Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Santa Maria Town Center Santa Maria Town Center is a 331,804-square-foot regional mall at 100 Town Center East.

SANTA MARIA, CA—As more box anchor spaces are acquired from failing tenants, the mall narrative is expected to become a positive one. A recent example is Santa Maria Town Center, a 331,804-square-foot regional mall on 6.11 acres at 100 Town Center East. The regional mall built in 1976 is anchored by Sears and Macy’s, an Edwards Theatres RPX Digital Cinema, and an assortment of regional and national tenants.

The town center recently sold to a global insurance company, although the Sears and Macy’s were not part of the sale. Sources tell GlobeSt.com the purchase price was approximately $21.5 million and the buyer is looking to redevelop the mall.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.