Gadsden Acquires Mission Hills Square for $240M

Mission Hills Square will include 158 apartment units and 53,900 square feet of retail space.

FREMONT, CA—Gadsden Growth Properties Inc. acquired Mission Hills Square, a mixed-use ground-up development that includes 158 residential apartment units and 53,900 square feet of retail space for approximately $240 million in a combination of cash and stock. Mission Hills Square is slated for completion in October 2019.

“This acquisition is indicative of our core strategy of buying strong retail and mixed-use assets in secondary markets with robust economic and socioeconomic tailwinds,” says John E. Hartman, chief executive officer of Gadsden Growth Properties Inc. “Fremont is a secondary city to both San Jose and San Francisco and is more affordable by Bay Area standards. We believe this asset significantly increases the company’s NAV and enhances the overall quality of our portfolio.”