WEST SACRAMENTO, CA—The Buzz Oates Group hascompleted the sale of the Riverpoint Marketplaceshopping center in West Sacramento to Excel Trustof San Diego, CA.

Riverpoint Marketplace is a 900,000 square-foot mixed-useregional power center development anchored by IKEA, WalmartSupercenter, and The Home Depot. Theproject, located at the south east quadrant of Reed Avenue andInterstate 80, is the fourth largest retail development in theSacramento region after the Roseville Galleria,Arden Fair and Sunrise RegionalMalls. Excel Trust purchased 12buildings totaling approximately 134,000 squarefeet, of the development, not owned by the anchortenants. Tenants in the buildings purchased by Excel includeRoss Dress for Less, Americas Tire, Petco, Sketchers, IHOP,Golden 1 Credit Union, Sprint, Five Guys, Chipotle, Styles forLess, GNC, Rue 21, Radio Shack, PaylessShoeSource, Gamestop, Wicked West Pizza, Sally Beauty,Barebones Workwear, Beach Hut Deli, Sport Clips, Hot Nails,Wing Stop, Burger King, T Mobile, Batteries + Bulbs, Eureka Dental,Smog' N Go, Sleep Train, and La-Z-Boy.Also as part of the transaction, Community BusinessBank exercised an option to purchase their 7,020 SFHeadquarters/Branch facility located at 725 RiverpointCourt. Financial terms of the transaction were notdisclosed.

“We are very proud of our entireorganizations' execution of a complicated project during a verychallenging economic environment 2008-2011,” saidKevin Ramos, thechief investment officer of The Buzz Oates Group of Companies(BOGC). “Our partnership took a significant risk, during adifficult economic period to say the least, and successfullydelivered a project that will benefit our community for manyyears.”