Meet Our Experts

Michael Mundelius

Senior Vice President | San Francisco East Bay

1850 Mt. Diablo Boulevard, Suite 200
Walnut Creek, CA 94596
United States

michael.mundelius@colliers.com

Office: +1 925 279 5585

License # CA-01024436

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Area of Specialization

I am a Senior Vice President with Colliers International, in Walnut Creek, California.  I have over 30 years of experience in commercial real estate specializing in shopping center leasing, development, and sales in the East Bay Area (San Ramon, Dublin, Danville, Alamo, Walnut Creek, Concord, Pittsburg, Antioch, Brentwood, Pleasanton).

Business and Educational Background

After graduating from the University of Oregon with a Finance degree, I joined Grubb & Ellis for a 13 year stretch.  I joined Colliers in 2000, as a Vice President, and continue with specializing in shopping center leasing, development, and investment sales for property owners in Contra Costa County. My primary focus is representing Institutional shopping center ownerships, and providing strategic long term planning and remerchandising strategies for neighborhood and community shopping centers.

I am genuinely curious about what makes retail businesses successful, and ask pointed questions to determine if the prospective tenants are a good match for shopping centers.  Underwriting has been a key component of my success, and has led to long term relationships.  I have represented Doerken Properties on their shopping center in Walnut Creek for over 20 years, and Invesco Real Estate for 25 years on their projects in Alamo, Walnut Creek and Dublin, and Waterford & Associates on their Sand Creek Crossing center in Brentwood California for over 10 years.

I have also acquired commercial real estate on my personal account over the past 15 years, and bring to the table personal ownership experience.  I can sympathize with owners on the costs of commissions, TI's and downtime, while making recommendations to maximize real estate value and objectives.

 

I have leased and sold millions of square feet of shopping centers during my career.  Several notable transactions include:

In 2015, I negotiated a renewal with Rite Aid 5 years early on their existing store in Alamo, California.  Rite Aid was running out of lease term and wanted to remodel the successful store.  I was successful in raising the rent from $0.31 psf/mo to $1.75 psf/mo, in exchange for giving them additional term.    We had been tracking their sales activity and lease expiration for years.  In the end it was a win/win for both parties.  Invesco was able to capitalize on the value created when they sold the shopping center to Donahue Schrieber a year later.

In the same year, I also assisted a landlord on a struggling center in Brentwood, California.  I was successful in leasing historical vacancies in an unanchored center to Quickly, Miracle Ear, Imperiale Tap Room, and then sold the center to the Dunhill Partners that owns the shopping center directly across the street.

In 2007 I assisted the same property owners above in leasing Crow Canyon Crest shopping center, in San Ramon to Starbucks Coffee, Comerica Bank, Zachary’s Pizza and The Cheese Steak shop.  He then sold the center along with the adjacent Bank of America building to Federal Realty.  Much of my business comes from repeat satisfied clients.

In 2008, I represented Blake Hunt Ventures and SKB in the leasing of a former 50,000 sf Albertson’s store to Mi Pueblo grocery stores.

 

Accomplishments

Eagle Scout, BSA T-236

Top Retail Agent in Walnut Creek 2008

CoStar Power Broker Award 2006

Expertise

Retail

Education

Bachelor of Science, Finance, University of Oregon

Affiliations & Memberships

Boy Scouts of America, ICSC

37.89769000 -122.06538500
Michael

Listings

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Description Price Total Space Property Type Offer Type
TREAT PLAZA CENTER

TREAT PLAZA CENTER

4425 Treat Blvd, Suite J, Concord, CA

PROPERTY NOTES > ±45,387 SF shopping center near signalized intersection of Treat Blvd ... Save

$2.25 1,565 sq ft Retail For Lease
SHAMROCK PLAZA

SHAMROCK PLAZA

6851 Amador Plaza Rd, Suite 103, Dublin, CA

LEASE NOTES > Rare opportunity in Safeway anchored center > Great location with easy a... Save

N/A 1,206 sq ft Retail For Lease
RETAIL SPACE FOR LEASE

RETAIL SPACE FOR LEASE

3721 Railroad Ave, Pittsburg, CA

PROPERTY NOTES > ±9,360 SF available > $1.00 PSF/mo, NNN (2014 estimated NNN expenses $... Save

$1.00 9,360 sq ft Retail For Lease
Grocery Store Available in Busy Newark Neighbo...

Grocery Store Available in Busy Newark Neighbo...

35156 NEWARK BLVD, NEWARK

Highly visible grocery store opportunity in Rosemont Square, a neighborhood shoppi... Save

N/A 33,575 sq ft Retail Sublease
THE CROSSINGS SHOPPING CENTER

THE CROSSINGS SHOPPING CENTER

3325 Deer Valley Rd, Antioch, CA

PROPERTY NOTES Established Safeway anchored center on Hillcrest Ave (major thoroughfare... Save

N/A 1,280 sq ft Retail For Lease
LAND  FOR SALE

LAND FOR SALE

Sand Creek Rd, Brentwood, CA

PROPERTY NOTES > Four Parcels Available 019-081-006 9.78 ACRES 019-081-019 4.50 AC... Save

$3,900,000.00 1,341,212 sq ft Land For Sale
CITRUS MARKETPLACE

CITRUS MARKETPLACE

2234 Oak Grove Rd, Walnut Creek, CA

LEASE NOTES > ±1200 SF available > Asking Rent: $3.50 PSF + $0.86 NNN > ±101,000 SF nei... Save

$3.50 1,200 sq ft Retail For Lease
TREAT PLAZA CENTER

TREAT PLAZA CENTER

4475 Treat Blvd, Suite G, Concord, CA

PROPERTY NOTES > ±45,387 SF shopping center near signalized intersection of Treat Blvd ... Save

$2.25 2,584 sq ft Retail For Lease
THE CROSSINGS SHOPPING CENTER

THE CROSSINGS SHOPPING CENTER

3333-3375 Deer Valley Rd, Suite Junior Anchor, Antioch, CA

PROPERTY NOTES Established Safeway anchored center on Hillcrest Ave (major thoroughfare... Save

N/A 10,656 sq ft Retail For Lease
SAND CREEK CROSSING

SAND CREEK CROSSING

2300-2530 Sand Creek Rd, Suite D-3, Brentwood, CA

PROPERTY NOTES Sand Creek Crossings is a premier shopping center, anchored by Raley’s, ... Save

N/A 2,000 sq ft Retail For Lease
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