{"id":1004677101,"date":"2023-08-23T10:30:25","date_gmt":"2023-08-23T18:30:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004677101"},"modified":"2023-08-23T10:30:26","modified_gmt":"2023-08-23T18:30:26","slug":"dpi-retail-buys-29m-northern-bay-area-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dpi-retail-buys-29m-northern-bay-area-retail-asset\/","title":{"rendered":"DPI Retail Buys $29M Northern Bay Area Retail Asset"},"content":{"rendered":"
\"Power<\/a>

Power Plaza is located near Interstate 80. Image courtesy of JLL<\/em><\/p><\/div>\n

DPI Retail<\/strong> has acquired Power Plaza, a 112,250-square-foot retail center in Vacaville, Calif., for $29.2 million. JLL<\/strong> represented the seller, ProEquity Asset Management<\/strong>, in the transaction.<\/p>\n

Located at 1001-1071 Helen Power Drive, at the intersection of Nut Tree Parkway and Helen Power Drive, the grocery-anchored property is within the Vacaville retail corridor along Interstate 80, close to Vacaville Premium Outlets and the Costco Wholesale store. The vehicle count along that section of the interstate is more than 175,000 daily, while the population within a 15-minute drive consists of 177,440 residents, with an average household income exceeding $100,000.<\/p>\n

Built in 1993 and 1994, Power Plaza is nearly 100 percent leased, with Sprouts as its anchor tenant. Other tenants include Restoration Hardware Outlet and Williams Sonoma Home Outlet. Additionally, Pacific Dental Services, The Good Feet Store and Banfield Pet Hospital recently signed new leases. The average lease term at the property is 6.5 years.<\/p>\n

Managing Director Eric Kathrein, Directors Tim Kuruzar and Warren McClean, along with Analyst Andy Spangenberg were part of JLL\u2019s team that worked on behalf of ProEquity Asset Management. In another recent transaction, JLL represented the seller of Eastchase Market, a 261,730-square-foot retail center<\/a> in Fort Worth, Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Sprouts-anchored shopping center is nearly 100 percent leased. <\/p>\n","protected":false},"author":436,"featured_media":1004677102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21749,15],"tags":[32796],"class_list":["post-1004677101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-retail","category-west","tag-jll"],"acf":[],"yoast_head":"\nDPI Retail Buys $29M Northern Bay Area Retail Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"DPI Retail has acquired Power Plaza, a grocery-anchored retail center in Vacaville, Calif,, for $29.2 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dpi-retail-buys-29m-northern-bay-area-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DPI Retail Buys $29M Northern Bay Area Retail Asset\" \/>\n<meta property=\"og:description\" content=\"DPI Retail has acquired Power Plaza, a grocery-anchored retail center in Vacaville, Calif,, for $29.2 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dpi-retail-buys-29m-northern-bay-area-retail-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-23T18:30:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-23T18:30:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Power-Plaza-is-located-near-the-Interstate-80.-Image-courtesy-of-JLL-.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dpi-retail-buys-29m-northern-bay-area-retail-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dpi-retail-buys-29m-northern-bay-area-retail-asset\/\",\"name\":\"DPI Retail Buys $29M Northern Bay Area Retail Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dpi-retail-buys-29m-northern-bay-area-retail-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dpi-retail-buys-29m-northern-bay-area-retail-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Power-Plaza-is-located-near-the-Interstate-80.-Image-courtesy-of-JLL-.png\",\"datePublished\":\"2023-08-23T18:30:25+00:00\",\"dateModified\":\"2023-08-23T18:30:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8\"},\"description\":\"DPI Retail has acquired Power Plaza, a grocery-anchored retail center in Vacaville, Calif,, for $29.2 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dpi-retail-buys-29m-northern-bay-area-retail-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/dpi-retail-buys-29m-northern-bay-area-retail-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dpi-retail-buys-29m-northern-bay-area-retail-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Power-Plaza-is-located-near-the-Interstate-80.-Image-courtesy-of-JLL-.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Power-Plaza-is-located-near-the-Interstate-80.-Image-courtesy-of-JLL-.png\",\"width\":800,\"height\":620,\"caption\":\"Power Plaza is located near the Interstate 80. 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