Sacramento Shopping Centers Sold
Two local Sacramento shopping centers have been sold as part of Kimco Realty Corp.’s sell-off of some of the properties it acquired in a merger last year with Pan Pacific Retail Properties Inc.
Kimco has sold the K-Mart shopping center (132,630 square feet) at 5200 Stockton Blvd. and the Glenbrook Shopping Center (69,230 square feet) at 8700 La Riviera Drive to Doerken Properties Inc., a Southern California real estate investment company that already had a presence in Sacramento. CB Richard Ellis brokered the sale.
CB Richard Ellis has one more to sell in Greater Sacramento — the FoodMaxx anchored Elverta Crossing shopping center, of which almost 120,000 square feet is up for sale.