tice valley blvd & rossmoor parkway walnut creek, ca...ly approved and entitled and the project...

John Cumbelich [email protected]. 925.935.5400 ext. 101CA-BRE Lic #01006249

Chris [email protected]. 925.935.5400 ext. 107CA-BRE Lic #01393600

Rossmoor Shopping CenterTice Valley Blvd & Rossmoor Parkway

Walnut Creek, CA

View of Main Plaza

Walnut Creek , Cal i fornia

Located on Walnut Creek’s affluent west side, the Rossmoor Shopping Center is located only minutes away from the highest income sub-mar-kets in the East Bay. Recently acquired by an institutional investor and its partners, the project is being repositioned as an opportunity for mid-sized boxes and better brands that have been locked out of the high rent downtown core. Ownership has a powerful vision for a four co-anchor project surrounded by the best incomes and demographics in the East Bay.

mailto:john%40cumbelich.com?subject=Rossmoor%20Shopping%20Center

mailto:chris%40cumbelich.com?subject=Rossmoor%20Shopping%20Center

http://www.cumbelich.com

http://www.xteam.net



Perspective Aerial

Rossmoor Shopping CenterTice Valley Blvd & Rossmoor ParkwayWalnut Creek, CA

Olympic Blvd.

Pleasant Hill R

d.

Tice Valley Blvd.

Rossmoor Pkwy.

183,000 ADT

182,000 ADT

4,000 ADT

18,000 ADT

Source: Regis, Sites USA

MoragaAlamo

Walnut Creek

Lafayette24

680

Pleasant Hill







Trade Area

Demographics ROSSMOOR SHOPPING CENTERTice Valley Blvd @ Rossmoor Pkwy, Walnut Creek, 94595

1-Mile Radius 3-Mile Radius 5-Mile RadiusTotal Population 11,072 75,458 168,346Average HH Income $98,512 $123,610 $136,878Daytime Population 8,669 76,172 151,347

Source: REgis/Sites USA, 2015 Estimates

Premier RetailersNeiman Marcus

Macy’s

Nordstrom

Apple

Ti�any & Co.

Pottery Barn

Williams Sonoma

Restoration Hardware

H&M

The Container Store

Century 16 Theater

Anthropologie

East Bay’s premier retail destination

Walnut Creek is the capitol city for retail in the East Bay. Neiman

Marcus and Nordstrom anchor the core downtown market, which

is characterized by best in class brands, low vacancy and premium

rents. Serving the entire East Bay market, Walnut Creek captures

a regional trade area of 2.5 million people in Contra Costa and

Alameda Counties.







The Big Picture...Perfectly Suited to Serve the East Bay’s Strongest Incomes

The Rossmoor Shopping Center is surrounded by five of the highest income communities in the Bay Area – Walnut Creek, Lafayette, Moraga, Alamo and Danville. Each of these upscale communities are site constrained for major retail, with high barriers to entry. The subject center offers retailers and restaurants the opportunity to serve these highly desirable communities in an institutionally owned, newly remodeled project.

ALAMOAverage HH Income

$214,224

LAFAYETTEAverage HH Income

$180,529


WALNUT CREEKAverage HH Income

$115,077

DANVILLEAverage HH Income

$178,104

Rossmoor Shopping CenterTice Valley Blvd & Rossmoor ParkwayWalnut Creek, CA







Entitled Site Plan

00 1011100000000'' 222222000000''

Proposed Site Plan

(E) DaVita Dialysis Center (NOT A PART)

Rolli

ng H

ills

Drive

Parkw

ayMain Plaza

Rossm

oor

(N) Plaza Area

(N) VehicularDirectional Sign

(N) Shopping Center Sign

(N) Gateway Plaza

(N) Vehicular Directional Sign

(N) Bus Shelter

(NOT A PART)Property Line, Typ.

(E) Buildings

(N) Buildings

Site Lighting

LEGEND

(N) Monument Wall Sign

(N) CornerMonument Sign

(N) UnbrandedDirectional Sign

SGPA ARCHITECTURE AND PLANNING200 Pine Street, Studio 500, San Francisco, California 94104 www.sgpa.com © SGPA 2014

R o s s m o o r S h o p p i n g C e n t e r Walnut Creek, Cal i fornia

1PROJECT NO: 21342 – P05 30303303 ... 0202 022 ... 200 202001111177777

Total Building Area 134,276 SF

Total Parking 532 Spaces

Parking Ratio 4.0 SP/1000 SF

N

0’ 100’ 200’

NOT A PART

2A

Bldg 1 2E

2C

1908A1908C1908D

1900 1910

1910B

1920

1920B1930A

1930B1940A

1940B

1972

1986

1984

19881992

1994

1940D

1940C1920C

3A 3B3C

1942

1954

A

1956

1950

1948

1952

1958

A

1966

1942

A

1944

Bldg 2

Bldg 3

Bldg 4

2D

LEGENDSPACE TENANT SIZE/SF1900 Available 3,2001908D Available 1,0001908C Available 1,0001908A Available 2,7001910 US Bank 5,2771910B Available 11,711

1920 Wells Fargo 5,2071920B USPS 4,7931920C Available 2,760

1930A Available 2,8401930B Available 2,919

1940-A Available 1,7901942 Available 6181942-A Available 7501944 Available 5501940-B Available 1,4401940-D Available 9801940-C Available 1,4301948 Available 2,9251950 Available 2.052 1952 Available 1,3151954A Available 1,1381954B Available 1,1381956 Available 1,1571958A Available 9751958B Available 9751966 UPS 1,6251972 Safeway 25,1911984 Available 6241986 Available 1,0001988 Available 1,080

1992 Available 1,6161994 Chase Bank 5,348

Bldg 1 CVS 14,500

Building 2 - 1970Bldg 2A Available 1,778Bldg 2C Available 1,560Bldg 2D Available 973Bldg 2E Available 1,900

Building 3 - 1980Bldg 3A Available 1,442Bldg 3B Available 928Bldg 3C Starbucks 2,076







Bldg 2: Four Tenant Option

000 16'166'16' 32'322'32'

Lease Plan

Overall Building Lease Information

Building 3 - 1980Tenant Name

StarbucksTenant BTenant AElectricalFire

Total

Tenant Space

1980 C1980 B1980 A

Tenant Area

2,076 SF

928 SF

1,442 SF

124 SF

59 SF

4,629 SF

Pro Rata

86 SF

38 SF

59 SF

183 SF

Lease Area

2,162 SF

966 SF

1,501 SF

4,629 SF

Building 2 - 1970Tenant Name

Tenant ETenant DTenant CTenant AElectricalFire

Total

Tenant Space

1970 E1970 D1970 C1970 A

Tenant Area

1,900 SF

973 SF

1,560 SF

1,778 SF

171 SF

48 SF

6,430 SF

Pro Rata

66 SF

34 SF

55 SF

64 SF

219 SF

Lease Area

1,966 SF

1,007 SF

1,615 SF

1,842 SF

6,430 SF

SGPA ARCHITECTURE AND PLANNING200 Pine Street, Studio 500, San Francisco, California 94104 www.sgpa.com © SGPA 2014

R o s s m o o r S h o p p i n g C e n t e r Walnut Creek, Cal i fornia

1PROJECT NO: 21342 – P05 03 . 06 . 2017033 .. 06 6 .. 200117703 . 06 . 2017

Building 2 - 1970

E D C A

Building 3 - 1980

A

B

CC







1950: Retail Space

CARTSLOD

975SF#1956

1,950SF#1958

1,625SF#1966

CITIVEST COMMERCIALTALLEN CAPITAL PARTNERS, LLC.

SGPA ARCHITECTURE AND PLANNING200 Pine Street, Studio 500, San Francisco, California 94104www.sgpa.com Copyright SGPA 2015

1'

3'

7'

15'

SCALE: 3/32" = 1'-0"

PROJECT NO:21342-P05

ROSSMOOR BLDG1950 SUITES

03.01.2017

1,315SF 2,275SF#1952 #1954

ELEC RM

124'-0"20'-5" 33'-9" 17'-11" 28'-8" 23'-3"

64'-7

"

EXISTING

19'-6"CLR

33'-4"CLR

17'-7"CLR

28'-4"CLR

22'-8"CLR







Site Access...Easily Accessed from Surrounding High Income Communities

680

24







5 & 10 Minute Drive Times...Capture the East Bay’s Strongest Demographics

Demographics 5-Minute 10-Minute

Population 62,090 232,640

Median HH Income $89,166 $93,101

Average HH Income $117,224 $121,797

% College 68% 60%








New Housing...53 Unit Luxury Home Development

Rossmoor Shopping Center







Our Vision/Elevations - Remodeled Safeway

South Elevation

East Elevation







Rossmoor Shopping Center Walnut Creek , Ca l i fo rn ia

SGPA ARCHITECTURE AND PLANNING200 Pine Street, Studio 500, San Francisco, California 94104 www.sgpa.com Copyright SGPA 2014

PROJECT NO: 21342-P01

Building 3 Elevations

North Elevation East Elevation

South Elevation West Elevation

6.12

Our Vision/Renderings - Prototypical Pad Building










North Elevation

East Elevation


6.4

Our Vision/Renderings - Inline Shops & Restaurants










North Elevation

East Elevation


6.2

Our Vision/Renderings - Prototypical Shop Space







In the News...The Registry, posted May 19, 2016

Rossmoor, CA (May 19, 2016) –

Last night, Walnut Creek’s beloved Rossmoor Shopping Center received approval from the Walnut Creek Design Review Commission (DRC), the third of three approvals necessary to begin the Center’s dramatic redevelopment, destined to make it the heart of the surrounding community and influencer of shopping patterns. Previously the Center received unanimous support from the Walnut Creek City Council and the Walnut Creek City Planning Commission. There will be further refinements to access and circulation and landscaping, etc. However, the Ownership’s redevelopment plans and re-zoning are now formal-ly approved and entitled and the project can move forward. The project will also include a Public Art component and the DRC provided guidance as to the locations of this unique component of the project.

Tallen Capital Partners, LLC and Citivest Commercial, LLC, along with their equity partner, led this 30 month redevelopment planning and leasing process. Expected to take approximately 15 months, this phased redevelopment includes a refreshed facade, drive-through pharmacy, fashion-forward boutique shops and charming restaurants. The revived center will be dotted with plazas for friends and family gatherings, hundreds of new trees, lush plantings, beautiful lighting, highly accessible parking and more. Ground breaking is scheduled to begin in the fourth quarter of 2016 with completion expected in the fourth quarter of 2017 or the first quarter of 2018. The architectural design team is led by veteran Bay Area architect Norman Sears of SGPA’s San Francisco o�ice.

Recent lease signings include:• New long-term lease with Safeway, an existing tenant• New long-term lease with CVS Pharmacy, an existing tenant who will move to a new pad location

that includes a drive thru for consumers’ convenience• A new long term lease with local Rossmoor retirement community stakeholders and realtors Better

Homes & Gardens, an existing tenant who will move to a new, completely renovated location• A long-term lease with Starbucks, a new 2,000 square foot prototypical store with a drive thru

“We are very pleased to have been granted the re-zoning and entitlements and we’ve worked very close-ly with the community and the city of Walnut Creek for the past two and a half years to bring the entitle-ments for this redevelopment to fruition,” said Mr. Tallen, principal, Tallen Capital Partners. “We’re thrilled to bring in compelling new shops and restaurants making this a destination for both the local community and the entire East Bay. We have developed a wonderful working relationship with the community and

feel privileged to be the team, which after 50 plus years, will transform the Rossmoor Shopping Center into a suburban oasis to serve not only the Rossmoor retirement community but also the young families, daily commuters and residents of Walnut Creek Lafayette, Alamo and surrounding neighborhoods. In ad-dition, we are delighted that the project was approved just prior to our International Council of Shopping Centers conference next week and we anticipate increased leasing velocity.”

“We’re delighted by the care that has been put into revitalizing this center,” said Walnut Creek Mayor Loella Haskew, “and we appreciate the dedicated approach taken by Mr. Tallen and Mr. Belden, Citivest Commercial, LLC, chief operating o�icer, to ensure that this renovation meets the needs of the many people who call the Tice Valley home.”

“We listened to the community, the Planning commission, the Design Review Commission and as a result are adding 270 new trees, 60 bicycle racks and approximately 29,000 square feet of new anchor tenants and shops,” said Mr. Belden. “We will reconfigure the shopping center and are adding lifestyle and health related components via a well-planned interconnectivity between the plazas, landscaping and retail and restaurants.”

About Tallen Capital Partners, LLC

Tallen Capital Partners, LLC, specializes in repositioning retail and mixed-use properties and invests in value added properties located in high growth corridors and coastal communities with high barriers to entry. The firm is led by Terrence Tallen, a 30-year veteran in retail real estate development and invest-ment industry and one of the San Francisco Bay Area’s leading retail acquirers, investors and developers. A representative sampling of Mr. Tallen’s projects include: Napa Tahoe Crossings and 649 Beck Avenue in Fairfield; The Gateway Retail Center in Southern Marin County, Rossmoor Shopping Center in Walnut Creek; Oliver Road Multifamily Redevelopment and Marina Landings Shopping Center in Marina, which includes the only Walmart to be developed on the Monterey Peninsula.

About Citivest

Citivest is a full service real estate investment company specializing in adding value and achieving excel-lent returns for its investors through strategic acquisitions, ground-up development, and property repo-sitioning, including renovation, leasing, and management improvements. Dwight Belden, chief operating o�icer directs the operational and transactional activities of the firm’s projects with more than 30 years of development and investment experience in the Western United States.

Tallen Announces Walnut Creek’s Rossmoor Shopping Center Redevelopment Shopping center destined to become heart of the community; new leases announced





John Cumbelich & Associates1330 N Broadway, Suite 200A

Walnut Creek, CA 94596t. 925.935.5400f. 925.940.9583

www.cumbelich.com

John [email protected]

t. 925.935.5400 ext. 101CA-BRE Lic #01006249

Chris [email protected]

t. 925.935.5400 ext. 107CA-BRE Lic #01393600

The information contained in this document has been secured from sources we believe reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. We bear no liability for any errors, inaccuracies or omissions.









Demographics - 1, 3 & 5 Mile Radius1-MILE 3-MILE 5-MILE

POPULATION2015 Estimated Population 11,072 75,458 168,3462020 Projected Population 11,813 80,083 178,7302010 Census Population 10,502 71,898 161,4222000 Census Population 10,519 71,795 159,433Projected Annual Growth 2015 to 2020 1.3% 1.2% 1.2%Historical Annual Growth 2000 to 2015 0.4% 0.3% 0.4%

HOUSEHOLDS2015 Estimated Households 6,087 34,405 70,9982020 Projected Households 6,373 35,815 73,9412010 Census Households 5,800 32,980 68,4492000 Census Households 5,742 32,765 67,475Projected Annual Growth 2015 to 2020 0.9% 0.8% 0.8%Historical Annual Growth 2000 to 2015 0.4% 0.3% 0.3%

AGE2015 Est. Population Under 10 Years 5.9% 8.8% 9.4%2015 Est. Population 10 to 19 Years 6.7% 10.5% 11.7%2015 Est. Population 20 to 29 Years 4.3% 10.0% 10.2%2015 Est. Population 30 to 44 Years 9.2% 16.1% 16.2%2015 Est. Population 45 to 59 Years 15.3% 21.1% 22.4%2015 Est. Population 60 to 74 Years 23.6% 19.0% 18.6%2015 Est. Population 75 Years or Over 35.2% 14.5% 11.6%2015 Est. Median Age 60.9 47.2 45.6

MARITAL STATUS & GENDER2015 Est. Male Population 40.7% 46.8% 47.6%2015 Est. Female Population 59.3% 53.2% 52.4% 2015 Est. Never Married 18.2% 27.4% 26.8%2015 Est. Now Married 41.9% 48.0% 52.4%2015 Est. Separated or Divorced 18.3% 15.5% 13.4%2015 Est. Widowed 21.6% 9.1% 7.5%

INCOME2015 Est. HH Income $200,000 or More 12.4% 16.8% 19.4%2015 Est. HH Income $150,000 to $199,999 6.4% 9.8% 11.5%2015 Est. HH Income $100,000 to $149,999 12.1% 15.5% 16.7%2015 Est. HH Income $75,000 to $99,999 9.1% 12.2% 12.0%2015 Est. HH Income $50,000 to $74,999 18.9% 14.1% 13.1%2015 Est. HH Income $35,000 to $49,999 13.9% 11.3% 9.4%2015 Est. HH Income $25,000 to $34,999 9.9% 7.8% 6.1%2015 Est. HH Income $15,000 to $24,999 11.1% 6.1% 5.6%2015 Est. HH Income Under $15,000 6.3% 6.5% 6.3%2015 Est. Average Household Income $98,512 $123,610 $136,8782015 Est. Median Household Income $72,220 $93,665 $104,4412015 Est. Per Capita Income $54,346 $56,455 $57,851

1-MILE 3-MILE 5-MILE

RACE2015 Est. White 85.7% 80.4% 78.1%2015 Est. Black 1.1% 1.5% 1.6%2015 Est. Asian or Pacific Islander 9.1% 11.8% 13.4%2015 Est. American Indian or Alaska Native 0.1% 0.2% 0.2%2015 Est. Other Races 3.9% 6.1% 6.7%

EDUCATION (Adults 25 or Older)2015 Est. Adult Population (25 Years or Over) 12,167 73,805 160,5162015 Est. Elementary (Grade Level 0 to 8) 1.2% 1.5% 1.9%2015 Est. Some High School (Grade Level 9 to 11) 4.4% 2.5% 2.7%2015 Est. High School Graduate 12.8% 8.4% 7.8%2015 Est. Some College 11.9% 13.3% 13.0%2015 Est. Associate Degree Only 4.2% 5.3% 5.2%2015 Est. Bachelor Degree Only 25.2% 28.0% 28.4%2015 Est. Graduate Degree 40.3% 41.0% 40.8%

HOUSING2015 Est. Total Housing Units 6,408 35,685 73,3862015 Est. Owner-Occupied 78.3% 64.5% 66.9%2015 Est. Renter-Occupied 16.7% 31.9% 29.9%2015 Est. Vacant Housing 5.0% 3.6% 3.3%

HOMES BUILT BY YEAR2010 Homes Built 2005 or later 2.1% 2.8% 2.9%2010 Homes Built 2000 to 2004 4.3% 4.0% 3.9%2010 Homes Built 1990 to 1999 8.6% 6.9% 7.5%2010 Homes Built 1980 to 1989 10.3% 13.4% 14.3%2010 Homes Built 1970 to 1979 18.2% 22.7% 23.4%2010 Homes Built 1960 to 1969 28.0% 19.9% 20.3%2010 Homes Built 1950 to 1959 15.5% 18.7% 16.9%2010 Homes Built Before 1949 13.1% 11.6% 10.8%

HOME VALUES2010 Home Value $1,000,000 or More 8.6% 14.8% 16.8%2010 Home Value $500,000 to $999,999 24.1% 31.2% 33.1%2010 Home Value $400,000 to $499,999 7.1% 9.0% 9.2%2010 Home Value $300,000 to $399,999 15.0% 12.7% 12.3%2010 Home Value $200,000 to $299,999 20.9% 14.5% 12.4%2010 Home Value $150,000 to $199,999 10.5% 7.0% 6.2%2010 Home Value $100,000 to $149,999 8.1% 5.2% 4.6%2010 Home Value $50,000 to $99,999 3.2% 3.1% 3.0%2010 Home Value $25,000 to $49,999 0.9% 1.2% 1.1%2010 Home Value Under $25,000 1.7% 1.3% 1.3%2010 Median Home Value $399,124 $514,644 $551,2762010 Median Rent $1,489 $1,370 $1,401

1-MILE 3-MILE 5-MILE

LABOR FORCE2015 Est. Labor Population Age 16 Years or Over 9,951 63,912 140,6442015 Est. Civilian Employed 39.3% 57.3% 58.9%2015 Est. Civilian Unemployed 2.1% 2.7% 2.7%2015 Est. in Armed Forces - - - 2015 Est. not in Labor Force 58.6% 39.9% 38.4%2015 Labor Force Males 39.5% 46.0% 46.8%2015 Labor Force Females 60.5% 54.0% 53.2%

OCCUPATION2010 Occupation: Population Age 16 Years or Over 3,619 33,037 74,9912010 Mgmt, Business, & Financial Operations 27.7% 25.1% 25.0%2010 Professional, Related 29.3% 30.0% 30.4%2010 Service 10.0% 13.0% 12.4%2010 Sales, O�ice 23.8% 23.4% 23.4%2010 Farming, Fishing, Forestry 0.2% 0.3% 0.3%2010 Construction, Extraction, Maintenance 4.7% 4.2% 4.1%2010 Production, Transport, Material Moving 4.3% 4.0% 4.4%2010 White Collar Workers 80.9% 78.4% 78.9%2010 Blue Collar Workers 19.1% 21.6% 21.1%

TRANSPORTATION2010 Drive to Work Alone 66.9% 68.3% 68.5%2010 Drive to Work in Carpool 6.8% 6.9% 6.9%2010 Travel to Work by Public Transportation 9.9% 10.7% 12.2%2010 Drive to Work on Motorcycle 0.9% 0.3% 0.3%2010 Walk or Bicycle to Work 1.3% 4.5% 3.2%2010 Other Means 1.1% 0.5% 0.6%2010 Work at Home 13.1% 8.7% 8.3%

TRAVEL TIME2010 Travel to Work in 14 Minutes or Less 33.8% 28.5% 26.0%2010 Travel to Work in 15 to 29 Minutes 30.1% 31.5% 31.0%2010 Travel to Work in 30 to 59 Minutes 22.9% 29.4% 30.7%2010 Travel to Work in 60 Minutes or More 13.1% 10.6% 12.4%2010 Average Travel Time to Work 21.8 22.8 24.4

CONSUMER EXPENDITURE2015 Est. Total Household Expenditure $417 M $2.79 B $6.25 B2015 Est. Apparel $14.5 M $98.3 M $221 M2015 Est. Contributions, Gifts $31.8 M $223 M $514 M2015 Est. Education, Reading $17.5 M $126 M $290 M2015 Est. Entertainment $23.4 M $158 M $356 M2015 Est. Food, Beverages, Tobacco $61.8 M $407 M $904 M2015 Est. Furnishings, Equipment $14.5 M $99.8 M $225 M2015 Est. Health Care, Insurance $36.1 M $234 M $518 M2015 Est. Household Operations, Shelter, Utilities $130 M $864 M $1.93 B2015 Est. Miscellaneous Expenses $6.09 M $39.7 M $87.9 M2015 Est. Personal Care $5.35 M $35.8 M $79.9 M2015 Est. Transportation $76.1 M $505 M $1.12 B





tice valley blvd & rossmoor parkway walnut creek, ca...ly approved and entitled and the project...

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