Lodi’s Vintner’s Square Shopping Center sold in March for a combined $23,325,000 to Lodi Exchange LLC and EP Winter Park LLC for the larger portion and F&M Bank for the smaller portion of the center.
Visintainer Group, a Fresno-based brokerage firm, announced the sale in late March through a news release. Vintner’s Square Shopping Center is located on South Lower Sacramento Road and West Kettleman Lane in Lodi and is a multi-tenant retail component.
According to Visintainer Group, the sale was made in two phases, approximately one week apart. The property’s front portion with two parcels has tenants like F&M Bank and Panera Bread, and sold for $8,300,000. The center’s remaining outparcel portion traded for $15,025,000, not including In-N-Out.
“This sale is significant because transactions of this size are rare in Lodi, and it represents the largest retail sale on record in the market. It reinforces a trend we’ve seen—high-quality retail assets in Lodi continue to attract strong investor demand and often achieve pricing that outperforms other Central Valley markets,” John Kourafas of the Visintainer Group and lead broker on the seller side, told The Record on April 7. “For residents, it’s a strong signal that investors see long-term growth and stability in the area.”
This $15 million transaction is the largest individual retail sale on record and the largest commercial real estate transaction since 2023 for Lodi, according to CoStar, the news release states. The transaction also marks the largest retail deal completed by a Central Valley-based brokerage firm this year, Visintainer Group said.
Kent A. Steinwert, chairman, president and CEO for Farmers & Merchants Bank (F&M Bank), said F&M Bank did the original construction of the building they occupy for the original family owners.
They had an agreement that if they ever decided to sell, they would purchase the building they occupy.
“We always wanted to own it from the beginning,” Steinwert told The Record.
F&M Bank will continue to occupy its current space. The building occupancy is also full, all businesses have long-term leases, he said.
Steinwert said the center is a “well-developed retail operation” and it’s a “successful center.”
“It’s a very special shopping center,” he said.
Visintainer Group said it completed $32.8 million in commercial transactions across four deals in Lodi since 2022.
“The sold portions of Vintner’s Square total approximately 49,356 square feet and were 97% occupied at the time of sale,” Visintainer Group said in the statement. “Tenants at the center include a mix of national and regional operators such as Chili’s, AAA Insurance, The UPS Store, Round Table Pizza, and H&R Block.”
The seller of the smaller portion of the transaction was Geweke VIII, LP and both Geweke VIII, L.P and Geweke Family Partnership Limited Partnership were the sellers in the bulk transaction, Visintainer Group said. Visintainer Group represented both sellers in the transactions.
“The property generated multiple offers, reflecting increased competition and a recent uptick in investor activity across the Central Valley. Both local and out-of-area buyers are actively deploying capital, and we expect this sale to positively influence property values throughout Lodi and the broader region,” Kourafas said. “Similar momentum is carrying into other listings, including another larger Central Valley shopping center currently under contract that also drew multiple offers—overall, a very encouraging sign for property owners in the market.”
Visintainer Group not only has properties in Stockton like the Acacia Street Apartments but others like the Cedar Tree Village Shopping Center in Fresno, a multi-tenant Class A-Office investment in Redding, and a property on the main retail corridor currently in escrow in Visalia, among others in New Orleans and Nashville.
Pacific Town Center sold for $27 million in Stockton
Lodi’s Vintner’s Square Shopping Center is not the only one making big waves.
In early January, Hanley Investment Group, a national real estate brokerage and advisory firm that specializes in retail property sales, announced the sale of Pacific Town Center on Jan. 7. Pacific Town Center was sold to CJ Park & Associates for $27 million.
“Our vision for Pacific Town Center is to strengthen it as a vibrant, convenient retail destination that serves the daily needs of the surrounding community,” Andrew Farhadi of CJ Park & Associates told The Record in January. “We plan to invest in the center through targeted improvements, proactive leasing, and long-term tenant relationships that enhance the overall shopping experience while maintaining the center’s role as a neighborhood anchor.”
Pacific Town Center tenants include Chuze Fitness, Ross Dress for Less and Smart & Final Extra!
Sean Cox, Hanley Investment Group’s vice president and Kevin Fryman, Hanley Investment Group’s executive vice president, represented Brixton Capital, the seller, in the sale, while the buyer represented themselves, the real estate brokerage and advisory firm said.
Record reporter Angelaydet Rocha covers business and community news in Stockton and San Joaquin County. She can be reached at arocha@recordnet.com or on Twitter @AngelaydetRocha. To support local news, subscribe to The Stockton Record at https://www.recordnet.com/subscribenow.
This article originally appeared on The Record: Sale of Vintner’s Square sets new Lodi record at $23.3 million
Reporting by Angelaydet Rocha, The Stockton Record / The Record
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