Popular Napa Retail Center Lures New Investor
- Aug 19, 2015
A Napa retail center was recently recapitalized as a private investment company entered a joint venture with the property’s developer and owner. Madison Marquette has joined the Carlin Co. as a co-owner of Oxbow Public Market, a major retail destination in central Napa.
Opened in 2008, Oxbow Public Market currently operates at around 2 percent vacancy. The 30,000-square-foot property features a tenant mix tailored to the upscale character of area residents and visitors. Names on the shopping center’s tenant roster include Hog Island Co., Gott’s Roadside, Oxbow Cheese and Wine, Five Dot Ranch, The Fatted Calf, Kitchen Door, and Ritual Coffee.
Chad Eisenbud, Madison Marquette’s director of West Coast investments, commented in a statement that the company is “committed to fully leveraging this recapitalization to build on Oxbow’s extraordinary record of success in this high-value market.”
The company’s president, Eric Hohmann, added that the asset’s significant momentum and upside is “ideally suited to our integrated investment and operating platform.”
Image courtesy of Oxbow Public Market on Facebook – https://www.facebook.com/OxbowPublicMarket