Creekside Center is a 112,092-square-foot neighborhood grocery-anchored shopping center.
VACAVILLE, CA—Neighborhood centers, especially grocery-anchored ones, continue to outperform other retail centers due to the inherent Internet-resistant nature of that type of asset. In a recent example, an institutional investor making its first retail acquisition in Northern California has purchased Creekside Center, a 112,092-square-foot neighborhood shopping center. The institutionally managed center is anchored by a strong performing Raley's supermarket and complemented by a mix of necessity-driven tenants that provide the surrounding community with a complete shopping experience.
Newmark Knight Frank vice chairman Nicholas Bicardo and managing director Brandon Rogoff represented the seller, Weingarten Realty Investors. The price was undisclosed.
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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.
