NAPA – Global Retail Investors LLC, a joint venture between First Washington Realty of Bethesda, Md., and CalPERS, entered into an agreement to purchase a majority interest in a portfolio of shopping centers from Macquarie CountryWide Trust of Australia, including the Silverado Plaza in Napa.

The 85,000-square-foot retail center is anchored by Nob Hill and Long's Drugs and was part of a portfolio sale from First Washington/CalPERS to Macquarie CountryWide Trust in 2005.

The portfolio includes 86 shopping centers in 17 states and is valued at $1.73 billion.