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Grass Valley, Calif. — Pine Tree Commercial Realty LLC has acquired Pine Creek shopping center, a 216,683-square-foot grocery-anchored shopping center located in Grass Valley.
The center is anchored by a 60,000-square-foot Raley’s grocery store, and is home to tenants including JC Penney, Petco, Dollar Tree, Starbucks Coffee, IHOP, Carl’s Jr., Jamba Juice, Sally Beauty and GNC. Jon DuBois of Core Commercial brokered the sale, and Goldman Sachs Mortgage Co. provided financing.