Woodland Crossroads Sells for over $18 Million

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 [...]