Chico Mall occupies one of the biggest and most visible retail sites in Northern California.
CHICO, CA—Chico Mall, a 503,710-square-foot regional mall, is within walking distance of Chico's largest master-planned community, Meriam Park. This 270-acre planned development will mix new urbanism with traditional neighborhood design. In anticipation of the project and possible surrounding development, the mall recently sold to Ethan Conrad Properties for an undisclosed price.
Chico Mall is on East 20th Street in the epicenter of Chico's retail corridor. Situated on nearly 39 acres of prime real estate fronting Highway 99, the mall occupies one of the biggest and most visible retail sites in Northern California.
“We continue to see a tremendous amount of capital targeting true value-add opportunities for well-located retail assets,” Nicholas Bicardo, Newmark Knight Frank vice chairman, tells GlobeSt.com. “The market fundamentals, coupled with the underlying real estate and tenant demand, made this a highly sought-after opportunity and competitive bidding process.”
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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.
