Woodland Crossroads in Sacramento Sells for Over $18MM

Woodland Crossroads, Sacramento Valley, Woodland, K-Mart, Engstrom Properties, Cushman & Wakefield, Wald | LeBuhn, El Tigre Holdings, Keller Williams

Sacramento Valley Shopping Center Ideally Tenanted to Thrive in Era of E-commerce

WOODLAND, Calif. (August 29, 2018) – Woodland Crossroads, a grocery-anchored promotional shopping center in Woodland (Sacramento Valley), California, has sold to a private capital investment group in Southern California for $18.045 million. Originally developed in 1985 with K-Mart as its anchor, Woodland Crossroads was substantially redeveloped in 2016 as a Grocery Outlet-anchored and regionally-drawing mid-sized box promotional center.

The seller was Woodland Crossroads TIC – Engstrom Properties, which was represented in the transaction by Cushman & Wakefield’s Dan Wald and Don LeBuhn (The Wald | LeBuhn Team), both Executive Managing Directors with the firm’s Retail Investment Advisors Group. The buyers, affiliates of El Tigre Holdings, were represented by the Yorba Linda office of Keller Williams.

In addition to Grocery Outlet, Woodland Crossroads features key retailers Ross, Party City, Harbor Freight and Tractor Supply as well as a number of successful in-line tenants.

According to Mr. Wald, “Woodland Crossroads was ideally tenanted to thrive in the era of e-commerce. The property combines value retailing in Ross and Grocery Outlet with the style of hands-on product merchandising of Harbor Freight and Tractor Supply that cannot be replicated online.”

Mr. LeBuhn added, “The buyer had a substantial grocery and retail background and recognized the synergy of Woodland Crossroads’ tenant mix as well as the economic model of Grocery Outlet. As a result, they prioritized this offering over other shopping centers being marketed in Northern and Southern California.”

The Wald | LeBuhn Team represents owners of retail investment properties throughout Northern and Central California and Northern Nevada. To date, the Team has completed over 250 retail investment transactions with a total value of over $3.5 Billion.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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