Donahue Schriber acquires Whole Foods-anchored Gilman Village

Berkeley, Calif. -- Donahue Schriber Realty Group acquired Gilman Village on January 30, marking the Costa Mesa, California-based company’s second Bay Area acquisition in the past month.



Besides the Gilman Village acquisition in Berkeley, California, Donahue Schriber purchased Village Oaks shopping center, a 320,000-sq.-ft. property anchored by Target and Safeway located in San Jose, California.



Gilman Village is a 91,300-sq.-ft. Whole Foods Market-anchored center located off Interstate 80 that splits Gilman Street between 9th and 10th Avenue in West Berkeley. The 47,000-sq.-ft. Whole Foods is located on the north side and features the first Allegro Coffee (Whole Foods owned) on the West Coast.



“In August 2012, Donahue Schriber formed a unique relationship with Gilman Partners (a venture between Foothill Partners and The Pratt Company),” said David Mossman, chief investment officer, Donahue Schriber. “We were able to use our balance sheet and provide Gilman Partners construction financing in exchange for a purchase option on the property once Whole Foods Market and Office Depot opened for business. We have exercised that option and couldn’t be more pleased with this quality asset in such a vibrant city as Berkeley.”