2230, Email: julia.mccartney@grubb-ellis.com
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