SOURCE: American Realty Advisors

American Realty Advisors

February 10, 2011 19:30 ET

American Realty Advisors Announces the Acquisition of the Shops at Waterford in Dublin, California

GLENDALE, CA--(Marketwire - February 10, 2011) - American Realty Advisors announced today the acquisition of The Shops at Waterford, a 124,826 square foot Class A grocery-anchored shopping center in Dublin, California. Ideally situated on 10.4 acres in the East Bay submarket of the San Francisco metropolitan area, The Shops at Waterford is conveniently located at the highly-trafficked intersection of Tassajara Road and Dublin Avenue near Interstates 580 and 680, contributing to the property's excellent visibility and accessibility.

Built in 2002, originally as a mixed-use core real estate development with 390 luxury apartments adjacent to the center, the retail property benefits from extensive surrounding single-family residential, commercial office and high-density multi-family residential developments, all of which promote both day and night patronage at the shopping center. Anchored by a 54,000 square foot "new generation" Safeway Food & Drug, and 100%-leased, The Shops at Waterford offers a diverse tenant roster of nationally and regionally branded tenants including Wells Fargo Bank, Peet's Coffee & Tea, Fidelity Investments and Pet Food Express in the heart of the East Bay's affluent trade corridor. 

The acquisition was completed on behalf of one of American's commingled real estate funds.

"We continue to believe that dominant grocery-anchored retail centers, such as The Shops at Waterford, in cities with strong sustainable population growth and economic drivers like Dublin, will produce superior returns for our clients through all parts of the economic cycle," stated Kirk Helgeson, American's EVP/Executive Managing Director, Investments.

American Realty Advisors, a California corporation, is an SEC-registered investment advisor under the Investment Advisers Act of 1940, as amended, and a leading provider of real estate investment management services to institutional investors. With approximately $3.4 billion* in assets under management, American has provided innovative real estate solutions to institutional investors for over 22 years utilizing core and value-added commingled funds and separate accounts. The firm's portfolios include office, industrial, multi-family, retail and other properties nationwide. More information regarding American can be found online at

*Assets under management represent gross market value of all assets and accounts managed by American Realty Advisors as of December 31, 2010 which includes cash and cash equivalents and excludes partners' share of equity and debt on partnership investments.

Contact Information

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    Jay Butterfield