PLEASANTON — The former Nordstrom department store building at Pleasanton’s Stoneridge mall has been bought by a joint real estate venture that might transform the choice site into housing.
Shopoff Realty Investments, Praelium Commercial Real Estate and an affiliate of Singerman Real Estate teamed up to buy the 8.4-acre site.
The just-bought property includes the Nordstrom store structure and an adjacent parking lot.
“This asset represents an opportunity to acquire a significant piece of property in a highly desirable market in Northern California,” said William Shopoff, chief executive officer of Shopoff Realty Investments.
This deal marks the second time in two years that a big department store property at Stoneridge