California

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. Brixton plans to improve the property, which was built in 1971 and renovated in 1996, with parking lot and exterior enhancements, roof replacements, new paint and landscaping, and upgrades to the …

Monterey, Calif. — Federal Realty Investment Trust has acquired Del Monte Shopping Center, a 674,000-square-foot retail development located in Monterey, for $123.5 million. Originally built in 1967 and renovated in 2007, the center is situated on 47 acres. Whole Foods Market anchors the property, which was 83 percent leased at the time of sale. Other tenants at the center include Sephora, lululemon, Pottery Barn, Century Theatres, Macy’s and Anthropologie. According to Placer.ai, the development ranks among the top five percent of shopping centers in the United States for annual foot …