Napa, Calif. — JOSS Realty Partners has acquired Napa Square, a 65,848-square-foot mixed-use asset located in downtown Napa, for $39.25 million.
Originally built in 1957 and redeveloped in 2009, Napa Square is LEED Gold certified and features 41,010 square feet of office space and 24,848 square feet of ground floor retail.
The 92 percent leased center is occupied by Wells Fargo, Charles Schwab, U.S. Bank and UPS, and is anchored by Oenotri, a southern Italian restaurant, and The Norman Rose Tavern, a neighborhood pub.
Nicholas Bicardo, Scott Pertel, Danny Reddin and Brandon Rogoff of HFF represented the seller, CDI Companies, in the transaction. Jordan Angel of HFF secured a $22.3 million acquisition loan with J.P. Morgan Asset Management on behalf of JOSS.