NKF Capital Markets Arranges $59.3 Million Sale of Elk Grove Commons Near Sacramento
ELK GROVE, CALIF. — NKF Capital Markets has arranged the sale of Elk Grove Commons, a 241,926-square-foot shopping center in Elk Grove, a southern suburb of Sacramento.
The sales price was not disclosed, but the Sacramento Business Journal reports the asset sold for $59.3 million.
Nicholas Bicardo and Brandon Rogoff of NKF Capital Markets arranged the transaction on behalf of the seller, Donahue Schriber.
Acadia Realty Trust acquired the center, which was fully leased at the time of sale. Elk Grove Commons houses tenants such as Trader Joe’s, HomeGoods and Kohl’s.