Newmark Negotiates Sale of 79,875 SF Village Oaks Shopping Center in Martinez, California

by Amy Works

MARTINEZ, CALIF. — Newmark has negotiated the sale of Village Oaks, a 79,875-square-foot shopping center in Martinez. An undisclosed private family investor sold the asset to an institutional investment group for an undisclosed price.

Situated on 7.9 acres at 1185 Arnold Drive, Village Oaks was 96 percent leased at the time of sale to tenants within the financial, medical, restaurant and service retail sectors. Grocer Lucky California and Rite Aid currently anchor the property.

Nicholas Bicardo and Cheyne Bloch of Newark represented the seller in the transaction.

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