REBusinessOnline

STEADFAST COMMERCIAL PROPERTIES GAINS 1.2 MILLION-SQUARE-FOOT RETAIL CENTER

CITRUS HEIGHTS, CALIF. — Newport Beach, Calif.-based Steadfast Commercial Properties Retail Division has acquired Sunrise Mall, a 1.2 million-square-foot super-regional shopping center located in Citrus Heights. At the time of acquisition, the property was 94 percent occupied by a variety of tenants, including Macy’s, Macy’s Men & Home, JC Penney, Sears, United Artist Theaters and 115 shops, services and specialty retailers. Originally constructed in 1971, the property received a $13 million renovation in 1999 and a 400-seat food court was added to the center in 2007. The seller and acquisition price were not disclosed.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties