STOCKTON, Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the sale of Pacific Town Center, a newly remodeled, fully leased, 142,957-square-foot shopping center anchored by Smart & Final Extra!, Chuze Fitness and Ross Dress for Less in Stockton, California. The sale price was $27 million.
Hanley Investment Group’s Vice President Sean Cox and Executive Vice President Kevin Fryman represented the seller, Brixton Capital, a vertically integrated operator of retail and multifamily properties based in San Diego. The buyer, CJ Park & Associates, based in Los Angeles, represented themselves.
Hanley Investment Group also represented the seller in the prior sale of Pacific Town Center in October 2023, when Brixton Capital acquired the property as a complex value-add opportunity and advised on strategically positioning the asset as a stabilized retail center. At that time, the center was 58% vacant.
“We generated competitive interest and procured multiple offers from private capital and mid-marketbuyers,” said Cox. “We identified and selected a repeat, private 1031 exchange buyer requiring a short-term escrow, which provided the seller with a high level of execution certainty.”
Cox added, “It has been rewarding to represent both ownership groups in consecutive transactions. When we arranged the sale of Pacific Town Center to Brixton Capital in 2023, they recognized the potential to reposition a well-located, grocery-anchored center in California’s Central Valley. Over the next two years, they carried out that vision by completing a full renovation, securing national tenants and bringing the property to full occupancy. The transformation created a compelling investment for the next owner.”
Fryman said Brixton’s redevelopment significantly strengthened the center’s long-term value. “Brixton delivered on every aspect of the business plan, from re-tenanting more than 80,000 square feet to completing a substantial renovation. Their work positioned Pacific Town Center as a 100%-leased, high-performing asset that drew strong buyer interest. We were pleased to help them achieve a successful exit.”
Pacific Town Center is located at 616-760 West Hammer Lane at the signalized intersection of Hammer Lane, Pacific Avenue and Lower Sacramento Road, an area with more than 67,000 cars per day. The property is approximately two miles east of Interstate 5, which carries 105,000 cars per day. The center sold for 98% of the asking price, reflecting continued demand for quality grocery- and junior-box-anchored shopping centers, according to Cox.
Pacific Town Center was built in 2003 and remodeled in 2025. The center encompasses approximately 10.08 acres and features a tenant mix that consists of 98% national and regional retailers, including Smart & Final Extra!, Chuze Fitness, Ross Dress for Less, Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental.
Smart & Final Extra! reports strong sales and has demonstrated its long-term commitment to the center. In 2018, the grocer invested one million dollars in upgrades at its own expense and extended its lease. The company operates 254 stores across California, Arizona and Nevada and is consistently ranked among the nation’s leading grocery chains.
Chuze Fitness opened in May 2025 under a long-term lease. The operator has 57 locations across six states, and the Stockton location ranks as one of the most visited in the country since opening, according to Placer.ai.
Ross Dress for Less opened in October 2025 under a long-term lease. Ross Stores, Inc. is the largest off-price apparel and home fashion chain in the United States with 1,795 Ross Dress for Less locations plus 353 dd’s DISCOUNTS stores.
According to Fryman, the 2025 renovation included a parking lot reseal and restripe, building facade upgrades, LED lighting improvements, landscaping enhancements and a new monument sign. The improvements position the property as a pride-of-ownership asset at below replacement cost.
Pacific Town Center is situated within one of Stockton’s most established retail corridors at the convergence of two major arterials. Pacific Avenue is the city’s highest-trafficked north-south thoroughfare and provides access to major retail destinations including Sherwood Place, Weberstown Mall and Lincoln Center. Hammer Lane connects Interstate 5 and Highway 99 and features major retailers including Costco, Walmart, Lowe’s, The Home Depot and Food4Less.
The center is located in one of Stockton’s most affluent and densely populated infill areas. There are over 276,000 residents within a five-mile radius with an average household income of $105,000. Nearly 30,000 residential units are planned or under construction throughout the city. The property is located just south of A.G. Spanos Park, a master-planned community with more than 3,000 existing homes, 308 multifamily units and an additional 3,600 homes planned or under construction.
Stockton is the 11th largest city in California with more than 319,000 residents and serves as the county seat of San Joaquin County. The city is a major economic hub and is ranked as the second-largest transportation and logistics hub in the United States, the largest inland port in California and the fourth-busiest port in the state. The area is home to San Joaquin Delta College, University of the Pacific and Stanislaus State Stockton.
Cox said Pacific Town Center’s combination of strong national tenants, recent renovation and prime location within one of Stockton’s most active retail corridors made it a desirable acquisition opportunity. He added that the property’s long-term stability and below-replacement-cost pricing aligned well with current private investor demand.
About Brixton Capital
Brixton Capital is a private real estate investment company focused on generating outstanding, risk-adjusted returns by unlocking embedded value in multifamily and retail properties. Headquartered in San Diego County’s Solana Beach, California, Brixton’s leadership team averages over 25 years of commercial real estate expertise. The firm currently owns and operates a diverse portfolio valued at ~$2.0 billion across the western United States.
For more information, visit www.brixtoncapital.com.
About CJ Park & Associates
CJ Park & Associates, LLC (“CJ Park”) is a privately owned and operated real estate investment company headquartered in Los Angeles, California, with a focus on acquiring, owning and managing retail assets across the United States. With more than five decades of experience spanning multiple market cycles, CJ Park has built a strong track record of investing in well-located properties supported by durable fundamentals and long-term growth potential. The firm employs a disciplined, long-term investment approach and is actively involved in all aspects of asset management, leasing and operations. Known for its hands-on management style and relationship-driven philosophy, CJ Park continues to grow its retail portfolio while maintaining a commitment to stability, operational excellence and long-term ownership.
For more information, visit www.cj-park.com.
About Hanley Investment Group
Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a $12.6 billion transaction track record that specializes in the sale of retail properties nationwide. The company’s expertise, proven track record and dedication to putting clients’ needs first set it apart in the industry. Hanley Investment Group creates value by delivering exceptional results through property-specific marketing strategies, cutting-edge technology and local market knowledge. Hanley Investment Group’s relationships with investors, developers, institutions, franchisees, brokers and 1031 exchange buyers translate into maximum exposure and pricing for each property. With unmatched service and more than 20 years of experience, Hanley Investment Group has redefined the experience of selling retail investment properties.
For more information, visit www.hanleyinvestment.com.
Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Sean Cox, Vice President
Email: Send Email
Phone: 949.244.9335
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/