ROIC Acquires Iron Horse Plaza in Danville for $44.5M

DANVILLE, CALIF. — ROIC, a publicly traded REIT, has acquired Iron Horse Plaza, a grocery-anchored shopping center located at 345 Railroad Ave. in Danville. Alamo Group Iron Horse LLC sold the property for $44.5 million.

The 62,000-square-foot property is occupied by Lunardi’s, Jos. A. Banks, Peet’s, Chow, Panda Express, Supercuts and Verizon.

Pedro Arroyo and David Kram of Arroyo procured the buyer and represented the seller in the transaction.