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The deal, reported by brokerage firm Marcus & Millichap, involves 18 retail properties and one vacant lot. The portfolio totals 106,708 square feet of rentable retail space and 493,679 buildable square feet.
The resurgence of the North San Mateo County market, particularly due to the explosion in life science demand, coupled with YouTube's expanding footprint in San Bruno and the resulting nosediving vacancy rate were key factors.