Premier Business Centers

The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 30, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
CenterSquare Investment Management Picks Up 44k sf Sacramento Area Retail Center


CenterSquare Investment Management paid $17.25 mil for Waterman Grove Plaza, a 44.1k sf ($391/sf), value-add retail strip center in the growing Sacramento-area community of Elk Grove. The property was sold by Pacific Castle Management Inc.

The 89%-leased Waterman Grove Plaza houses a diverse mix of internet-resistant, national and regional quick-service restaurants, fitness, personal care and service tenants such as Pets To Go, Panda Express, Jamba Juice, Mountain Mikeís Pizza, 9Round, Subway and Envy Day Spa.

Positioned on 4.17 acres at 9304-9332 Elk Grove Blvd, Waterman Grove Plaza is at the intersection of Elk Grove Blvd and Waterman Rd in Elk Grove, a growing community 14 miles southeast of Sacramento. The area immediately surrounding the center is experiencing a boom in multi-housing development to support the growing and affluent residence base that includes 81,001 residents earning an average household income nearing $118,000 within a three-mile radius. Considered one of the largest growth markets in the country, the population has increased by an impressive 18.5% since 2010 and is showing no signs of slowing down.

Eric Kathrein, Gleb Lvovich, Bryan Ley and Warren McClean with JLL Retail Capital Markets represented the seller in the deal.

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media