By Sam Richards

Staff writer

Wednesday, October 16 (12:00 p.m.): The Rossmoor Shopping Center, which hosts the Safeway, CVS, John Muir Health and other businesses just outside Rossmoor, is up for sale.

The center is listed with the global commercial real estate and investment management company Jones Lang LaSalle Inc. (JLL). There is no asking price listed beyond “best offer.”

In 2012, current owner Rossmoor Retail Partners LLC paid about $35 million for the center, then called the Rossmoor Town Center, according to the real estate-focused news website www.GlobeSt.com Terrence Tallen, managing partner of Rossmoor Retail Partners, did not return voice mail messages or emails seeking comment.

JLL’s online sales page for the Rossmoor Shopping Center describes it as a “trophy grocery- anchored neighborhood center” with 120,531 square feet of leasable space, about 92% of which is currently under lease. It described the center as “the go-to daily needs and essentials destination for a highly affluent community of loyal customers.”

The center was built in 1965 and was last renovated in 2020.

New leases described on the JLL website include the Alloy Fitness Training gym and Just Food for Dogs (both in the setup phase in their storefront locations), as well as Hotworx, a fitness studio that features infrared heat absorption workouts; Taco Bell; Dad’s BBQ; and Rossmoor Pet Hospital.

Other businesses there now include Starbucks, Chase Bank, Crumbl Cookies, Poppy Bank, UPS, Re/Max Realty, El Jardin Taqueria, Yogurt Spot, Mountain Mike’s Pizza, The Hangout restaurant, Sparklizing Cleaners, Tice Valley Dental, Edward Jones (financial advisors), a U.S. Postal Service branch and the Chevron service station.

One recent deletion from the shopping center is Napa Deli, which opened in late 2023 but recently closed. Kyle Barraza, an owner of that business, did not return a voice message seeking comment.

In addition, JLL says a vacant parcel of land between Salons by JC and the Wells Fargo Bank building is “currently entitled” for development of two new buildings totaling over 14,300 square feet of commercial space.

Stephanie Cegielski, ICSC vice president of research and public relations with the International Council of Shopping Centers based in New York City, said shopping centers in the U.S – both smaller centers like Rossmoor Shopping Center and larger enclosed malls – are generally doing well. Smaller centers such as Rossmoor can attract businesses that can cater to that specific community, she said.

“There are many reasons shopping center properties are sold, which would depend on the particular property and owner,” Cegielski said.

The number of major shopping center sales in the U.S. has been relatively low since 2022, likely because of high interest rates making the cost of borrowing money relatively expensive, Cegielski said. Many economists believe those rates have finally started to drop and could continue to do so into at least 2026.