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California  + Retail  | 

Grocery-Anchored Retail Center Trades in Stockton

SRS Real Estate Partners’ completed the $17 million sale of a 105,297-square-foot grocery-anchored center in Stockton, CA. The private buyer was GIGU, Inc. while the seller was PPC-Stockton Plaza, L.P.

Anchored by Food Source (Raley’s), the Central Valley retail asset is 97% occupied with tenants that include AutoZone, BBVA Compass Bank, Great Clips, McDonalds and Little Caesars. The center is located at 2323 W. Hammer Ln., across from Stockton Medical Plaza.

SRS’ Chris Tramontano, John Redfield and Steve Kalyk represented the seller.

Redfield says, “The buyer was interested in Stockton Plaza based on the long-standing historical occupancy of Raley’s, which recently re-branded to Food Source, along with the shop tenants that have occupied the center since the original development. This, combined with strong cash on cash returns due to low interest rates, drew the exchange buyer, who sold a hospitality site, to invest in this grocery-anchored center.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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