Shopping Mall to Mixed Use

Shopping Mall to Mixed Use, Pleasant Hill, CA

Pleasant Hill, CA

Working with the DVC Plaza private trust, we provided market and financial analysis to identify high-value asset planning options to reposition this 30-year-old, 20-acre, 205,000 SF East Bay shopping mall.

 

It was determined that with land-use changes and real estate product revisions, the asset value could be increased substantially in a short period of time.  We directed zoning and General Plan changes to reposition this property from “neighborhood commercial” to “mixed-use” enabling residential and commercial use redevelopment.  Subsequently, this private trust sold the asset for 250% of the cash flow cap rate.