Smart & Final is more than doubling its footprint in Oxnard’s Lemon Grove Plaza shopping center.
The Commerce-based company recently signed a lease for 43,200 square feet at the center and is re-opening as a Smart & Final Extra concept. The center is located on North Oxnard Boulevard.
The company had been operating in a roughly 16,000-square-foot space within the center for almost 30 years. Smart & Final Extra is larger than the company’s traditional warehouse stores, combining discount fresh produce and large club-sized products like those at Costco or Sam’s Club.
Smart & Final was acquired by private equity firm Apollo Management in May of 2007. Later that year, the company purchased 27 Southern California Henry’s Farmers Market stores and eight Texas Sun Harvest stores. The company subsequently sold the Henry’s and Sun Harvest stores to Sprouts Farmers Market in early 2011. Smart & Final was later acquired by Ares Management, a private equity firm, in 2012 and went public last year.
Smart & Final has 250 stores in California, Oregon, Washington, Arizona, Nevada, Idaho and northern Mexico, with locations up and down the Central Coast.
Pam Scott of Lee & Associates Central Coast brokered the deal. Scott previously brokered the Smart & Final Extra lease at the new Hollister Village Plaza retail center in Goleta.