{"id":1004685992,"date":"2023-10-17T05:43:31","date_gmt":"2023-10-17T13:43:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004685992"},"modified":"2023-10-17T05:43:32","modified_gmt":"2023-10-17T13:43:32","slug":"brixton-capital-buys-central-valley-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brixton-capital-buys-central-valley-shopping-center\/","title":{"rendered":"Brixton Capital Buys Central Valley Shopping Center"},"content":{"rendered":"
\"Completed<\/a>

Pacific Town Center came online in 1967. Image courtesy of Brixton Capital<\/em><\/p><\/div>\n

Brixton Capital<\/strong> has purchased Pacific Town Center, a 143,217-square-foot retail center in Stockton, Calif. Hanley Investment Group<\/strong> arranged the off-market transaction on behalf of the seller, identified by CommercialEdge as CORE Commercial<\/strong>.<\/p>\n

Completed in 1967, Pacific Town Center encompasses two buildings on a 10-acre site.\u00a0Anchored by Michael\u2019s, Smart & Final Extra, Mancini\u2019s and Pier 1 Imports, the property was 42 percent leased at the time of sale.<\/p>\n

Its tenant roster<\/a> also includes Smart & Final, Aaron\u2019s, Sketchers, Round Table Pizza, Panda Express, Subway and other neighborhood-serving retailers and restaurants. The new owner plans to re-tenant the spaces previously occupied by Toys \u2018R\u2019 Us and T.J. Maxx, by bringing new retail offerings.<\/p>\n

Pacific Town Center occupies more than 10 acres at 718-760 W. Hammer Lane, in an Opportunity Zone of the Central Valley market. The property is near Interstate 5, which provides direct access to downtown Sacramento, Calif. According to Colliers, the shopping center serves approximately 164,446 residents within a 3-mile radius, with the average household income of $60,166.<\/p>\n

Hanley Investment Group has recently brokered the $15.8 million sale of an 80,877-square-foot shopping center<\/a> in Fresno, Calif. The firm worked on behalf of the seller, JL Management.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property was 42 percent leased at the time of sale.<\/p>\n","protected":false},"author":3014,"featured_media":1004685994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21749,36080,15],"tags":[34634,33902],"class_list":["post-1004685992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-retail","category-sacramento","category-west","tag-brixton-capital","tag-hanley-investment-group"],"acf":[],"yoast_head":"\nBrixton Capital Buys Central Valley Shopping Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Brixton Capital has purchased Pacific Town Center, a 143,217-square-foot retail center in Stockton, Calif., from CORE Commercial.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brixton-capital-buys-central-valley-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brixton Capital Buys Central Valley Shopping Center\" \/>\n<meta property=\"og:description\" content=\"Brixton Capital has purchased Pacific Town Center, a 143,217-square-foot retail center in Stockton, Calif., from CORE Commercial.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brixton-capital-buys-central-valley-shopping-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-17T13:43:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-17T13:43:32+00:00\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Pacific-Town-Center-Stockton-CA-Drone-_-3157-e1697537808352.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brixton-capital-buys-central-valley-shopping-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brixton-capital-buys-central-valley-shopping-center\/\",\"name\":\"Brixton Capital Buys Central Valley Shopping Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brixton-capital-buys-central-valley-shopping-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brixton-capital-buys-central-valley-shopping-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Pacific-Town-Center-Stockton-CA-Drone-_-3157-e1697537808352.jpg\",\"datePublished\":\"2023-10-17T13:43:31+00:00\",\"dateModified\":\"2023-10-17T13:43:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Brixton Capital has purchased Pacific Town Center, a 143,217-square-foot retail center in Stockton, Calif., from CORE Commercial.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brixton-capital-buys-central-valley-shopping-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/brixton-capital-buys-central-valley-shopping-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brixton-capital-buys-central-valley-shopping-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Pacific-Town-Center-Stockton-CA-Drone-_-3157-e1697537808352.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Pacific-Town-Center-Stockton-CA-Drone-_-3157-e1697537808352.jpg\",\"width\":3688,\"height\":2766,\"caption\":\"Completed in 1967, Pacific Town Center encompasses two buildings on a 10-acre site. 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