Newmark Retail Capital Markets, as the Exclusive Advisor, is pleased to present the opportunity to acquire the condominium interest in 2200 Shattuck(the “Property” or “Shattuck Plaza Retail”). Comprised of 17,757 SF of ground floor retail, with an additional 11,430 SF of basement space that can be utilized for office or storage, the Property lies at the base of the Historic Hotel Shattuck in the heart of Downtown Berkeley. Located one block away from the University of California, and adjacent to the Downtown Berkeley BART Station, Shattuck Plaza Retail represents a rare opportunity to recognize significant upside through the repositioning of the existing retail.
Available for the first time in a decade, Shattuck Plaza Retail is an opportunity to transform an entire city block of ground floor retail in one of the East Bay’s most coveted and captive residential markets. Currently 6.81% leased, with Starbucks as the sole tenant, the Property has been strategically vacated to provide a clear path for the renovation and reprogramming of the tenancy. Upon completion, the Property will provide a much needed amenity base for the surrounding residential and student population.