The Bond Cos. redeveloped a former car showroom to house a Whole Foods in 2007 and just sold the building to an affiliate of DDR Corp. 

Blanca Torres
Reporter- San Francisco Business Times

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The landmark Whole Foods near Lake Merritt in Oakland has a new owner.

The Bond Cos. redeveloped a former Cox Cadillac Showroom, at 230 Bay Place, into a 57,218-square-foot, Class A retail property in 2007 with Whole Foods (NYSE: WFM) as the sole tenant.

The seller declined to disclose the buyer or the terms of the deal, but a public records search shows that the buyer was an affliiate of DDR Corp., an Ohio-based retail investor that owns close to 460 retail centers nationwide. The 2012 assessed tax value for the building was $27.2 million.

The building brought a much-need grocery store close to Oakland’s thriving Lake Merritt and Uptown neighborhoods while retaining the historic aesthetic and character of the original structure.

“On the West Coast, there continues to be a dearth of quality retail properties on the market like Whole Foods at Bay Place, and an insatiable amount of capital,” said Nicholas Bicardo, a broker with Holliday Fenoglio Fowler who represented the seller. “This acquisition for the buyer represents a fantastic purchase of a trophy building occupied by a credit top-tier grocer with some of the strongest sales productivity in the world.”

Bond Cos. develops retail, infill, mixed-use, commercial, civic and hospitality projects. The firm has offices in Chicago and Los Angeles.

DDR already owns two other Bay Area shopping centers: Hilltop Plaza in Richmond and Van Ness Plaza in San Francisco.

Blanca Torres covers East Bay real estate for the San Francisco Business Times.

Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2013/03/ddr-corp-buys-oakland-whole-foods.html

San Francisco, CA (PRWEB) November 14, 2011

Paige Gienger, a San Francisco real estate agent for Coldwell Banker Residential Brokerage, has recently come across a gem of a neighborhood in San Francisco. This well-kept secret is the Merced Heights neighborhood and it is built on the hillside in the southwest corner of San Francisco, tucked to the north of Ingleside Heights and south of Ingleside Terrace. At an elevation of 500 feet, the Shields Orizaba Rocky Outcrop caps the summit of Merced Heights and is a great location to watch the sun set over the Pacific Ocean.

“What is special about Merced Heights? Numerous obvious and unknown attributes,” says Gienger. “Comprised of single family homes with backyards and many with ocean views, the homeowners in Merced Heights have a true pride in ownership and this is evident with a high homeownership rate and historically low home turnover rates.”

The neighborhood has the feeling of being in suburbia, but has easy access into the heart of the city. It is bordered by Junipero Serra Boulevard on the west, Holloway Avenue on the north, Ashton on the east, and Shields Street to the south.

Following the Ingleside Terrace’s design, to specifically not have a commercial business district, the cafes and shopping abounds on nearby Ocean Avenue, with a new Whole Foods currently under construction. The neighborhood is close to Stonestown Shopping Center and West Portal shops, restaurants and theater. A San Francisco public library is located on Ocean Avenue, and there are several public parks; Lakeview Ashton Mini Park, Brooks Park is at the end of Arch Street, and Merced Heights Playground located on Byxbee Street.

The community is awash in bicycle riders, dog walkers, runners and folks just taking a stroll. It has a one acre community garden, a designated Tai Chi recreation area, the San Francisco Zoo within a short drive, and several beaches close by.

The climate is a mix of fog and sun and tends to be several degrees warmer than the Sunset and Richmond Districts. Transportation abounds with 280 Interstate and 19th Avenue arteries, allowing for easy access to Muni trains and Balboa and Daly City BART stations.

Gienger is listing a home at 560 Arch Street at Holloway Avenue in Merced Heights. The San Francisco home is on the market for the first time since the 1960s and features gorgeous period details, exotic wood built-ins and moldings and hardwood floors. The main level features two bedrooms and one bathroom. An additional bonus bedroom and bathroom are situated on the lower level of the home. The living room is adorned with a fireplace, vintage tile surround and flanked with bookshelves for cozy feel. The kitchen has an eat-in area and newer stainless steel gas oven and range. The home also includes a one-car garage and spacious fenced yard.

For more information about Gienger, to view her current listings or to contact her to sell a house in San Francisco, call her at 415-692-5623 or visit her on the web at www.ontherightpaige-sf.com.

About Paige Gienger

Born and raised in the Silicon Valley, San Francisco real estate agent Paige Gienger is a proud life-long resident of the Bay Area and is familiar with all of San Francisco’s desirable residential neighborhoods. Gienger is a San Francisco homeowner and 21-year resident with concern and commitment to the community she serves.

Within the Gienger Family, real estate expertise comes naturally. Her mother is a top producing Coldwell Banker Agent. Working in her mother’s thriving business, she rapidly acquired inside knowledge and proven actions for sales success.

Gienger’s personable and professional style is the winning combination that has earned her a stellar reputation during her twelve years of helping clients buy and sell homes. Gienger’s personal philosophy is that customer service and satisfaction always comes first. She ensures an enjoyable real estate experience by incorporating her intimate knowledge of Bay Area communities and attention to detail while navigating through current San Francisco real estate market hurdles.

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For the original version on PRWeb visit: www.prweb.com/releases/prwebreal-estate/san-francisco/prweb8959339.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/14/prweb8959339.DTL

Paragon Real Estate Group announces they have listed a lovely Edwardian home in the heart of San Francisco for $2.095 million. The listing shows that Paragon has what it takes to sell any type of home or commercial property in the Bay Area.

“With a long and rich history in the San Francisco market, we’re uniquely poised to help you successfully negotiate every aspect of buying and selling real estate,” said Randy Zinn of Paragon Real Estate Group. “Our dedication is unwavering, as is our commitment to our customers. Some call it passion, we call it philosophy.”

The gracious home has three bedrooms over three levels and exhibits today’s modern lifestyle and expectations. Upon first stepping into the home, one is taken with the terrific design of the home with its open and airy floor plan, perfect for entertaining. The home has three full baths, one half bath, two decks, three fireplaces and a two-car garage.

The home has been renovated down to the studs and has a great flow from the formal living room to the combined kitchen and family room and from there, to the rear deck and backyard. Two bedrooms and the master suite are located on the top floor while the ground floor is the domain of a multi-purpose room, laundry room and two storage areas.

The neighborhood features Whole Foods Market, Golden Gate Park attractions, several public transportation options and a Walkscore of 95!

Steve Mi of Paragon Real Estate Group is the listing agent. For inquiries call (415) 565-0500 or visit www.paragon-re.com. The home can be seen at www.paragon-re.com/ParagonListingDetail.aspx?ID=3726.

About Paragon Real Estate Group

Paragon Real Estate Group specializes in residential brokerage, luxury property, residential leasing, commercial sales, property development, investment and mortgage lending. Their agents are experts at pricing, marketing and negotiating. Each has lived and worked in this real estate market, cultivating invaluable connections and impressive lists of satisfied customers with houses for sale. Throughout the real estate community, Paragon’s agents are known for putting their clients first in the homes for sale process.

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For the original version on PRWeb visit: www.prweb.com/releases/prwebreal-estate/san-francisco/prweb8742364.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/08/24/prweb8742364.DTL