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Redmond Town Center has been acquired by a fund managed by DRA Advisors and JSH Properties of Bellevue.

The partners acquired the 695,000-square-foot shopping center Aug. 1 when Pacific Premier Retail, a Maryland real estate investment trust, sold it for $127 million, according to a regulatory filing by Macerich Co., a California REIT that controlled Pacific Premier.

Earlier this year, San Francisco-based Shorenstein Properties bought the 582,000-square-foot office complex at Redmond Town Center for $185 million from Pacific Premier, records show.

Steve Hansen of JSH Properties said 24 Hour Fitness and Charming Charlie will open at Redmond Town Center this fall.