Nut Tree

Nella Holdings, Tower Investments Buy 370,114-Square-Foot Nut Tree Plaza in Central California

by Julia Sanders

Vacaville, Calif. — Nella Holdings and Tower Investments have acquired Nut Tree Plaza in Vacaville from a partnership managed by Dunhill Partners for $124.5 million. Located at 1621 E. Monte Vista Ave, the 370,114-square-foot center features 68 retail stores, 17 restaurants and outdoor attractions including a kiddie train. Current tenants include Nordstrom Rack, Ulta Beauty, Best Buy, PetSmart, Five Below, Cost Plus World Market, HomeGoods, Old Navy, Buffalo Wild Wings, Old Navy, Michaels, Best Buy, Home Goods, Bevmo!, Panera Bread, Peet’s Coffee, See’s Candies, Jelly Belly Candy Store and Jamba Juice. At the time of sale, the property was 96 percent occupied. Dunhill Partners will provide property management services for the retail center. Jimmy Slusher, Philip Voorhees and James Tyrrell of CBRE’s National Retail Partners – West represented the seller, while DCA Partners facilitated the relationship between the buyers. Citibank and Wells Fargo financed the transaction.

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