REBusinessOnline

SyWest Development Buys Retail Center Near Sacramento for $21.6M

Parkway Plaza in Lincoln, California, is home to Lowe’s Home Improvement, Dollar Tree and Big 5 Sporting Goods.

LINCOLN, CALIF. — SyWest Development has acquired Parkway Plaza, a 205,452-square-foot retail center in Lincoln, for $21.6 million.

Bob and Jared Dong of TRI Commercial/CORFAC International arranged the transaction on behalf of the seller, Parkway-Sterling Investors, which developed the property in 2007 in a joint venture with Catlin Properties. At the time of sale, Parkway Plaza was fully leased to tenants including Lowe’s Home Improvement, Dollar Tree, Big 5 Sporting Goods, Red Robin, Paradise Laundry and Verizon Wireless.

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