Pacific Castle Acquires Four Sacramento Area Properties

SACRAMENTO, CA—Pacific Castle, a premier owner and operator of retail shopping centers in the West Coast, has recently acquired four properties for approximately $40 million in the Sacramento area. The opportunistic purchase of the Sacramento region assets signals the continued trend of the company to add to its diversified portfolio.

“We have had a presence in Sacramento for the last decade and as the economy continues to recover, we could see ourselves invested in the region for years to come,” said Rod Astarabadi, president of Pacific Castle. “Despite the high competition for these properties, we were well-positioned to quickly complete the transactions at a substantial pricing discount. Augmenting our portfolio with the high-quality strategic Sacramento locations enables us to leverage our experience and economies of scale to upgrade the tenant mix, improve the occupancy and provide for long-term growth.”