DJM Capital Partners, a California-based private equity real estate developer, owner and manager, has closed on the Bridgeside Shopping Center in Alameda, Calif.
The deal is in conjunction with financial partner PGIM. The acquisition marks the third partnership between PGIM and DJM, which will serve as the property’s operating manager.
The 105,000-square-foot property, built in 2006, is a 100 percent occupied grocery-anchored retail center in one of the most supply-constricted Bay Area markets. The diverse tenant mix includes anchor Nob Hill as well as essential needs, pet, medical, financial service and restaurant tenants. DJM brings its expertise in retail as an operating partner and property manager with a fully vertically integrated team focused on leasing, operations, property management and marketing. DJM is expanding its portfolio of lifestyle- and grocery-anchored daily needs centers, and Bridgeside is another example of the firm’s commitment to retail and
