Sares Regis Group of Northern California (SRGNC) and TMG Partners have recently completed the sale of Capitol Square, a 21,100-square-foot retail project located in downtown Fremont. The terms of the transaction were not disclosed.
Capitol Square is part of the $100-million Locale mixed-use development that was finished in spring 2021. Developed by TMG Partners, Sares Regis and Summerhill Homes, Locale features 157 housing units along with its retail space.
According to Chris DeHaan, vice president for SRGNC: “The successful sale of this fully leased retail center showcases the growing vitality and appeal of downtown Fremont.” He also expressed pride in their ability to attract a diverse range businesses to Capitol Square which has contributed greatly to creating an authentic sense place that will continue adding value both for the community as well as future developments within this area.
Cushman & Wakefield brokers Don LeBuhn, Rick Ryan and Dan Wald facilitated the sale process for Capitol Square. This further solidifies its position as a thriving hub within downtown Fremont’s bustling landscape.
