OAKLAND, CA—The Bond Cos. has sold the Whole Foods at Bay Place, a retail property at 230 Bay Place here.
The site is at the intersection of Harrison Street near Lake Merritt. Completed in 2007, the property is 100 percent leased to Whole Foods. Constructed of steel and concrete, the building incorporates a portion of the former Cox Cadillac Showroom and also includes a roof-deck parking structure.
The HFF team representing the seller was led by Managing Director Nicholas Bicardo along with Executive Managing Director Matthew Lawton and Associate Director Mark Damiani. The unnamed buyer purchased the property free and clear of existing debt for an undisclosed price.
“On the West Coast, there continues to be a dearth of quality retail properties on the market like Whole Foods at Bay Place, and an insatiable amount of capital,” says Bicardo. “This acquisition for the buyer represents a fantastic purchase of a trophy building occupied by a credit top-tier grocer with some of the strongest sales productivity in the world.”