Mershops Acquires Weberstown Mall in Stockton
The Californer/10321999

STOCKTON, Calif., Aug. 4, 2025 ~ Stockton, Calif. - Mershops, a prominent real estate platform founded by the Mersho family, has announced its latest acquisition of Weberstown Mall. The property was acquired in a $50,750,000 transaction led by Steerpoint Capital, a renowned real estate investment and advisory firm specializing in repositioning large-scale retail assets.

This marks the sixth enclosed mall to be added to the Mershops portfolio and solidifies their commitment to acquiring and enhancing dominant shopping destinations on the West Coast with long-term potential. Located in the heart of California's Central Valley, Weberstown Mall boasts 800,000 square feet of prime retail space including inline stores and anchor tenants such as Barnes & Noble, Dillard's, JCPenney, Old Navy and Five Below.

Mershops' growing portfolio in California and Nevada now includes Mershops North County (Escondido, Calif.), Galleria at Sunset (Henderson, Nev.), Antelope Valley Mall (Palmdale, Calif.), The Shops at Montebello (Montebello, Calif.), Northridge Mall (Salinas, Calif.) and two high-profile office campuses in Silicon Valley. The company is dedicated to making tailored reinvestments in each property that blend retail, hospitality and community relevance.

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The acquisition was advised by Steerpoint Capital, a long-standing partner of Mershops. As a commercial real estate investments and advisory firm, Steerpoint will continue to provide ongoing strategic support for asset management, leasing and redevelopment at Weberstown Mall. "We are excited to add another exceptional asset to the Mershops portfolio through this acquisition," stated Bo Okoroji, Founder & CEO of Steerpoint Capital. "From structuring the transaction to advising on the future of the asset, Steerpoint will help unlock greater value and deliver higher-quality outcomes."

This transaction further strengthens Mershops' growing presence in the real estate market and highlights Steerpoint's role as a trusted operating partner for institutional and family office clients seeking complex retail and mixed-use opportunities. With this latest acquisition, Mershops continues to solidify its position as a leading real estate platform on the West Coast.

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