Located in the 4300 block, near the city's border with LosAltos, the property was sold by the Casten Family, which had ownedthe property for 50 years. The listing brokers were Kirk Trammelland Jeffrey Taughinbaugh of Marcus & Millichap. Taughinbaughtells GlobeSt.com that the property's zoning was changed fromresidential to neighborhood commercial while it was being marketedfor sale.

"It affected what people wanted the property, which has beensought after for many years," Taughinbaugh tells GlobeSt.com. "Somewanted to put big box retail on it, others wanted to puthigh-density residential on it. (Trammell) was able to weed throughand find who the true buyers would be for this property given allthe uncertainty with regard to the zoning."

An official with Barry Swenson could not be reached Wednesdayfor comment. Taughinbaugh says the company was selected in part dueto its experience developing both residential and commercialprojects. "They can adapt," he says.