A $300 million-plus shopping spree that topped $300 million in property purchases has enabled a big developer to buy all of a high-profile Peninsula retail complex and transform the mall into a meg…
SAN BRUNO — A real estate shopping spree that topped $300 million has enabled a big developer to buy all of a high-profile Peninsula retail center and transform the mall into a mega campus for biotech and tech firms.
Alexandria Real Estate paid $95.2 million for the main retail and restaurant portion of The Shops at Tanforan, consisting of several parcels, documents filed on Feb. 9 with the San Mateo County Recorder’s Office show. — $128 million for the purchase of the Sears anchor store building at 1178 El Camino Real in November 2021.Alexandria aims to transform the San Bruno mall into a “mega campus” through a future development effort, according to an annual report filed on Jan. 31 covering the company’s 2021 fiscal year.
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