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May 31, 2020
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Ethan Conrad Properties Buys 500k sf NoCal Retail Center


Chico Mall, a 503.7k sf regional mall located in the city of Chico, was purchased by Ethan Conrad Properties. The center is anchored by Dicks’ Sporting Goods, JCPenney and Forever 21, as well as a former Sears box that is currently vacant. Chico is located about 85 miles north of Sacramento.

Situated on nearly 39 acres, Chico Mall occupies one of the biggest and most visible retail sites in Northern California. The property is prominently positioned off Highway 99 and E. 20th Street, in the epicenter of Chico’s retail corridor.

The mall features more than 30 tenants and is walking distance to Chico’s largest and most anticipated master planned community Meriam Park. This 270-acre planned development epitomizes the Chico experience, mixing new urbanism with traditional neighborhood design. Chico Mall benefits from a strong 25-mile demographic that includes a 244,473 population and $67,331 average household income.

Nicholas Bicardo, Thomas Dobrowski and Brandon Rogoff with Newmark Knight Frank represented the seller in this transaction. The price was not immediately disclosed.

“Chico Mall was renovated in 2012, but still provides for a great deal of value-add potential. It is the most dominant regional center within a 70-mile radius. The existing vacancy and site control, coupled with the fact that this center is the preferred destination for retailers looking to expand in the region, made this a very compelling repositioning opportunity,” said Bicardo.

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