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Merlone Geier Makes Shopping Center Play

SACRAMENTO—One of the most prominent grocery-anchored retail centers on one of the busiest intersections in Sacramento trades hands with possible redevelopment ahead.

By Natalie Dolce | Updated on October 28, 2014

SACRAMENTO—The University Village Shopping Center, located at the southeast intersection of Fair Oaks Blvd. and Howe Avenue in Sacramento has changed hands. The seller was Howe and University LLC, a local investor that acquired the property in 2002.

Merlone Geier Partners, a San Francisco-based investment company, purchased University Village Shopping Center for an undisclosed price, which is reportedly said to be around $20 million.

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