ATCO acquires California Whole Foods outpost

New York -- Manhattan-based ATCO Properties & Management said it has acquired a Whole Foods retail location in Mill Valley, Calif., for $17.3 million.

Situated within the Alto Shopping Center on Mill Valley’s North side, the 23,200-sq.-ft. store opened a year ago and has established itself as one of the chain’s best performers, according to ATCO senior VP Damon Hemmerdinger.

The Whole Foods purchase is the latest transaction in ATCO’s City Center Real Estate Joint Venture Program, a $200 million investment program devoted to the acquisition of prime real estate projects.

ATCO purchased the Mill Valley property in partnership with Balboa Retail Partners.