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[PRESS RELEASE] Spinoso Real Estate Group acquires Solano Town Center, Fairfield, CA, eyes growth opportunities to serve the community 

Monday, Oct 2, 2023

FAIRFIELD, CA – October 2, 2023 – Spinoso Real Estate Group (“SREG”), a privately held New York-based real estate firm specializing in the investment and operation of large-scale enclosed shopping malls across the USA, announced today the acquisition of Solano Town Center, Fairfield, CA, a regional mall anchored by JCPenney, Macy’s, DICK’s, Regal Cinemas, Best Buy and Dave & Busters with a vibrant national and local tenant mix.

“We are excited about the acquisition of Solano Town Center. The property has a strong history of success,” said Carmen D Spinoso, Chairman and CEO of SREG, “and we see real potential to evolve and enhance Solano Town Center as a vibrant community center in Solano County. This is not merely a transaction; it represents our commitment to becoming an integral part of this thriving community. We eagerly anticipate collaborating with the community as we explore innovative ways to enhance and densify this site, bringing new and exciting opportunities to the region and transforming Solano Town Center into a state-of-the-art mixed-use development that will serve as a centerpiece for the community”

SREG brings a proven track-record of repositioning shopping centers across the USA, with plans to immediately invest its experience and resources in maximizing Solano Town Center’s potential by evaluation and exploring mixed-use and densification opportunities at the property.

With an industry-leading focus on tenant relations, SREG’s recognized proprietary Leasing+™ approach to doing business, and a strong leadership team, the company is anticipating to quickly implement, in conjunction with community stakeholders, a value-building strategy at Solano Town Center.

“We could not be more thrilled to announce the addition of Solano Town Center to our growing portfolio of owned assets,” added Michael J Nevins, Executive Vice President of Leasing at SREG, “Solano serves a growing and uniquely distinct trade area north of the San Francisco Bay area. We look forward to continuing our strong leasing momentum. I am confident and optimistic about the future of Solano Town Center.”

In an effort to provide an exciting entertainment destination to the Solano County community and beyond, Solano Town Center successfully introduced Dave & Busters to the market, opening at the property in 2021.

Having completed numerous additional new tenant deals such as Pampas Brazilian Steakhouse, Jollibee, APEX Jewelers, Sam’s Jewelers, The Smart Axe, Kiki’s Chicken and many more, SREG’s extensive knowledge and experience on the property and market has positioned the company to seamlessly transition into its next phase of success.

“We’re excited about the timing of the acquisition,” continued Carmen, “we’re witnessing the evolution of physical retail and unprecedented demand from DTC brands looking for brick-and-mortar spaces, making this an unparalleled time to invest in enclosed shopping malls. With a great team and strong industry relationships we’re looking forward to making a long-lasting impact in the community.”

As owners, SREG will serve to handle Solano Town Center’s management, leasing, redevelopment, operations and marketing with its committed to further establish Solano Town Center as the premier shopping, dining, entertainment and gathering destination in Solano County.

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About Solano Town Center
Solano Town Center is an enclosed shopping mall with 1,046,000 square feet of leasable area. Located in the growing city of Fairfield, CA in Solano County, Solano Town Center is home to JCPenney, Macy’s, DICK’s, Edwards Cinemas, Best Buy, Dave & Busters, Ulta, Miniso, Old Navy, H&M, Hollister, Regal Cinemas, Buffalo Wild Wings, Jollibee, Panda Express, Starbucks, Pampas Brazilian Steakhouse and more! For more information, please visit shoppingsolanotowncenter.com

About Spinoso Real Estate Group
Spinoso Real Estate Group is a national real estate firm, recognized as the premier operator of enclosed shopping malls and large-scale retail-based mixed use properties. With a proven track record of operating 83 properties and nearly 71.1 million square feet of enclosed-mall transformation from coast-to-coast, and an industry-leading operating and investment platform, the firm offers a range of services including leasing, property management, repositioning, marketing, development, stabilization, and re-development/densification. For more information, visit spinosoreg.com

Media Contact
Andre Ivanchuk
Director of Marketing & Brand Strategy
aivanchuk@spinosoreg.com
315-425-1000

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