GRI Fairmont, an affiliate of First Washington Realty, has acquired Fairmont Shopping Center, a 102,982-square-foot, coastal, shopping center anchored by Safeway in the San Francisco Bay Area community of Pacifica, Calif.
JLL worked on behalf of the borrower to place the 10-year, fixed-rate loan with PGIM Real Estate Finance.
Anchored by a high-performing Safeway, the 96%-leased Fairmont Shopping Center is also home to an internet-resistant tenant lineup, including Rite Aid, Dollar Tree, Supercuts, Banfield Pet Hospital, American Sushi House, Starbucks, Southland Nails, Ernie’s Wine & Liquor and Rockway Beach Optometry. Completed in 1966, the retail center was remodeled in 2015 and 2018. Fairmont Shopping Center is situated on 7.46 acres at 705-799 Hickey Boulevard in Pacifica, a coastal community between San Francisco and Half Moon Bay. It is at the high-traffic intersection of Hickey and Skyline Boulevards, where it is visible to approximately 45,860 vehicles
