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Petaluma, Calif. — Brixton Capital has acquired Washington Square, a 215,506-square-foot shopping center located in Petaluma, for $67.5 million. The eight-building retail center — which was more than 99 percent leased at the time of sale — is anchored by Safeway. Other tenants at the property include Staples, Harbor Freight Tools, Planet Fitness, Five Below and MarinHealth Medical Center. Originally built in 1971 and renovated in 1996, Brixton plans to improve the property with parking lot and exterior enhancements, roof replacements, new paint and landscaping, and upgrades to the HVAC systems and signage. JLL’s Bryan Ley, Eric Kathrein and Warren McClean represented the seller, Paragon Commercial Group, in the transaction. Brixton Capital represented itself.
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