The former Sears building located at 1601 Arden Way in Sacramento has been sold to Arden Fair's owners for $7.85 million. This retail property spans 157,000 square feet and is situated in the bustling market of Sacramento. The transaction is part of a larger trend towards mixed-use developments in shopping centers, and the buyers plan to integrate modern retailers and amenities into the space.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $7,850,000
• Square Footage: 157,000
• Address: 1601 Arden Way, Sacramento
• Buyer: Arden Fair - Nathan Spradlin

Arden Fair's acquisition of the former Sears building at 1601 Arden Way marks a strategic move towards enhancing the retail landscape in the area. By introducing modern retailers and amenities, the buyers aim to align with the current trend of mixed-use developments in shopping centers. This transaction reflects the growing demand for versatile and dynamic retail spaces in the Sacramento market.