Portion of San Antonio Center Sells for $155M
Federal Realty Investment Trust recently sold an 11.7-acre portion of San Antonio Center that was under threat of condemnation, as it is needed for a school being built by the Los Altos School District.
MOUNTAIN VIEW, CA—Federal Realty Investment Trust recently sold an 11.7-acre portion of San Antonio Center for $155 million that was under threat of condemnation. The land is needed for the eventual construction of a school by the Los Altos School District.
Tenants on the sold portion of the property include Kohl’s, 24 Hour Fitness, Jo-Ann and various small shop tenants. Tenant condemnation awards, yet to be finalized, will be paid out of Federal Realty’s sale proceeds.