Joint Venture Purchases 8.4-Acre Former Nordstrom Property in Pleasanton, California

PLEASANTON, CALIF. — A joint venture comprising Shopoff Realty Investments, Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC has purchased an 8.4-acre property in Pleasanton that was formerly home to a Nordstrom department store.

Located at Stoneridge Mall, the property marks the fourth mall purchase for Shopoff in recent years, according to the company’s president and CEO. Shopoff is currently exploring potential uses — including residential, mixed-use and office — for the space.

Stoneridge Mall is one of the sites identified for redevelopment by the City of Pleasanton’s 2023-31 Housing Element Plan.