By Ben van der Meer – Staff Writer, Sacramento Business Journal
Sep 23, 2019, 9:56am EDT
On the corner of a busy intersection, the Foothill Farms Plaza retail center is a bit tired, something even the owner said he’d admit.
That’s beginning to change, though, with a $2 million investment at 5401-5445 Auburn Blvd. to refresh the buildings and bring in a new anchor tenant.
“We had an opportunity to buy and we had a relationship with Goodwill,” said Alan Gottlieb, president of Calabasas-based Real Estate Affiliates. “We felt they would add a lot to the center and to the community.”
Built in 1960, the 202,554-square-foot center has about 65,000 square feet of buildings. Goodwill will fully occupy a 34,000-square-foot building that formerly housed a grocery store but is currently being gutted for the new tenant.
“At Goodwill, we’re always looking for places where we can do the most good in the community,” said Rachel Wickland, chief mission officer for Goodwill Industries Sacramento Valley & Northern Nevada. The Foothill Farms location will have retail sales, donation drop-offs and community training, she said.
Gottlieb said that as Goodwill moves into its new space, the rest of the center is getting updated landscaping, parking, and other improvements, while anchors Harbor Freight Tools and O’Reilly Auto Parts will remain, though their buildings will also be improved.
Two spaces, of 4,800 and 1,500 square feet, are available. Bryan Wirt of TRI Commercial/CORFAC International is the broker for those spots. Gottlieb said the larger location would be ideal for a boutique gym or dance studio, while the smaller would best house some kind of food-related use.
According to Gottlieb, Goodwill is set to open in the first quarter of 2020, though Wickland said it could be as soon as November. Most of the rest of the property work should be done by November, Gottlieb said.
Property records with real estate data site Reonomy Inc. show Foothill Farms Sacramento LLC, with an address in Calabasas, bought the property in April for $5.2 million.
View original article on the Sacramento Business Journal here.