American Realty Advisors Buys California Shopping Center for $51.1 Million

by Scott Reid

Dublin, Calif. — American Realty Advisors has acquired the Dublin Place Shopping Center, a 283,506-square-foot retail shopping center in Dublin for $51.1 million.

The property is currently 97 percent occupied and anchored by a mix of tenants including Target, Hobby Lobby, Burlington Coat Factory and Toys”R”Us.

American acquired the Dublin Place Shopping Center from PFRS Dublin Corp., and plans to market the existing vacant space to new tenants and upgrade existing shop buildings.

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