ProEquity Named Manager of Coliseum Center

OAKLAND, Calif. (May 12, 2016) – ProEquity Asset Management Corporation has been named manager of Coliseum Center.

Coliseum Center is a 70,814 SF neighborhood shopping center located at 610-640 Hegenberger Road in Oakland. ProEquity will be assisting the CMBS Management firm, LNR Partners, transition the property for eventual lease or sale since they foreclosed on it in March. CBRE, Inc. will be leasing the former Pak ‘n Save. The property, near the Oakland Coliseum, is a redevelopment opportunity in the heart of Downtown Oakland and will most likely attract a retail tenant.