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126,576-SF Center Sells for $17.4M

SANTA CLARA, CA-The Mariposa Shopping Center in Santa Clara sells to a Dallas investor. The shopping center is anchored by Safeway, Longs Drugs and Ross, and is currently undergoing an expansion.

By Michelle Savage | Updated on March 05, 2002

SANTA CLARA, CA-A Dallas-based company has purchased the Mariposa Shopping Center in Santa Clara for approximately $17.4 million.

The Mariposa Shopping Center, which is located at the southeast corner of Homestead Road and Kiely Boulevard in Santa Clara, was constructed in 1965. The mall is situated on approximately 10 acres and encompasses 126,576-sf of rentable retail space. The sale price of $17.4 million comes out to about $137 per sf.

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