A major shopping center near Grass Valley now has new ownership. Pine Tree Commercial Realty…based in the Chicago, Illinois area…has purchased the Pine Creek Center, off Highway 49, just south of town. The senior vice-president of marketing, Graham Grochocinski says it’s the only retail property the currently own in California. He says Grass Valley is a very attractive, Gold Rush-era, community to invest in…

click to listen to Graham Grochocinski

Grochocinski says the initial focus of activities and events will be seasonal, including during Christmas and Halloween. He says concert series may also be explored in future, which they’ve held at other retail centers they own, including one in Minneapolis. There is over 216-thousand square feet of retail space at the Pine Creek Center…

click to listen to Graham Grochocinzki 1

Grochocinski says he could not speculate on what kinds of tenants were possible for the remaining vacant retail space at Pine Creek.