Washington Square II (the “Property”) is the sister property to the adjacent Washington Square Mall (1.5 million square feet). Washington Square is fully occupied and the undisputed dominant mall in the state, attracting 9.7 million customers/year. No other retail in Oregon drives more traffic. Washington Square II accommodates tenants that are better aligned with an open-air shopping format, rather than a traditional enclosed mall. The properties operate symbiotically. Washington Square II has historically operated near full occupancy. However, several tenants vacated during the COVID pandemic, including Pier 1 Imports (recently back-filled by BioLife Plasma) and two smaller shoppe suites. Today, the property is 91% occupied. The tenants are a strategic mix of medical uses (41%), food/beverage (21%), and hard/soft goods (38%).