JCPenney

3VG acquired this property with excellent visibility and direct access from both Interstates 580 and 680. Immediately adjacent to the Dublin / Pleasanton BART Station, the 155,920 square feet single tenant retail asset sits on a 9.77 acre parcel. Existing rent is significantly below market, which presents an opportunity to add value to the asset over time. 3VG is currently investigating multiple solutions for the site, including retail re-use, mixed-use densification, and all options in between.

Location
Pleasanton, CA
Hold Period
July 2022 - Present
Size
155,920 square feet of building on 9.77 acres
Investment Type
Redevelopment - Mixed-Use