Mershops Expands West Coast Footprint with Weberstown Mall Acquisition

Mershops Expands Its Retail Portfolio with Weberstown Mall Acquisition

In a significant move in the retail real estate market, Mershops has announced its acquisition of Weberstown Mall, located in Stockton, California. This transaction, valued at $50,750,000, has been facilitated by Steerpoint Capital, a leading real estate investment and advisory firm. This acquisition not only marks Mershops' continued growth in the West Coast retail sector but also reflects its strategy of revamping and elevating major shopping destinations.

The Transaction

This latest acquisition represents the sixth enclosed mall added to Mershops' portfolio, underscoring the firm’s commitment to strengthening its presence in prominent markets. The Weberstown Mall spans an impressive 800,000 square feet, making it a vital hub in California's Central Valley. It features a mix of inline and anchor stores, attracting a variety of national retailers including Barnes & Noble, Dillard’s, JCPenney, Old Navy, and Five Below.

The acquisition aligns with Mershops' broader goal of positioning itself in key retail areas with long-term potential. Bo Okoroji, Founder and CEO of Steerpoint Capital, expressed enthusiasm about the addition of this asset, highlighting plans to unlock further value through strategic asset management and redevelopment initiatives.

Mershops' Expanding Portfolio

Mershops, which was established by the Mersho family, is accelerating its growth trajectory in California and Nevada. Its current portfolio includes notable properties such as Mershops North County in Escondido, Galleria at Sunset in Henderson, Antelope Valley Mall in Palmdale, The Shops at Montebello in Montebello, and Northridge Mall in Salinas. Additionally, Mershops operates two prominent office campuses in Silicon Valley, showcasing its diverse range of investments across the region.

Each property in Mershops' portfolio is subject to tailored reinvestments that blend aspects of retail, hospitality, and community engagement. This approach not only enhances the shopping experience for customers but also reinforces the relevance of these spaces within their communities.

Future Plans and Support

Steerpoint Capital will continue to play a vital role in the management and development of Weberstown Mall. With their expertise, the ongoing efforts will focus on elevating the shopping ecosystem of the property while maximizing returns for investors. According to Okoroji, the objective is clear: “We aim to unlock greater value and deliver higher-quality, higher-returning outcomes through creative structuring and robust asset management.”

Through this acquisition, Mershops is poised to strengthen its position among the leaders of retail real estate investment on the West Coast. By acquiring established and promising shopping destinations, the company is reshaping the future of how consumers interact with retail spaces, ensuring that shopping is not just about transactions but about creating vibrant community hubs.

About Mershops

Founded by the Mersho family, Mershops is a forward-thinking real estate platform dedicated to acquiring and revitalizing destination properties across the United States. Grounded in a legacy of retail innovation and hospitality, Mershops prioritizes design, operational excellence, and customer satisfaction in every endeavor. With a focus on sustainable growth and long-lasting impact, the firm is committed to reshaping the shopping experience and fostering community connections.

About Steerpoint Capital

Steerpoint Capital specializes in the acquisition, repositioning, and transformation of large-scale retail and mixed-use properties throughout the United States. Led by Bo Okoroji, the firm collaborates with institutional investors and family offices to create value through a disciplined approach to asset management, innovative strategies, and targeted reinvestment initiatives. With an expanding portfolio, Steerpoint Capital is transforming the landscape of retail real estate to meet the needs of the next generation of consumers and communities.

With this acquisition of Weberstown Mall, Mershops not only enhances its footprint in the competitive retail landscape but also sets the stage for a new era of consumer engagement in retail spaces that are both inspiring and relevant.