Capital Pacific Successfully Sells Another Shopping Center
 Capital Pacific successfully brokered the sale of another shopping center. The property is located in Red Bluff, CA and is a shadow strip portion of a Wal-Mart/Raleys anchored shopping center, located at the main retail intersection in Red Bluff. Capital Pacific sold a similar asset in the Redding area for the same seller earlier this year and worked through multiple obstacles to execute the sale. The buyer was a California 1031 exchange investor who had sold an apartment building in San Jose. Capital Pacific cooperated with an outside broker that we’ve worked successfully with on previous transactions. This is third closing with this institutional group in approximately one year for Capital Pacific. |