CBRE Arranges $42.1 Million Sale of Southgate Plaza in Sacramento

Sacramento, Calif. — CBRE has arranged the $42.1 million sale of Southgate Plaza, a 339,369-square-foot shopping center located in Sacramento, to NewMark Merrill Cos. LLC.

Tenants at the center include Walmart Neighborhood Market, 99 Ranch Market, 99 Cents Only, Ross Dress for Less, Baskin-Robbins, Sally Beauty and Payless Shoe Source. Philip D. Voorhees, Jimmy Slusher, Todd Goodman, Megan Wood, Matt Burson, Kirk Brummer, Preston Fetrow and John Read of CBRE represented the seller, Wrightwood Financial, and the buyer.