Bridge Group Investments and Steerpoint Capital Announce Acquisition of Northridge Mall
Retrieved on:
Thursday, December 22, 2022
Tony Okoroji, Northridge Mall, Shoe Palace Pinkus, Antelope Valley Mall, SPC, Planet Fitness, Shop, Macy's, Black, Investment, Partnership, URW, Old Navy, Walker & Dunlop, Multimedia, Simon Property Group, Century, Hobby Lobby, Acquisition, JCPenney, The Shops at Montebello, Commercial property, Retail, Financial services
SALINAS, Calif., Dec. 21, 2022 /PRNewswire/ -- Today, Bridge Group Investments, founded by the Mersho Family in 2004, and Steerpoint Capital announced that they have closed on an acquisition of the Northridge Mall in Salinas, California.
Key Points:
- SALINAS, Calif., Dec. 21, 2022 /PRNewswire/ -- Today, Bridge Group Investments, founded by the Mersho Family in 2004, and Steerpoint Capital announced that they have closed on an acquisition of the Northridge Mall in Salinas, California.
- The Northridge Mall is the third property that Bridge Group Investments and affiliates have acquired in 2022 with support from Steerpoint Capital.
- The Northridge Mall acquisition is part of Steerpoint Capital's strategy to build a high-yield portfolio with significant, risk-adjusted returns.
- Okoroji added, "Bridge Group Investments brings decades of retail expertise and a proven track record of generating significant returns within the retail space.