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December 11, 2019
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BAY AREA NEWS
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Scannell Properties Pays $20 Mil for Petaluma Development Site

6/20/19

Indianapolis-based Scannell Properties purchased 40 acres of undeveloped land in Petaluma for $20.1 mil. The site, located at 500 Hopper St, was sold by Bay West Development, who had originally purchased the vacant industrial-zoned property in 2016. Scannell has not yet announced their new development project for the property.

Situated in Southern Sonoma County, 500 Hopper sits less than one block away from Highway 101, providing convenient accessibility to all of Sonoma and Marin counties. The property is also desirably positioned along Petaluma’s Riverfront with a walking path to downtown Petaluma shops and amenities. A SMART Train station is also just one block away.

Trevor Buck, Steven Leonard and Brian Foster with Cushman & Wakefield’s North Bay office represented the seller in the transaction.





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