Primestor Development Expands Retail Portfolio With The Acquisition of Esplanade Shopping Center in Oxnard, CA

OXNARD, Calif.--(BUSINESS WIRE)--Primestor Development (Primestor), a leading minority-owned and led real estate development and investment firm based in Los Angeles, has announced the $90 million acquisition of the Esplanade Shopping Center, a 357,000-square-foot grocery-anchored retail community center in the coastal city of Oxnard, CA. “The Esplanade Shopping Center provides the opportunity to acquire a 94% leased, institutional-quality, necessity retail asset located in a high-traffic area