Madison Marquette has purchased the 46-year-old Bayfair Mall, an 820,000 sq. ft. regional shopping center in San Leandro, Calif., approximately 20 miles southeast of San Francisco. The company plans to strengthen the retailer mix in the mall, which is currently anchored by Macy’s and Target.

"Madison Marquette sees tremendous upside potential for Bayfair Mall," says Eric Hohmann, vice president of acquisitions and development for the company. "We expect our national retail relationships will add significant value to the property."