Washington Square

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Washington Square Shopping Center (the “Property” or “Washington Square”), a 99.2% leased grocery anchored neighborhood center located in Petaluma, California.

Ideally situated within one of the most desirable suburbs of the North San Francisco Bay Area, Washington Square features 215,506 square feet of retail space at the epicenter of the densely populated and highly trafficked Highway 101 corridor. The Property is 99.2% leased to the top performing Safeway in the trade area and a stable roster of restaurants and daily needs tenants, providing a diverse and secure cash flow with a WALT of 7.1 years. The Safeway features a sandwich position lease in which the contractual rent due to ownership will increase 113% by 2033. The Property sits within a highly coveted retail submarket characterized by strong tenant demand and leasing momentum coupled with limited supply and high barriers to entry.

Washington Square Shopping Center offers an outstanding opportunity to acquire a stable, best-in-class, grocery anchored neighborhood center in a premier Bay Area location with over 7 years of WALT.