REBusinessOnline

RBL Real Estate Sells Del Norte Marketplace in Bay Area for $22.5M

Del-Norte-Marketplace-El-Cerrito-CA

Walgreens, Ross Dress for Less, dd’s Discounts and IHOP are tenants at Del Norte Marketplace in El Cerrito, Calif.

EL CERRITO, CALIF. — RBL Real Estate has completed the disposition of Del Norte Marketplace, a pharmacy-anchored shopping center located in El Cerrito. Miami-based Jewell Capital acquired the asset, including its existing debt, for $22.5 million.

Located at 11511-11565 San Pablo Ave., the 64,270-square-foot retail center recently underwent a multi-year repositioning. Current tenants include Walgreens, Ross Dress for Less, dd’s Discounts and IHOP.

Eric Kathrein, Tim Kuruzar, Bryan Ley and Jake Dempsey of JLL Capital Markets represented the seller in the deal.

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