YUBA CITY, Calif. – ProEquity Realty Partners along with CRG Investments, announces its purchase of the former Forever 21 within the Yuba Sutter Mall, Yuba City, California. Previously owned by Forever 21, the building was purchased vacant. The buyers are in discussion with several national retailers to replace Forever 21 and will most likely open Spring of 2017. Since its foreclosure by LNR Partners, the Mall as seen some slow and steady improvement. A new anchor tenant in this former Gottschalks space would be a welcomed addition to the mall.
ProEquity Realty Partners is an active buyer of distressed or opportunistic commercial real estate throughout the United States. It is an investment company related to ProEquity Asset Management who is a fully integrated service platform who specializes in asset management and receivership work throughout the United States.