Tenants on the sold portion include Kohl's, 24 Hour Fitness, Jo-Ann and small shop tenants.
MOUNTAIN VIEW, CA—Federal Realty Investment Trust recently sold an 11.7-acre portion of San Antonio Center for $155 million that was under threat of condemnation. The land is needed for the eventual construction of a school by the Los Altos School District.
Tenants on the sold portion of the property include Kohl's, 24 Hour Fitness, Jo-Ann and various small shop tenants. Tenant condemnation awards, yet to be finalized, will be paid out of Federal Realty's sale proceeds.
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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.
