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Mills Expanding Stoneridge Center by 205,000 SF

PLEASANTON, CA-The Arlington, VA-based shopping center owner says the key to the deal is a letter of intent from Nordstrom to build a new 149,000-sf department store, leaving its existing 164,000-sf store available for conversion to specialty retail and a movie theater.

By Brian K. Miller | Updated on August 24, 2005

PLEASANTON, CA-The 1.3 million-sf Stoneridge Shopping Center here is primed for a 205,000-sf expansion now that Nordstrom has signed a letter of intent to build a new 149,000-sf department store next to its existing space, which will be converted for other retail uses. The expansion is expected to be completed in phases between Fall 2007 and Spring 2009.

Located at the intersection of Interstates 680 and 580, the mall is owned by a joint venture of Mills Corp. and General Motors Pension Trust. Existing anchor tenants in addition to Nordstrom include Macy’s, JCPenney and Sears.

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