Phillips Edison & Company announced that it has acquired Del Paso Marketplace in Sacramento, California. The acquisition serves to bolster PECO’s presence in Northern California, representing the company’s fifth greater Sacramento shopping center. Del Paso Marketplace is anchored by a 29,296-square-foot Sprouts Farmers Market and features a dynamic mix of local and national tenants including T-Mobile, Chipotle, Club Pilates, Cookie Cutters, Ono Hawaiian BBQ, State Farm and Jersey Mike’s subs. The 59,796-square-foot shopping center is located at the intersection of Del Paso Road and East Commerce Way in the densely populated neighborhood of North Natomas. Natomas has excellent demographics including nearly $90,000 average household income within a three-mile radius and strong daytime employment and residential growth.