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After generations of ownership, Stockton's Marengo Center finds new steward

Family sells Pacific Avenue retail property to investment group
The Marengo Center was fully leased at the time of sale with small retailers, service companies and restaurants. (CoStar)
The Marengo Center was fully leased at the time of sale with small retailers, service companies and restaurants. (CoStar)
By Jacob Lewis
CoStar Research
September 17, 2026 | 7:18 P.M.

An investment group has acquired the Marengo Center, a nearly fully occupied neighborhood retail center along Stockton's Pacific Avenue corridor, in a transaction that highlights continued demand for smaller, value-add retail properties despite a more selective investment sales market.

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