Big changes are coming to one of Stockton’s most iconic shopping centers. Weberstown Mall has been acquired in a $50.75 million deal by Mershops, a rapidly expanding West Coast real estate group known for revitalizing major retail spaces. The acquisition was led by strategic investment partner Steerpoint Capital, and signals a bold new chapter for the 800,000-square-foot mall.
Located in the heart of Stockton, Weberstown Mall is home to national retailers such as Barnes & Noble, Dillard’s, JCPenney, Old Navy, and Five Below — and now it’s set for a new wave of reinvestment and transformation. Mershops plans to enhance the property through tailored improvements that will bring a fresh energy to the space and strengthen its role as a local hub for shopping, dining, and community gathering.
“This is more than a purchase — it’s a commitment to the future of Stockton,” said Bo Okoroji, Founder & CEO of Steerpoint Capital. “We’re excited to help unlock new value at Weberstown Mall and ensure it continues to be a vibrant destination for years to come.”
Weberstown becomes the sixth enclosed shopping mall in the Mershops portfolio, joining other major properties like North County Mall in Escondido and The Shops at Montebello in Southern California. The company is also investing in mixed-use projects that blend retail, hospitality, and community relevance, and this acquisition continues that vision.
Local leaders and business owners are optimistic that the purchase will bring fresh opportunities for economic growth, more retail variety, and long-term stability to Stockton’s retail landscape.
Stay tuned for updates on what’s ahead for Weberstown Mall — from renovations to new tenants — as Mershops and Steerpoint Capital begin to shape the mall’s next chapter.
For more information, visit www.mershops.com or www.steerpoint.com.