Brunswick Plaza complex sold |

Brunswick Plaza complex sold

A major retail complex in the Brunswick Basin, Brunswick Plaza, has been sold for more than $4.5 million by Coldwell Banker Commercial G.R. Realty, of Grass Valley.

The previous owner is a labor union trust fund, the buyer of Brunswick Plaza is Svend Hansen, who bought the property for the Svend Hansen Trust.

Located at 471 Sutton Way, the 38,690 square foot facility currently houses 18 tenants including Chano’s Mexican restaurant, Incredible Pets and Sutton Cinemas.

“Coldwell Banker Commercial was selected over several national and local firms to represent the seller,” Mike Snegg, Coldwell Banker Commercial co-owner, said. “We were chosen because of our history with the property, our outstanding service in leasing the property over the last eight years, and our strong combination of local contacts and national reach.

“We received more than 130 inquiries from potential buyers when we began marketing the property.”

Ultimately Coldwell Banker Commercial narrowed the field of potential buyers down to the top four from which Hansen Trust became the successful buyer.

Hansen Trust plans to use local people for building services, construction, repairs, and general services, a change from the approach used by the former owners.

“This will open job opportunities to our local community that previously have been closed,” Snegg added.

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