|
|
1/08/26
|
CJ Park & Associates, out of Los Angeles, purchased Pacific Town Center, a newly remodeled, fully leased, 143k sf shopping center anchored by Smart & Final Extra!, Chuze Fitness and Ross Dress for Less in Stockton, for $27 mil ($189/sf). The property was sold by Brixton Capital.
Pacific Town Center is located at 616-760 West Hammer Lane at the signalized intersection of Hammer Lane, Pacific Ave and Lower Sacramento Rd, an area with more than 67,000 cars per day. The property is approximately two miles east of Interstate 5, which carries 105,000 cars per day.
Pacific Town Center was built in 2003 and remodeled in 2025. The center encompasses approximately 10.08 acres and features a tenant mix that consists of 98% national and regional retailers, such as Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental, in addition to the anchor tenants.
Pacific Town Center is situated within one of Stockton’s most established retail corridors at the convergence of two major arterials. Pacific Avenue is the city’s highest trafficked north-south thoroughfare and provides access to major retail destinations including Sherwood Place, Weberstown Mall and Lincoln Center. Hammer Lane connects I-5 and Hwy 99 and features major retailers including Costco, Walmart, Lowe’s, The Home Depot and Food4Less.
The center is located in one of Stockton’s most affluent and densely populated infill areas.
During their ownership, Brixton re-tenanted more than 80k sf at the center and also completed a substantial renovation. Their work positioned Pacific Town Center as a 100%-leased, high performing asset.
Sean Cox and Kevin Fryman with Hanley Investment Group Real Estate Advisors represented Brixton Capital, a vertically integrated operator of retail and multifamily properties based in San Diego. CJ Park & Associates represented themselves in the transaction. Hanley Investment Group also represented the seller in the prior sale of Pacific Town Center in October 2023, when Brixton Capital acquired the property as a complex value add opportunity and advised on strategically positioning the asset as a stabilized retail center. At that time, the center was 58% vacant.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
