Loja Sells Pleasant Hill Center for $100M

PLEASANT HILL, CA—Loja Group LLC has sold Downtown Pleasant Hill Shopping Center here to UBS Global Asset Management for about $100 million.

The property is a 345,687-sq.-ft. shopping center with 40 brand name retailers, including Century Theaters, Lucky Supermarket, Bed Bath & Beyond, Michaels, Ross, Golfsmith, Paul Mitchell the School, Carter’s, and Zachary’s Chicago Pizza.

Katherine Burr, CEO of Loja Group, says in a statement that it has been a pleasure to own the property. “We felt, however, that this was an opportune time to sell and advance other important initiatives at Loja,” she says.

Loja was represented in the sale by Kevin Van Voorhis, James Kaye, Jay Gomez and Lindsey Lantis of Colliers International.