Chico mall sold

Expect some changes at the Chico Mall, as it heads into 2019 under new ownership. Ethan Conrad Properties, a Sacramento-based commercial real estate firm, closed escrow on the mall, which opened in 1988, on Dec. 27.

The company purchased its first mall property, the Yuba Sutter Mall, in 2016. It owns and manages over 100 commercial properties and 150 industrial, office and retail buildings in Northern California.

According to a Chico Mall press release, factors such as its location off Highway 99 on East 20th Street, strong sales and demographics present a “prime opportunity” for the firm to drive more traffic and shoppers to the area.

“This transition has been highly anticipated,” said Chico Mall General Manager Natasha Shelton, “and comes with commitments from several desirable new to market tenants.”