Phillips Edison & Co. has acquired Del Paso Marketplace in Sacramento, Calif., The acquisition serves to bolster PECO’s presence in Northern California, representing the company’s fifth shopping center in greater Sacramento. A sales price was not disclosed.
Del Paso Marketplace is anchored by a 29,296-square-foot Sprouts Farmers Market and features a dynamic mix of local and national tenants, including T-Mobile, Chipotle, Club Pilates, Cookie Cutters, Ono Hawaiian BBQ, State Farm and Jersey Mike’s subs. The 59,796-square-foot shopping center is located at the intersection of Del Paso Road and East Commerce Way in the densely populated neighborhood of North Natomas. Natomas has excellent demographics including a nearly $90,000 average household income within a three-mile radius and strong daytime employment and residential growth.
“Sacramento is an attractive market that has seen tremendous job and population growth, creating a compelling opportunity for us
