SACRAMENTO—The University Village ShoppingCenter, located at the southeast intersection of Fair OaksBlvd. and Howe Avenue in Sacramento has changed hands. The sellerwas Howe and University LLC, a local investor thatacquired the property in 2002.
Merlone Geier Partners, a San Francisco-basedinvestment company, purchased University Village Shopping Centerfor an undisclosed price, which is reportedly said to be around $20million.
TRI Commercial/CORFAC International'sBryan Wirt was the only broker involved in thedeal. The 82,688-square-foot shopping center is approximately 97%occupied with only one, 1,700-square-foot space available forlease.
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