(For more retail coverage, click GlobeSt.com/RETAIL.)
SACRAMENTO-Country Club Plaza, a 432,000-sf regional mall here, has changed hands for $57.75 million. LaeRoc Partners Inc. of Hermosa Beach acquired the property from Camwatt LLC (formerly Urban Retail Partners LLC).
Large tenants at the mall include Macys (NAP), Gottschalks, Bed Bath and Beyond, Off Broadway Shoes, Sport Chalet and Ross Dress for Less. The seller substantially redeveloped the mall in a process that began in 2003.
The repositioning included reconstruction on the interior common area corridor to curve from end to end, which allowed for a larger center court and increased frontage visibility. The repositioning also included the addition of two new large tenant spaces to Sports Chalet and Off Broadway Shoes, and new interior and exterior entrances for Bed Bath and Beyond.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.