### Brixton Capital Acquires Washington Square Shopping Center for $67.5M
Brixton Capital has purchased Washington Square, a 215,506-square-foot shopping center in Petaluma, for $67.5 million. The property, located at 301 S. McDowell Blvd., consists of eight buildings and was acquired from El Segundo-based Paragon Commercial Group.
“Washington Square is a premier asset in an affluent, supply-constrained market with over 1,200 multifamily units in various stages of development,” said Dan Sutherland, Brixton Capital’s managing director of investments. “The limited retail inventory and high barriers to entry made this an ideal addition to our portfolio.”
Anchored by the top-performing Safeway in a 30-mile radius, Washington Square was originally built in 1971 and renovated in 1996. Brixton Capital plans significant enhancements, including parking lot improvements, roof replacements, exterior painting, HVAC upgrades, façade updates, landscaping renovations, and updated signage.
JLL’s Bryan Ley, Eric Kathrein, and Warren McClean represented the seller, while Brixton Capital handled its own representation in the transaction.
