Redeveloped Riverpoint Marketplace Trades

WEST SACRAMENTO, CA—The Buzz Oates Group has completed the sale of the Riverpoint Marketplace shopping center in West Sacramento to Excel Trust of San Diego, CA.

Riverpoint Marketplace is a 900,000 square-foot mixed-use regional power center development anchored by IKEA, Walmart Supercenter, and The Home Depot. The project, located at the south east quadrant of Reed Avenue and Interstate 80, is the fourth largest retail development in the Sacramento region after the Roseville Galleria, Arden Fair and Sunrise Regional Malls.  Excel Trust purchased 12 buildings totaling approximately 134,000 square feet, of the development, not owned by the anchor tenants.  Tenants in the buildings purchased by Excel include Ross Dress for Less, Americas Tire, Petco, Sketchers, IHOP, Golden 1 Credit Union, Sprint, Five Guys, Chipotle, Styles for Less, GNC, Rue 21, Radio Shack, Payless ShoeSource, Gamestop, Wicked West Pizza, Sally Beauty, Barebones Workwear, Beach Hut Deli, Sport Clips, Hot Nails, Wing Stop, Burger King, T Mobile, Batteries + Bulbs, Eureka Dental, Smog’ N Go, Sleep Train, and La-Z-Boy. Also as part of the transaction, Community Business Bank exercised an option to purchase their 7,020 SF Headquarters/Branch facility located at 725 Riverpoint Court. Financial terms of the transaction were not disclosed.