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NORTHERN CALIFORNIA NEWS
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Stockton Retail Portfolio Totaling 262k sf Sells

11/21/18

Highpoint Capital Group recently acquired the Pacific Avenue Retail Portfolio in Stockton. The purchase, which consists of Robinhood Plaza and StoneCreek Village, totals 262.3k sf of space. The properties were sold by Stone Bros Management.

The Pacific Avenue Portfolio is comprised of two of the highest quality retail assets in the central valley. Both assets are prominently positioned across the street from each other on the corners of Pacific Ave and Robinhood Dr, in the heart of the Stockton retail market.

Located on the northwest corner of Pacific and Robinhood, Stone Creek Village features a mix of quick-service and casual restaurants, soft good retailers and high-quality office suites on the second level. Built in 2008, the center was developed as an open-air village with stone pathways and outdoor fountains. Stonecreek Village encompasses 169.9k sf of space including a BJs Brewery, Boudin Bakery and Five Guys Burgers, among others.

Robinhood Plaza is a 92.4k sf Ross Dress for Less-anchored community center. Located on the northeast corner of Pacific and Robinhood, the center sits on one of the busiest intersections in Stockton and enjoys an expansive draw area due to the host of complementary retailers located nearby. Currently 100% occupied, Robinhood Plaza has maintained a high historical occupancy and entrenched tenant roster.

Nicholas Bicardo and Brandon Rogoff with Newmark Knight Frank represented the seller in the transaction. According to Bicardo, the firm fielded multiple offers on both assets.

Stockton is a rapidly evolving city of 300,000 people and is widely considered the economic, political, and social epicenter of California’s central valley. Stockton has established itself as an irreplaceable component to the greater San Francisco Bay Area economy as the city is strategically positioned 50 miles south of California’s state capitol, Sacramento, and 80 miles east of the world’s most prosperous and innovative metropolitan city, San Francisco.





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