Embel Management Acquires Riverpoint Marketplace In West Sacramento For $36M

Embel Management, headquartered in Beverly Hills, has purchased Riverpoint Marketplace in West Sacramento, the largest shopping center in the area, for $36 million. The retail property, located at 744-795 Ikea Court, spans across 113,967 square feet and is situated in the West Sacramento market. The transaction between Embel Management and ShopCore Properties was facilitated by brokers Eric Kathrein and Warren McClean of JLL.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $36,000,000
• Address: 744-795 Ikea Court
• Market: West Sacramento

Moisce Belinow, representing Embel Management, was the buyer in this deal while Marc Ricks acted as the seller on behalf of ShopCore Properties. Eric Kathrein and Warren McClean, both from JLL, served as the brokers facilitating the transaction. It's worth noting that the sale included the 113,967-square-foot Riverpoint Marketplace, which comprises various stores and restaurants. However, anchor stores like Home Depot, Walmart Supercenter, and Ikea were not part of this transaction as they remain separately owned.