The Natomas neighborhood shopping center is anchored by CVS/pharmacy and Ace Hardware.
SACRAMENTO, CA—The recent off-market sale of Natomas Shopping Center shows the strength of neighborhood centers. The 50,168-square-foot neighborhood shopping center is anchored by daily-needs retailers such as CVS/pharmacy, Ace Hardware and Dollar Tree.
Hanley Investment Group executive vice presidents Kevin Fryman and Bill Asher represented the seller, a private investor from Bakersfield, CA. The buyer, a private Bay Area investor, was self represented. In this exclusive, Fryman recently shared some insights into the neighborhood center and its advantages, along with the overall retail climate in Sacramento.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
