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Donahue Schriber Buys Diamond Heights for First San Francisco Investment

76,000-SF Shopping Center Anchored by Safeway, Walgreens
January 26, 2018
Costa Mesa, CA-based Donahue Schriber Realty Group secured its first investment in the City of San Francisco with the purchase of the Diamond Heights Shopping Center for $48 million, or approximately $632 per square foot.

The 75,630-square-foot neighborhood center was constructed in 1964 on 46 acres at 5214 Diamond Heights Blvd. in the Southern City submarket.

Renovated in 2000, the center is anchored by Safeway and Walgreens.

Nicholas Bicardo, Brandon Rogoff and Bryce Holman of Newmark Knight Frank represented the seller in negotiations. Craig Zarro of Preferred Capital Advisors placed a loan with TH Real Estate on behalf of the borrower.

Please see CoStar COMP #4114741 for more information on this transaction.
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